Commercial Portfolio Manager

Norway Savings Bank; Windham (ME); On-site; USD 72,000 - 88,000; Full time

Benefits offered by this job

Paid time off

Paid sick time

HSA contributions

401K match

Wellness program

Insurance benefits

Job summary

Norway Savings Bank in Windham, ME is seeking a Commercial Portfolio Manager to support our commercial lending team. You will analyze and underwrite loan requests, monitor the existing portfolio, and assist lenders with risk ratings and approvals while pursuing new business opportunities.

You’ll discuss loan structures, cash flow and collateral with lenders, attend Loan Committee meetings, prepare memos, and ensure compliance with bank policies.

Qualifications

• College degree in business or accounting or equivalent experience.
• Strong credit skills, finance and accounting foundation.
• Excellent written and oral communication skills.

Responsibilities

• Analyze and underwrite new loan requests, renewals, annual reviews, and overdraft lines of credit.
• Identify potential problem loans and determine risk ratings.
• Ensure loan requests comply with Bank policy and regulatory guidelines.

Skills

Credit analysis

Portfolio management

Communication skills

Financial statement analysis

Education

Bachelor's degree in business/finance

Tools

Excel

Job description

For The Life You Choose, A Career to Match….

Here at Norway Savings Bank, we strive to create a positive, team-based culture that leverages each person’s unique gifts and strengths and offers the support to achieve great things.
A place where your unique being shines through.

Our Commercial Lending team has an opportunity to join them as a Commercial Portfolio Manager , based out of Windham, ME!

Stepping into this role, you'll assist designated commercial lenders by helping to monitor and maintain their existing portfolio of clients, and assist them in their ongoing business development efforts.
You’ll be involved in analyzing and underwriting commercial loan requests, and preparing recommendations for risk rating and for the approval or decline of commercial loan applications. Additionally, you’ll manage a portfolio of commercial relationships where you’d service these clients with regard to new business and cross-selling opportunities.

If you're ready to take the next step in your financial career, we want to hear from you!

Key Pieces of the Position:

• Ability to analyze and underwrite new loan requests, loan and line of credit renewals, annual reviews, and overdraft lines of credit.


• Identify potential problem loans and deficiencies. Recommend appropriate risk rating for new loan relationships and proactively identify and recommend risk rating changes for existing loan relationships.


• Determine if loan requests are in compliance with Bank policy and regulatory guidelines/requirements.


• Discuss loan/line structure, cash flow, collateral, and customer character with commercial lenders and credit analysts.


• Attend and participate in Loan Committee meetings when appropriate.


• Recommend alternative credit structures or products where appropriate.


• Knowledge and ability to work with lenders on processing/obtaining various government (SBA/FAME/GPCOG/etc.) or private agencies (CEI/Genesis/etc.) loan guarantee programs and/or subordinate financing.


• Accompany commercial lenders on customer calls and interact extensively with customers and prospects in person and over the phone.


• Assist commercial lenders with various duties including, but not limited to, ongoing account management of select relationships (i.e. financial statement collection and initial analysis, preparation of periodic credit memos, non-credit product service follow-up, etc.), attend new loan meetings, provide assistance with business development opportunities, provide representation at internal and/or external meetings/events/functions, participate in construction loan draw meetings and prepare various memos and reports as requested (including the presentation of these reports as necessary).


• Assist in the preparation for Loan Examinations (including but not limited to) by reviewing credit and collateral files to ensure information is current and risk rating is appropriate.


• Assist with/understanding of appraisals, valuations, environmental reports and commercial loan documentation.


• Interact with attorneys and financial professionals including CPA’s, CFO’s, etc. as needed to assist in the underwriting and closing process.


• Interview loan applicants and analyze financial information provided by applicants to assess feasibility of loan opportunity.


• Make written and verbal loan presentations to appropriate approval authorities.


• Perform online research of public records including, but not limited to, assessor’s databases, county registrar’s databases, and the Secretary of State database for corporate filings and UCC filings

What You'll Bring:

• College degree with emphasis in business or accounting or equivalent experience


• Solid foundation in credit skills, finance and accounting


• Excellent written and oral communication skills


• Exemplary customer service skills


• Strong interpersonal skills, good listener, works well with others, decisive and confident


• Ability to multi-task


• Extensive knowledge of PC applications, including Excel & Word


• 160 hours of paid time off per year, increasing with longevity


• 48 hours of paid sick time per year


• 11 paid holidays


• Top tier full insurance benefits


• 401K with exceptional employer matching and contributions


• Employer HSA contributions


• Comprehensive Wellness Program with access to complimentary Heath Coaches, on-site fitness rooms, and monetary incentives for reaching your wellness goals


• Valued work-life balance


• A hands-on team that is committed to the growth and success of our employees

Pay: Starting at $80,000 per year with flexibility commensurate with experience.

Working Conditions:

Physical surroundings are generally pleasant and comfortable with minimal exposure to injury or other hazards.
Minimal physical effort required; normally seated with freedom of movement on a regular basis; handling of light materials and supplies.

**External and internal applicants, as well as position incumbents who are or who become disabled as defined by the Americans with Disabilities Act must be able to perform the essential job functions (as listed) either unaided or with the assistance of a reasonable accommodation to be determined by management on a case by case basis.**

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.