Commercial Portfolio Manager III

Eastern Bank; Boston (MA); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a CRE Portfolio Manager to oversee portfolio management and financial reporting. This role involves analyzing loan requests, providing market insights, and supporting credit risk reviews. The company values individual growth and inclusivity, offering a comprehensive benefits program and a supportive work environment. If you are experienced in credit analysis and looking for a place to make an impact, this opportunity could be perfect for you. Join a team that champions diversity and encourages applicants from all backgrounds to apply.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Retirement Plan

Vacation

Tuition Reimbursement

Qualifications

• Formally credit trained with experience in credit decisions.
• Ability to coach credit analysts and work independently.

Responsibilities

• Manage portfolio with financial reporting and covenant tracking.
• Analyze new loan requests and provide market analysis.
• Assist with credit risk reviews and underwriting tasks.

Skills

Credit Analysis

Financial Reporting

Portfolio Management

Covenant Tracking

Market Analysis

Education

Credit Training

5-7 years experience in finance

Job description

Job Description

CRE Portfolio Manager (MM)

Responsibilities include, but are not limited to the following:

• Portfolio Management, including Financial Reporting and Covenant Tracking.
• Obtaining annual financial information for files from clients.
• Analyzing financials on existing relationships and preparing update memos.
• Report regularly on status Team Leader New Loan Requests and Loan Renewals.
• Analyze new loan requests (cash flow assessment, collateral valuation, spread analysis, guarantor assessment, etc).
• Research, compile, and provide market analysis relative to a credit.
• Assist in preparing/underwriting pre-deals and credit vehicles (both new loans and renewals).
• Manage and update the interim report for the RM’s portfolio.
• Coordinating construction loan advances on certain credits.
• Assist with Credit Risk Review tasks, including coordinate responses to CRR, monitor action steps for remediation, etc.
• Provide Backup to other Relationship Managers/Relationship Administrators as needed.
• Assist the team during vacations/absences as necessary.
• Provide sales & service support as necessary.

Qualifications:

• Formally Credit Trained.
• Demonstrates experience and judgment with credit decisions and analysis.
• Coach credit analysts on credit and customer interaction skills.
• 5-7 years experience.
• Work with limited supervision.

About Us

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.

Eastern Bank is an Equal Opportunity Employer of women, people of color, LGBTQIA+, religion, national origin, citizenship, neurodivergence, age, Veterans, individuals with disabilities, or any other characteristic protected by law.

At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance and Sales

Industries

Banking