Commercial Portfolio Manager III

Eastern Bank; Boston (MA); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a seasoned credit professional to manage portfolios and analyze loan requests. This role involves overseeing financial reporting, conducting market analysis, and providing support to relationship managers. With a focus on credit decisions and coaching, you will play a vital role in ensuring sound financial practices and client relationships. If you have a passion for finance and a wealth of experience, this is an exciting opportunity to make a significant impact in a dynamic banking environment.

Qualifications

• Minimum 10 years of experience in credit analysis with limited supervision.
• Formally credit trained with strong judgment in credit decisions.

Responsibilities

• Manage portfolio, including financial reporting and covenant tracking.
• Analyze new loan requests and provide market analysis.

Skills

Credit Analysis

Financial Reporting

Portfolio Management

Market Analysis

Customer Interaction Skills

Education

Credit Training

Job description

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 of Team Leader for 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 credit. Assist in preparing/underwriting pre-deals and credit vehicles (both new loans and renewals).
• Manage and update the interim report for the Relationship Managers' portfolio.
• Coordinating construction loan advances on certain credits. Assist with Credit Risk Review tasks, including coordinating responses to CRR, monitoring 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.
• Minimum 10 years experience. Work with limited supervision.