Commercial Portfolio Manager III - CRE (MM)

Eastern Bank; Boston (MA); On-site; USD 70,000 - 110,000; Full time

Job summary

Join a forward-thinking bank as a Commercial Portfolio Manager III, where you will play a crucial role in portfolio management and financial analysis. This position involves leading loan requests, analyzing financials, and providing essential support to relationship managers. The ideal candidate will have extensive experience in credit analysis and a strong ability to work independently. With a commitment to employee growth and inclusivity, this bank offers a supportive environment and comprehensive benefits. If you're passionate about finance and eager to make a difference, this opportunity is perfect for you.

Benefits

Medical Insurance

Dental Insurance

Vision Insurance

Retirement Plan

Vacation

Tuition Reimbursement

Qualifications

• 5-7 years of experience in credit analysis and portfolio management.
• Formally credit trained with strong judgment on credit decisions.

Responsibilities

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

Skills

Credit Analysis

Financial Reporting

Covenant Tracking

Market Analysis

Cash Flow Assessment

Guarantor Assessment

Education

Credit Training

Bachelor's Degree in Finance

Job description

1 month ago Be among the first 25 applicants

Job Description

Commercial Portfolio Manager III (CRE- MM)

Responsibilities include, but are not limited to the following:

• Portfolio Management, including Financial Reporting and Covenant Tracking. Obtain annual financial information for files from clients.
• Analyze financials on existing relationships and prepare update memos. Report regularly on status. Lead 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).

Other Tasks

• Manage and update the interim report for the RMs portfolio. Coordinate 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.
• 5-7 years experience.
• Work with limited supervision.

About Us

At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunities 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.

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.

Additional Information

• Seniority level: Mid-Senior level
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Banking