CRE Portfolio Manager

Rockland Trust; Providence (RI); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Commercial Portfolio Manager to enhance their Commercial Real Estate credit team. This role involves underwriting and managing a diverse portfolio of loans, ensuring compliance with credit policies, and proactively managing risk. The ideal candidate will possess strong credit analysis skills and the ability to negotiate terms effectively. Join a company that values a healthy work-life balance and offers a comprehensive benefits package, including competitive compensation, health insurance, and tuition assistance. This is a fantastic opportunity to contribute to a respected organization and drive your career forward.

Benefits

Health Insurance

Dental Insurance

401K Plan

Life Insurance

Tuition Assistance

Wellness Program

Qualifications

• Formal credit training and prior commercial credit analysis experience required.
• Ability to make independent lending recommendations based on detailed analysis.

Responsibilities

• Manage and underwrite a portfolio of loans for C&I and Real Estate.
• Continuously monitor loans to ensure compliance and manage risk exposure.
• Negotiate credit terms and conditions with Loan Officers.

Skills

Credit Analysis

Loan Underwriting

Risk Management

Financial Reporting

Negotiation

Education

Bachelor's Degree in Business

Bachelor's Degree in Accounting

Bachelor's Degree in Finance

Bachelor's Degree in Economics

Job description

Rockland Trust is looking for a Commercial Portfolio Manager to join the Commercial Real Estate credit team in Providence.

Description

The Portfolio Manager role is credit orientated reporting on a solid-line basis to the Commercial Credit Officer. Portfolio Managers are typically assigned to and support specifically designated Lending Officers and their respective loan portfolios. Performance reviews are prepared by the Commercial Credit Officer with input from the Regional Manager and Lending Officer to whom the PM is assigned. Portfolio Managers use their credit skills to underwrite and manage a portfolio of loans for both C&I and Real Estate. The PM works with lenders who solicit, develop and service a wide variety of commercial loans and lines of credit.

Responsibilities

• Commands a thorough and complete knowledge of the Bank’s Loan Underwriting and Administration Guidelines (LUAG) and Credit Policy.
• Maintains timely renewals of loan maturities for assigned lending team.
• Continuously monitors current loans and credit lines to ensure compliance with terms and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio.
• Manages Covenant Compliance by monitoring, testing, and preparing waivers and Reservation of Rights letters when required.
• Facilitates borrower financial reporting submissions to Bank. Responsible for evaluating financial performance of borrower and based on a variety of factors determining an appropriate risk rating.
• Identifying early client risk/exposure, early detection of volatile industries and markets for assigned portfolio within designated region.
• Ensure the timely completion of credit file updates.
• Collaborates in coordinating pre-closing activities.
• Independently evaluates structures, risk rates and underwrites companies with risk exposure or potential risk exposure to the bank. Ensures appropriate compliance with all bank requirements and identifies exceptions to Credit Policy.
• Negotiates terms and conditions of credit with Loan Officers. Proactively manages credit risk and exposure for an assigned portfolio; initiates credit modifications and risk rating upgrading/downgrading, modifying terms and frequency of covenants, financial reporting, collateral security, audit schedule, etc.
• At the direction of and with assistance of Lending Management interacts via phone/email and may visit in person with existing customers and potential customers on credit or risk related matters.
• May identify cross sell opportunities.

Core Competencies: Portfolio Managers possess the ability to make independent lending recommendations which are based on their analysis and assessment of the business’ and guarantor’s capacity to repay, quality of collateral, character, management ability, capital adequacy, and other conditions that may apply. PM must have the ability to interview loan applicants as needed to develop information concerning their business, financing needs, management abilities, and earnings to determine whether a loan made to a company would be an acceptable risk to the Bank. The Portfolio Manager must consistently demonstrate a high level of detail, accuracy, and have the ability to prioritize work. The PM will serve as a liaison between and assigned lending team and the Credit Administration/Operations Department.

Minimum Qualifications:

• Formal Credit Training.
• Prior Commercial Credit Analysis/Portfolio Manager experience - CRE highly preferred.
• Bachelors Degree in Business, Accounting, Finance, Economics or equivalent experience.

Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more!

At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Finance
• Industries: Banking