Distressed Assets Portfolio Manager

Rockland-Trust-Company; Massachusetts; On-site; USD 120,000 - 150,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

401(k) plan

Tuition assistance

Wellness program

Paid vacation

Job summary

Rockland Trust is seeking a Special Assets Portfolio Manager to join the Special Asset Group. The role focuses on underwriting and managing a portfolio of criticized loans across C&I and Real Estate, partnering with workout officers to drive loan restructurings and risk mitigation.

Responsibilities include preparing loan packages, credit analyses, and reporting, while ensuring covenant compliance, timely renewals, and effective liaison with attorneys, customers, and internal teams.

Qualifications

• Bachelor's degree in Business, Accounting, Finance, Economics or equivalent.
• Previous experience in servicing distressed portfolios of commercial loans.
• 2+ years of prior Commercial Credit Analysis experience.
• Formal Credit Training highly preferred.

Responsibilities

• Monitors current loans and credit lines to ensure compliance with terms.
• Monitors and maintain tracking of existing loans for covenant compliance.
• Works with Senior PM to facilitate borrower financial reporting submissions to Bank
• Working with Senior PM, workout officers, manage and maintain an assigned portfolio of classified assets.
• Work with senior PM in preparation of loan packages for loan restructure approval, including submission to Special Asset Committee.
• Prepare credit analysis in accordance with LUAG for existing relationships with special emphasis on loan restructuring and risk mitigation.
• Work with senior PM in assisting workout officers in the preparation of Watched Asset Reports & Classified Assets Reports as needed.
• Work with senior PM on maintain timely renewals of loan maturities for assigned portfolio of criticized assets.
• Work with Senior PM to ensure the timely completion of credit file updates
• Assists Senior PM in acting as a liaison between workout officers and attorneys, customers, consulting groups, appraisers, etc.
• Provides assistance in coordinating pre-closing activities.
• Assisting in the resolution of customer inquiries and problems.
• Assisting the officers with operational/administrative issues.Possess a working knowledge of the Horizon system & BI Reports.

Skills

Commercial Credit Analysis

Risk Mitigation

Loan Restructuring

Financial Reporting

Communication with borrowers

Education

Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent

Tools

Horizon system

BI Reports

Job description

Rockland Trust is seeking a Special Assets Portfolio Manager to join the Special Asset Group. The role focuses on underwriting and managing a portfolio of criticized loans across C&I and Real Estate, partnering with workout officers to drive loan restructurings and risk mitigation.

Responsibilities include preparing loan packages, credit analyses, and reporting, while ensuring covenant compliance, timely renewals, and effective liaison with attorneys, customers, and internal teams.