Impactful Commercial Portfolio Manager

Newburyport Bank; Newburyport (MA); Presencial; USD 90.000 - 140.000; Jornada completa

Descripción de la vacante

Newburyport Bank in Massachusetts seeks a Portfolio Manager to oversee Commercial Portfolio management, working with Lenders and the Commercial Loan Administrator to uphold credit quality and risk controls.

The role requires evaluating loan documentation, monitoring covenants, renewals, and maturities, and maintaining strong client relationships. Excellent communication and regulatory knowledge are essential for success in a community banking environment.

Formación

• Bachelor's degree required, preferably in accounting, finance, economics, or business administration.
• Minimum of three years of credit experience, with demonstrated commercial credit knowledge and skills.
• Basic experience with loan origination software (LOS) preferred, along with a working knowledge of commercial deposit and treasury products.
• Proficiency in Microsoft Office and related applications, including word processing, spreadsheets, presentations, and email.
• Excellent written and verbal communication skills, with the ability to interact professionally and effectively.
• Demonstrates the maturity, professionalism, and interpersonal skills necessary to work closely with customers, employees, vendors, and members of the Board of Directors.

Responsabilidades

• Supports Commercial Lenders throughout the loan approval and underwriting process by gathering required information, preparing documentation, and ensuring loan terms comply with Bank credit policies and applicable banking regulations.
• Manages loan renewals, extensions, and maturities, ensuring lines of credit and maturing loans are approved, booked, or extended before expiration.
• Prepares and reviews internal and external loan documentation, including term sheets, applications, appraisal bid requests, call memos, commitment letters, post-closing memos, and loan modifications, ensuring accuracy and consistency.
• Monitors existing loan portfolios by analyzing financial performance, tracking financial covenants, identifying covenant violations, and coordinating waiver requests with the Lender when necessary.
• Oversees construction loan activity by monitoring project progress, tracking borrowings against remaining availability, and confirming compliance with Bank requirements.
• Reviews portfolio risk ratings for consistency, initiates rating changes when appropriate, and prepares Watched Asset Reports for loans downgraded below a 6 rating in accordance with quarterly reporting requirements.
• Prepares commentary on changes in financial performance, covenant compliance, and other portfolio concerns requiring additional explanation or follow-up.
• Supports internal and external examinations and works with Commercial Lenders in managing existing portfolios, ongoing sales activities, and loan approvals.
• Establishes and maintains relationships with current and prospective clients through engagement and collaboration with Commercial Lenders.
• Coordinates with Commercial Loan Administration (CLA) regarding overdraft decisions and necessary follow-up.
• Maintains current knowledge of Bank products, services, policies, procedures, and applicable regulatory and compliance requirements by attending team meetings, completing required training on schedule, and applying knowledge to daily responsibilities.
• Ensures compliance with applicable federal and state laws, regulations, and Bank policies, including the Bank Secrecy Act (BSA) as applicable, by preventing violations, minimizing risk, and safeguarding the Bank's interests.

Conocimientos

Credit analysis

Commercial lending

Financial statement analysis

Excel & Office

Verbal & written communication

Customer interaction

Educación

Bachelor's degree in accounting, finance, economics, or business administration

Herramientas

LOS (Loan Origination Software)

Microsoft Office

Descripción del empleo

Newburyport Bank in Massachusetts seeks a Portfolio Manager to oversee Commercial Portfolio management, working with Lenders and the Commercial Loan Administrator to uphold credit quality and risk controls.

The role requires evaluating loan documentation, monitoring covenants, renewals, and maturities, and maintaining strong client relationships. Excellent communication and regulatory knowledge are essential for success in a community banking environment.