Portfolio Manager

Beacon Bank; Boston (MA); On-site; USD 55,088 - 102,474; Full time

Job summary

Beacon Bank in Boston seeks a Credit Underwriter to analyze and underwrite commercial and investment real estate deals, supporting due diligence and closing processes.

Role includes managing a loan portfolio, monitoring covenants, and coordinating with Relationship Managers and auditors. Requires a bachelor’s degree in a relevant field and strong communication skills.

Qualifications

• Bachelor’s degree in relevant field.
• Formal credit training preferred.
• Prepare loan memorandums consistently with minimal supervision.
• Excellent written and oral communication skills.
• Proficient with Microsoft Office, Moody’s Credit Lens, and ideally nCino.
• Be familiar with the Bank’s credit policy and underwriting standards.

Responsibilities

• Analyze and underwrite commercial and investment real estate deals.
• Assess credit requests using applications, financial statements, tax returns, and appraisals.
• Discuss deal structure, cash flow, collateral, and character with Relationship Manager.
• Prepare deal screen memos, term sheets, and commitment letters.
• Present written loan memorandums for approvals.
• Ensure requests comply with Bank policy and note exceptions.
• Collaborate with attorneys and CPAs during underwriting and closing.

Skills

Analytical thinking

Excellent communication skills

Underwriting knowledge

Risk assessment

Education

Bachelor’s degree in relevant field

Formal credit training

Tools

Moody’s Credit Lens

nCino

Microsoft Office Suite

Job description

Division: Beacon Bank & Trust

Department: Commercial Lending

Reports to: Credit & Portfolio Admin Director

Status: Exempt/Officer

Pay Grade: 10

Salary Range: $55,588 - $102,474

Salary range updated 4/10/2026. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location: Boston, MA

Principal Objective

To analyze and underwrite credit requests for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.

Principal Duties and Responsibilities

Credit Underwriting

• Experience analyzing and underwriting Commercial and Investment Real Estate deals.
• Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, financial spreads, financial statements, tax returns, credit bureaus, appraisals, web research and other resources as necessary.
• Discuss deal structure, cash flow, collateral, and customer character with Relationship Manager (RM). Recommend alternative credit structures or products where appropriate.
• Assist the RM with preparing deal screen memos, term sheets and commitment letters.
• Present analysis in written loan memorandums for appropriate approvals and present as directed to the appropriate approval authority.
• Determine if request is in compliance with Bank policy and note exceptions.
• Interact with attorneys and financial professionals including CPA’s, CFO’s, etc. as needed to assist in the underwriting and closing process.

Portfolio Management

• Manage existing portfolio of customers by tracking and underwriting loan renewals and annual reviews.
• Compliance monitoring of financial covenants and borrowing base certificates. Maintain financial statement and covenant compliance tracking database with updated information as needed.
• Preparation for internal and external audit requests.
• Identify potential problem loans and deficiencies.
• Accompany RM on customer and prospect calls and interact extensively with customers in person and over the phone. Assist customers when needed with questions regarding loans and retail products.
• Work closely with Loan Administration and other areas of the Bank to meet customer needs in a timely manner.

Job Specifications (Skills, Knowledge And Abilities Required)

• Bachelor’s degree in relevant field
• Formal credit training is preferred
• Prepare loan memorandums consistently with minimal supervision
• Excellent written and oral communication skills
• Extensive knowledge of Microsoft Office Suite products, Moody’s Credit Lens, and nCino (preferably)
• Performs other related duties as required or directed
• Be well versed in the Bank’s credit policy and underwriting standards

Behavioral Skills

• Consistently demonstrate behaviors associated with Beacon Bank’s Core Four values: adaptability, accountability, leadership, and teamwork.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time.

Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin.

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