Portfolio Manager

Northern Bank; Woburn (MA); On-site; USD 75,000 - 95,000; Full time

Job summary

Northern Bank in Massachusetts is seeking a Portfolio Manager to oversee credit risk and management of commercial lending relationships. You will independently analyze borrower performance, credit structure, and compliance to support risk-aware credit decisions.

You will produce executive-level updates, monitor delinquencies and renewals, and collaborate with Lending, Risk, Legal, and Finance to drive proactive risk mitigation using modern analytics and AI-enabled tools.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, or related field.
• Minimum of 2 years experience in commercial underwriting, credit risk, or portfolio management.
• Strong analytical skills and independent judgment.
• Proficient in Microsoft 365 with strong Excel and Word; able to summarize complex credit data.
• Familiarity with AI-enabled tools for financial analysis and reporting.
• Excellent written and verbal communication to present to senior management.
• Ability to manage multiple priorities and deadlines.

Responsibilities

• Underwrite and review commercial lending relationships of medium-to-high complexity.
• Analyze borrower statements, cash flow, collateral, guarantors, and covenants.
• Validate risk ratings and identify migrations and early warnings.
• Monitor portfolio delinquencies, renewals, and covenant exceptions.
• Ensure documentation and file management for credits.
• Provide executive-level reporting on portfolio risk and trends.
• Collaborate with Lending, Risk, Legal, Finance, and Operations to mitigate risk.

Skills

Analytical skills

Independent judgment

Microsoft 365 (Excel/Word)

Communication skills

AI-enabled tools familiarity

Education

Bachelor’s degree in Business/Finance/Accounting or related field

Tools

Microsoft 365

Excel

Word

Job description

SUMMARY/OBJECTIVE

The Portfolio Manager is responsible for the ongoing credit risk oversight and portfolio management of the Bank’s commercial lending relationships. This role independently analyzes borrower financial performance, credit structure, compliance, and risk trends to assess the quality of existing credits. The Portfolio Manager develops well‑supported conclusions and delivers concise, executive‑level reporting to support proactive risk management, policy adherence, and informed credit decision‑making.

ESSENTIAL FUNCTIONS

Credit Analysis & Risk Oversight

• Independently underwrite and review existing commercial lending relationships of medium‑to‑high complexity in accordance with Bank credit policy.
• Analyze borrower financial statements, global cash flow, collateral, guarantor support, and covenant compliance to assess ongoing credit risk.
• Validate risk ratings and identify credit migration, weaknesses, and early warning indicators.

Portfolio Monitoring & Administration

• Monitor the commercial loan portfolio, including delinquencies, covenant exceptions, past‑due trends, maturity tracking, line of credit renewals, and construction status reporting.
• Complete annual reviews and letter of credit and line of credit renewals in a timely and accurate manner.
• Ensure accurate and complete credit file documentation and maintain document management records for commercial relationships.
• Manage the process to request, collect, and store borrower financial and credit‑related documentation.

Risk Governance & Reporting

• Assess adherence to internal credit policies and loan administration procedures; maintain working knowledge of applicable State and Federal regulations.
• Provide independent challenge and insight on deteriorating credits, and risk ratings.
• Identify emerging credit risk trends and concentration risks across the commercial portfolio.
• Deliver concise, executive‑level reporting on portfolio risk, trends, and problem assets.

Collaboration & Continuous Improvement

• Partner with Lending, Credit Risk, Legal, Finance, and Operations to support proactive risk mitigation strategies.
• Participate in ongoing process improvement and portfolio risk management initiatives.
• Leverage productivity, analytical, and automation/AI‑enabled tools to improve efficiency, consistency, and insight while adhering to Bank governance and model risk standards.

JOB QUALIFICATIONS

• Bachelor’s degree in Business, Finance, Accounting, or a related field required; equivalent experience may be considered.
• Minimum of 2 years of experience in commercial underwriting, credit risk, portfolio management, or related financial analysis.
• Strong analytical skills with the ability to exercise independent judgment and develop defensible credit conclusions.
• Advanced proficiency in Microsoft 365, with strong Excel and Word skills and the ability to analyze, summarize, and present complex credit information clearly.
• Familiarity with productivity, automation, or AI‑enabled tools used in financial analysis, reporting, or workflow efficiency.
• Excellent written and verbal communication skills, including the ability to present concise, well‑supported credit assessments to senior management.
• Demonstrated ability to manage multiple priorities, meet recurring deadlines, and adapt to evolving portfolio risk conditions.

The annual salary range for the Portfolio Manager is $75,000 - $95,000 per year and commensurate with experience.

About Northern Bank & Trust Company

Northern Bank is a full‑service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands‑on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).