Portfolio Manager I

Make Your Move; United States; On-site; USD 82,000 - 131,000; Full time

Benefits offered by this job

Medical, dental, and vision

FSA / HSA

401(k) matching

Tuition reimbursement

Employee referral program

Holiday reception

Summer family outing

Job summary

Salem Five is seeking a seasoned Commercial/Credit Analyst to manage a commercial loan portfolio from the Salem, MA office. You will review borrower reporting, monitor covenants, and assist lenders with renewals and new money requests while ensuring compliance with loan policies.

The role requires 2–3 years of related experience, a business-focused bachelor’s degree, and strong credit skills. Travel to store, client, and events may be required.

Qualifications

• Minimum 2–3 years related commercial/credit analysis experience.
• Bachelor’s degree with a business concentration.
• Formal credit training strongly desired.

Responsibilities

• Maintain and service a commercial loan portfolio.
• Monitor borrower reporting and covenant compliance.
• Support loan renewals, extensions, and modifications.
• Assist underwriting with timely information.
• Review loan documents and understand documentation.
• Assist with client calls to develop bank relationships.
• Support regulatory examinations and audits.
• Collaborate with other bank areas.
• Ensure compliance with banking laws and policies.
• Communicate with external constituents and meet client requests.

Skills

Strong credit skills

Independent work

Multitasking

Tech proficiency

Education

Bachelor's degree in business

Tools

NextGen system

Job description

Salem Five is a growing regional financial services organization with a rich history of over 170 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Salem, MA office.

Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we’re all about.

JOB DUTIES AND RESPONSIBILITIES include, but are not limited to the following:

• Maintain and service a commercial loan portfolio assigned by the Team Leader.
• Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio.
• Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio.
• In concert with Lender, assist with loan renewals, extensions, modifications, and file comments on a timely basis and in compliance with loan policy.
• Support underwriting staff by providing proper information when appropriate.
• Review legal documents and build understanding of loan documentation, with oversight and support.
• Build familiarity with loan structuring and incoming new money requests.
• Accompany Lenders on client or prospect calls to further develop bank relationships.
• Assist with regulatory examinations and compliance reviews to ensure satisfactory audit findings.
• Work collaboratively and effectively with other areas of the Bank.
• Demonstrate compliance with business banking laws and regulations as defined in company policies and procedures pertinent to the position.
• Communicate with external constituents; exhibit a sense of urgency toward meeting client requests.
• Promote the company's presence through active participation and attendance at various trade events.
• Project and maintain a professional image in the marketplace.
• Demonstrate regular attendance as is essential to this position.
• Assume additional responsibilities as requested.

SKILLS

• Strong credit skills.
• Ability to work independently and directly with lenders.
• Required to mult-task (lenders/clients) as it relates to collection of required financial information.
• Good with technology and systems; ability to develop a solid understanding of the Bank’s NextGen system.

EDUCATION and/or EXPERIENCE

Successful candidate should possess a minimum of 2 - 3 years related commercial/credit analysis experience in addition to a bachelor’s degree with a business concentration or combination of the above. Formal credit training strongly desired.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. Employee is required to travel to store, client and other locations and participate in business and community events.

Benefits/Incentives:

• We offer a comprehensive benefits package designed to support your well‑being and success, including medical, dental, and vision coverage; Flexible Spending and Health Savings Accounts; 401(k) matching; and tuition reimbursement.
• You will also enjoy additional perks such as our employee referral program, annual holiday reception, summer family outing, and more.

Salary Range:

$81,987.00 to $131,179.00

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, and performance. This range may be modified in the future.

No unsolicited resumes accepted from agencies.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.