Private Banking Manager - Boston, MA

Berkshire Bank; Boston (MA); On-site; USD 115,000 - 212,000; Full time

Job summary

Beacon Bank seeks a Private Banking Manager (SVP) in Boston to provide concierge service for affluent clients, crafting customized credit and deposit solutions and growing loan outstandings through the Trust Advantage Lending Program.

You will supervise underwriting, coordinate with Private Banker and Credit, and mentor staff while ensuring policy compliance and high-quality client interactions.

Qualifications

• Bachelor's degree and an advanced degree in a relevant field.
• Minimum five years of commercial credit experience.
• Strong analytical and communication skills with attention to detail.

Responsibilities

• Supervise the analysis and underwriting of credit requests promptly.
• Ensure requests comply with Bank policy and note exceptions.
• Discuss deal structure, cash flow, collateral, and client character with team.
• Meet clients with Private Banker and support calls in person or by phone.
• Coordinate with CPAs, CFOs, and others to underwrite credit memos.
• Present written analyses and participate in Loan Committee discussions.
• Oversee portfolio management, collateral tracking and annual reviews.

Skills

Math skills

Analytical thinking

Problem solving

Written communication

Oral communication

Public speaking

Upselling

Customer service

Education

Bachelor's degree

Advanced degree

Tools

MS Excel

MS Word

Job description

Officer: SVP

Division: Commercial

Department: Private Banking

Reports to: Director of Private Banking

Status: Exempt

Grade: 14

Pay Range: $115,297-$212,491

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

Purpose/Objective

The Private Banking Manager offers concierge level service to affluent clients and Wealth Management firms with sophisticated banking needs by offering customized credit and deposit solutions. Drive deposit growth to lower the bank's overall cost of funds and increase cross sell penetration. The Private Banking Manager will increase loan outstandings with continued growth of the Trust Advantage Lending Program to increase revenue and profitability of the Bank.

Key Accountabilities

• Supervise the analysis and underwriting of credit requests in a timely fashion
• Determine if request complies with Bank policy and note any exceptio
• Discuss deal structure, cash flow, collateral, and customer character with Private Banker, Credit and Division Executive
• Accompany Private Banker on customer calls and interact with customers in person and over the phone
• Interact with financial professionals such as CPA's, CFO's, et as needed to assist in the underwriting of credit memos and discussing new prospects
• Present written analysis and observe presentations at Loan Committee
• Supervise the management of existing portfolio by monitoring collateral; tracking and preparing annual reviews
• Supervise the tracking database, files and pipeline as needed
• Identify potential problem loans and deficiencies including document exceptions
• Assist customers when needed with questions regarding loans and retail products
• Present program attributes, to prospective client firms

Education

• Bachelor's and Advanced degree in relevant field

Experience

• Minimum of five years of commercial credit experience

Skills & Knowledge

• Good mathematical, analytical, and problem-solving/critical thinking skills
• Excellent written and oral communication skills
• Extensive knowledge of PC applications, including Excel and Word
• Be well-versed in the Bank's credit policy and underwriting standardsBe familiar with and fulfill compliance requirements
• Excellent attention to detail
• Great customer service skills
• Good public speaking and presentation skills
• Ability to find up-selling opportunities and present bank capabilities to prospects

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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