Senior Commercial Portfolio Manager

Reading Co-Operative; Reading (MA); On-site; USD 124,000 - 153,000; Full time

Job summary

Reading Cooperative Bank is seeking a Commercial Portfolio Manager to own a portfolio of commercial relationships, underwriting loans, and working directly with clients in the Reading, MA area. You will help lenders structure new loans, monitor covenants, and manage renewals while engaging on site with borrowers and prospects.

The role covers CRE, C&I, construction and small business lending, with a clear path toward a Commercial Lender role.

Qualifications

• Ability to analyze business and personal financial statements and tax returns and assess repayment capacity.
• Strong written and verbal communication skills; comfortable in front of clients.
• Bachelor's degree in business, finance, accounting, or related field preferred.
• A minimum of 3-5 years of commercial credit, underwriting, or portfolio management experience.

Responsibilities

• Manage an assigned portfolio of commercial relationships, including CRE, C&I, construction, lines of credit, and term loans.
• Obtain annual financial information from clients; track financial reporting and covenant compliance.
• Analyze financials on existing relationships and prepare annual review and update memos.
• Manage maturities, renewals, extensions, modifications, and rate changes to avoid administrative past dues.
• Monitor past dues, overdrafts, and borrowing base certificates; identify early warning signs and potential problem loans.
• Conduct property inspections (as needed) and coordinate construction loan advances on assigned credits.
• Report regularly on portfolio status to the Team Leader.
• Analyze and underwrite new loan requests and renewals: cash flow, collateral, spreads, guarantor strength, and market analysis.
• Assist lenders in preparing pre‑deals, loan memorandums, and credit presentations for approval.
• Discuss deal structure, cash flow, collateral, and borrower character with lenders; recommend alternative structures or products where appropriate.
• Determine whether requests comply with RCB credit policy and clearly identify exceptions and mitigants.
• Work with attorneys, CPAs, appraisers, and other professionals to support underwriting and closing.
• Handle smaller commercial and small business requests directly, from application through closing, up to $250,000 through streamline process.

Skills

Credit analysis

Financial statement analysis

Client communication

Independent work

Team player

MS Office

Spreading software

Bilingual English/Spanish

Education

Bachelor's degree in business/finance/accounting

Commercial credit training

Tools

Spreading software

Microsoft Office

Job description

Reading Cooperative Bank is seeking a Commercial Portfolio Manager to own a portfolio of commercial relationships, underwriting loans, and working directly with clients in the Reading, MA area. You will help lenders structure new loans, monitor covenants, and manage renewals while engaging on site with borrowers and prospects.

The role covers CRE, C&I, construction and small business lending, with a clear path toward a Commercial Lender role.