Special Assets Portfolio Manager

20 hours ago

Peabody MA United States Rockland Trust Full time

Rockland Trust is currently seeking a Special Assets Portfolio Manager to join our Special Asset Group. The incumbent, whose role is "credit orientated" reports to the SAG Manager and is accountable to the Chief Credit Officer. The SAG Officer will utilize their credit skills to underwrite and manage a portfolio of criticized loans for both C&I and Real Estate loans. The incumbent will work with the junior PM, SAG Officer, and workout officers that service a wide variety of criticized commercial loans. Will assist the SAG Manager and senior SAG PM on specific projects as requested from the SAG Group.


Essential Functions:

  • Monitors current loans and credit lines to ensure compliance with terms.
  • Monitors and maintain tracking of existing loans for covenant compliance.
  • Works with Senior PM to facilitate borrower financial reporting submissions to Bank
  • Working with Senior PM, workout officers, manage and maintain an assigned portfolio of classified assets.
  • Work with senior PM in preparation of loan packages for loan restructure approval, including submission to Special Asset Committee.
  • Prepare credit analysis in accordance with LUAG for existing relationships with special emphasis on loan restructuring and risk mitigation.
  • Work with senior PM in assisting workout officers in the preparation of Watched Asset Reports & Classified Assets Reports as needed.
  • Work with senior PM on maintain timely renewals of loan maturities for assigned portfolio of criticized assets.
  • Work with Senior PM to ensure the timely completion of credit file updates
  • Assists Senior PM in acting as a liaison between workout officers and attorneys, customers, consulting groups, appraisers, etc.
  • Provides assistance in coordinating pre-closing activities.
  • Assisting in the resolution of customer inquiries and problems.
  • Assisting the officers with operational/administrative issues.
  • Possess a working knowledge of the Horizon system & BI Reports.

Core Competencies:

  • Will act as a Liaison between the SAG team working with senior SAG PM and the Credit Administration, Loan operations and servicing groups.
  • Assist in the communications with existing loan customers as needed to obtain information concerning their business, needs, abilities and earnings to determine risk mitigation strategies to prevent losses for the bank.
  • The candidate shall understand the process as guided by SAG officers to make restructuring and risk mitigation strategies to prevent bank losses, which are based on their analysis of the business' financial condition, cash flow, capacity, collateral and its ability to repay.

Qualifications:

  • Bachelors Degree in Business, Accounting, Finance, Economics or equivalent
  • Previous experience in servicing portfolios of commercial loans.
  • 4 years of prior Commercial Credit Analysis experience
  • Formal Credit Training preferred

Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more

At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, marital status, national origin, disability status, protected veteran status, or any other characteristic protected by law.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


#J-18808-Ljbffr

  • Head of Portfolio

    4 weeks ago

    Boston, MA, United States Rhino Capital Advisors Full time

    Position: Head of Portfolio and Asset Management Reports to: Managing PrincipalLocation: Boston, MA Company Background:Rhino Capital Advisors LLC is a privately held Boston-based investment management firm. Since its founding, the firm has acquired over $750 million of real estate across more than 2.8 million square feet. The firm has a diverse existing...

  • Portfolio/Asset Management Analyst

    4 weeks ago

    Gilbert, AZ, United States Roots Management Group Full time

    Who we areRoots Management Group is a manufactured housing community (MHC) investment platform and management company. Our mission is to help increase the availability of best-in-class housing options people can afford. We accomplish that by acquiring, investing in, and operating manufactured housing communities. We prioritize communication, empowerment,...

  • Commercial Portfolio Manager

    4 weeks ago

    Peabody, MA, United States Rockland Trust Full time

    Rockland Trust is looking for a Commercial Portfolio Manager to join the team in Peabody.DescriptionThe Portfolio Manager role is credit orientated reporting on a solid-line basis to the Commercial Credit Officer. Portfolio Managers are typically assigned to and support specifically designated Lending Officers and their respective loan portfolios....

  • Asset Manager

    2 weeks ago

    Austin, TX, United States Michael Page Full time

    Michael Page has partnered with a respected real estate investment firm based in the Austin area who are looking for an Associate / Asset Manager to support their commercial real estate platform. **CAN BE BASED ANYWHERE IN TX**Client DetailsA highly entrepreneurial investment firm focused on value-added and opportunistic real estate investments across...

  • Portfolio Manager

    4 weeks ago

    Palm Beach Gardens, FL, United States Carmen Carbone Leadership Development & Recruiting Full time

    Who We AreOur client specializes in leasing and financing aircraft and engines for a global clientele, including airlines, financial institutions, and MROs. We pride ourselves on delivering tailored solutions that meet the complex needs of our clients.The OpportunityAviation Portfolio ManagerJA leader in commercial aircraft and engine finance, as an Aviation...

  • Analyst, Asset Management

    19 hours ago

    Boston, MA, United States RELATED Full time

    Responsibilities The Analyst, Asset Manager will be an integral part of the Asset Management Team ("AM Team") responsible for executing the business plan for a portfolio of affordable multi-family assets owned by Related Affordable. This role will support the Lead Asset Manager in various tasks related to assessing market conditions, operations, property...

  • Associate / Asset Manager

    2 weeks ago

    Austin, TX, United States Michael Page Full time

    Michael Page has partnered with a respected real estate investment firm based in the Austin area who are looking for an Associate / Asset Manager to support their commercial real estate platform. Client DetailsA highly entrepreneurial investment firm focused on value-added and opportunistic real estate investments across various commercial asset types. With...

  • Sr. Asset Manager, Commercial Real Estate

    21 hours ago

    Chicago, IL, United States Northern Trust Corp Full time

    Sr. Asset Manager, Commercial Real Estate (Special Assets) About Northern Trust: Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889. Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals,...

  • Associate Director of Asset Management

    4 weeks ago

    Boston, MA, United States Codman Square Neighborhood Development Corporation Full time

    Codman Square Neighborhood Development Corporation (CSNDC) seeks an Associate Director of Asset Management to join our talented real estate and asset management team. CSNDC is an ambitious NeighborWorks nationally sponsored organization. We have been working in the Codman Square and South Dorchester neighborhood of Boston for 40 years, with a focus on issues...

  • Associate Portfolio Management

    4 weeks ago

    Dallas, TX, United States Dalfen Industrial LLC Full time

    Dalfen Industrial is looking for an Associate Portfolio Manager to join the Dallas team. This role will be responsible for strategic planning, financial analysis, reporting, and overall fund management. The Associate Portfolio Manager will report to the VP of Portfolio Management.Position ResponsibilitiesPortfolio Strategy: Track investment objectives, asset...

  • Associate Asset Manager

    4 weeks ago

    Sausalito, CA, United States 38 Degrees North Full time

    Associate Asset Manager at 38 Degrees North Location: Sausalito, CA (on-site); remote considered.Founded in 2015 and based in Sausalito, California, 38 Degrees North (38DN), is an established platform focused on advancing distributed renewables solutions, serving as a development partner, asset owner, and operator. The founders have a track record of over...

  • Portfolio Advisor

    21 hours ago

    Boston, MA, United States Natixis Investment Managers Full time

    The Portfolio Advisor is able to build effective internal working relationships with team members in various geographic locations and departments (product specialists, sales, and affiliates). The Advisory team within Natixis Investment Managers Solutions (NIMS) is global with members in London, Paris, and Singapore. Being self-motivated and able to work...

  • Commercial Portfolio Manager

    2 months ago

    Peabody, United States Rockland Trust Full time

    Rockland Trust is looking for a Commercial Portfolio Manager to join the team in Peabody.DescriptionThe Portfolio Manager role is credit orientated reporting on a solid-line basis to the Commercial Credit Officer. Portfolio Managers are typically assigned to and support specifically designated Lending Officers and their respective loan portfolios....

  • Asset Management Analyst

    4 weeks ago

    Boston, MA, United States Keller Augusta Full time

    Company Overview:Our client is a vertically integrated real estate investment, development and management firm that delivers maximum value for its investors and tenants across a diversified portfolio by leveraging over five decades of experience, a strong leadership team, and talented employee base. Headquartered in Boston, the firm invests across the United...

  • AVP, Special Assets

    20 hours ago

    , IL, United States Wintrust Financial Corporation Full time

    AVP, Managed Assets Division Apply locations Rosemont, IL time type Full time posted on Posted Yesterday job requisition id 24752 Wintrust is a financial holding company with approximately $50 billion assets under management and traded on the NASDAQ:WTFC. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large...

  • Asset Manager

    21 hours ago

    Portland, OR, United States Bridge Housing Corporation Full time

    ASSET MANAGER Summary The Asset Manager (AM) is responsible for a portfolio of approximately 40 properties and serves as the primary contact for the portfolio’s investors and lenders. The portfolio includes a mix of property and financing types, including a number of public housing properties. The AM acts as the representative of the owner of each...

  • Asset Manager, Commercial Real Estate Lending

    4 weeks ago

    Boston, MA, United States UC Funds Full time

    ** ONLY EMAIL CAREERS@UCFUNDS.COM with resume.Job Description:UC Funds, a fast-paced boutique private equity real estate firm located in Boston, is looking for a talented Asset Manager to join their team. This individual will be responsible for the management of a portfolio of Real Estate assets and loans throughout the country. Job...

  • Manager/Sr. Manager

    19 hours ago

    Los Angeles, CA, United States Affinity Executive Search Full time

    Purposes: Supporting portfolio and asset commercial management for power plant / Battery storage assets owned and operated by Company. Responsibilities: Invoicing & reconciliation: Support in preparing and reconciling monthly invoices to various counterparties. Budget control & reporting: Support in preparing annual budgets, proforma, presentations, monthly...

  • Special Assets Officer

    4 weeks ago

    Hicksville, NY, United States Flagstar Bank Full time

    Pay Range: 155K - 193K JOB SUMMARY The Special Assets Officer manages a portfolio of Classified C&I and commercial real estate/multifamily loans and assists with reporting and litigation matters. Collaborates/works with Special Assets Team Leads and Officers while supporting efforts to preserve principal and prevent charge-offs. Maintains compliance with...

  • Credit Special Situations and Workouts Lead

    1 month ago

    Boston, MA, United States MassMutual Full time

    The OpportunityThe Credit Special Situations and Workout Lead will be primarily responsible for the evaluation, analysis, restructuring, and on-going monitoring of distressed and/or non-performing assets held in MassMutual's General Investment Account (GIA) with the aim of minimizing losses and maximizing returns. The role will be responsible for GIA...