Commercial Portfolio Manager
3 weeks ago
The Portfolio Manager role is a credit-oriented position that reports directly to the Commercial Credit Officer. This role involves supporting designated Lending Officers and utilizing credit skills to underwrite and manage a portfolio of loans. Performance reviews are prepared by the Commercial Credit Officer with input from the Regional Manager and Lending Officers. The office location is Burlington, and the schedule is flexible.
Responsibilities:
• Independently evaluate loan structure and underwriting exposure, ensuring compliance with bank requirements.
• Possess a thorough knowledge of the Bank's Loan Underwriting and Administration Guidelines (LUAG) and Credit Policy.
• Manage the approval and commitment process, ensuring compliance with Credit Policy and accuracy of documents and supporting exhibits.
• Proactively manage credit risk and exposure for an assigned portfolio, initiating credit modifications and risk rating upgrading/downgrading.
• Maintain timely renewals of loan maturities for assigned lending teams.
• Manage Covenant Compliance by monitoring, testing, and preparing waivers and reservation of rights letters when required.
• Facilitate borrower financial reporting submissions to the Bank, evaluating financial performance and determining an appropriate risk rating.
• Identify early client risk/exposure, early detection of volatile industries and markets for assigned portfolios within designated regions.
• Ensure timely completion of credit file updates.
• Collaborate in coordinating pre-closing activities.
• Interact with existing customers and prospects on credit or risk-related matters, identifying cross-sell opportunities.
Qualifications:
• Ability to make lending recommendations based on analysis of the borrower's capacity to repay, collateral, management ability, and character.
• Demonstrates an understanding and proficiency in working with loan documentation.
• Ability to conduct diligence sessions with borrowers as needed to develop information and determine whether the loan would be an acceptable risk to the Bank.
• Act as a Liaison between assigned lending teams and the Credit Administration/Operations Department.
Requirements:
• Three or more years of credit underwriting and portfolio management experience, preferably in cash flow lending and sponsor finance.
• Bachelor's Degree in Business, Accounting, Finance, Economics, or equivalent.
• Formal Credit Training preferred.
• Ability to utilize deductive and inductive reasoning to solve problems.
• Ability to understand new information and apply it for future problem-solving and decision-making.
Benefits:
Rockland Trust offers a comprehensive benefits package and a supportive work environment. Benefits include competitive compensation, performance incentive awards, health insurance, dental insurance, a 401K and DC Plan for retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance, an award-winning Wellness program, and more.
Equal Opportunity Employer:
Rockland Trust is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.
Reasonable Accommodations:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
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