Portfolio Manager II

5 days ago


Lynn, Massachusetts, United States Eastern Bank Full time
About the Role

We are seeking a highly skilled Portfolio Manager II - Asset Management to join our team at Eastern Bank. As a key member of our Asset Management team, you will play a critical role in supporting our Managed Assets Relationship Managers to reduce credit exposure to the Bank.

Key Responsibilities

As a Portfolio Manager II - Asset Management, you will be responsible for:

Reporting and Covenant Tracking
  • Manage Monthly/Quarterly Reporting: Oversee and coordinate the completion of Managed Action Plans (MAPs) reporting, assist in the impairment process, and QC the monthly Watch list reporting.
  • Assist in Completion of Large Substandard Report: Assist in the completion of the Large Substandard Report.
Financial Reporting and Covenant Tracking
  • Review Overdue Financials and Exceptions: Review overdue financials and exceptions monthly.
  • Coordinate Updates/Corrections Database: Coordinate updates and corrections to the database.
  • Report Regularly on Status: Report regularly on the status to the Relationship Manager and Team Leader.
Credit Analysts and Renewal/Approval Backlog
  • Monitor Expiration Dates: Monitor all expiration dates 90 days ahead.
  • Schedule Analyst Workflow and Priorities: Schedule analyst workflow and priorities.
  • Provide Senior Credit Analyst Support: Provide senior credit analyst support as needed.
  • Underwrite Credits as Needed: Underwrite credits as needed.
Conforming ABL Credits and BBCs
  • Evaluate Collateral Position: Evaluate the collateral position monthly.
  • Prepare Monthly Conformity Chart: Prepare a monthly conformity chart on each credit.
  • Coordinate Loan Operations Availability: Coordinate loan operations availability per monthly BBC.
  • Coordinate Field Exams: Coordinate field exams and summarize exam results for the committee.
Backup to Relationship Managers/Relationship Administrators
  • Assist the Team During Vacations/Absences: Assist the team during vacations and absences as necessary.
  • Approve Overdrafts & Wires: Approve overdrafts and wires as necessary.
  • Provide Service Support: Provide service support as necessary.
Credit Risk Review Liaison
  • Oversee and Coordinate Responses: Oversee and coordinate responses to outstanding items/issues.
  • Monitor Action Steps for Remediation: Monitor action steps for remediation.
  • Work with Senior Credit Officer: Work with the Senior Credit Officer as needed regarding policy, etc.
Requirements

To be successful in this role, you will need:

  • Formal Credit Training: Formal credit training is required.
  • Commercial Lending or Portfolio Management Experience: 2 to 5 years of work-out experience, commercial lending, or portfolio management experience is required.
  • Sound Working Knowledge: A sound working knowledge of commercial loan analysis and/or the legal collection process is required.
  • Strong Analytical and Credit Judgment Skills: Evidence of strong analytical and sound credit judgment skills is required.
  • Excellent Communication Skills: Outstanding oral and written communication skills are required.
  • Attention to Detail: A detailed-oriented and well-organized individual who can work independently and consistently is required.
  • Strong Customer Service Skills: Strong and persuasive customer service skills are required.
  • PC Skills: Strong PC skills are required.


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