Commercial Portfolio Manager

4 days ago


Newburyport, Massachusetts, United States Newburyport Five Cents Savings Bank Full time
Job Description

Newburyport Five Cents Savings Bank is seeking a highly skilled Commercial Portfolio Manager to join our team.

Key Responsibilities
  • Manage commercial portfolio loans, ensuring compliance with credit policy and banking regulations.
  • Assist lenders in managing the approval process, ensuring all required information has been received for proper underwriting.
  • Renew or extend lines of credit or maturing loans prior to expiration/maturity.
  • Analyze and track financial covenants outlined in legal documents.
  • Identify covenant violations and manage waiver process when initiated by the lender.
  • Monitor construction projects and track borrowings versus remaining availability.
  • Monitor portfolio to identify inconsistent grading and initiate grade changes when required.
  • Draft Watched Asset Reports when downgrading loans below a 6 rating.
  • Prepare internal and external documents, including term sheets and loan modifications.
Customer Support
  • Establish and maintain relationships with current and prospective clients.
  • Assist in customer correspondence, including drafting proposal/commitment letters and covenant waivers.
  • Assist with customer service issues or problem resolution.
Requirements
  • Bachelor's Degree in accounting, finance, economics, or business administration.
  • Minimum of 3 years of commercial credit/banking and/or related experience.
  • Ability to assess financial performance and risk.
  • Knowledge of commercial loan and deposit/treasury products.
  • Excellent verbal and written communication skills.


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