Commercial Portfolio Manager

Eastern Bank

$77K — $127K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Formally credit trained.
  • Demonstrates experience and good judgment in credit decisions and analysis.
  • Ability to coach credit analysts on skills and customer interactions.
  • 5-7 years of relevant experience.
  • Works well with limited supervision.

Responsibilities

  • Manage portfolio including financial reporting and covenant tracking.
  • Analyze existing relationships and prepare financial update memos.
  • Report on status of new loan requests and renewals.
  • Conduct cash flow assessments, collateral valuations, and spread analysis for new loan requests.
  • Assist in underwriting tasks for new loans and renewals.
  • Manage interim reports for the relationship managers' portfolio.
  • Coordinate construction loan advances for specific credits.

Benefits

  • Robust benefits package included.
  • Comprehensive retirement plan available.
  • Supportive team environment with opportunities for mentoring.
Full Job Description
Job Description

Hiring Range: $77,878 - $127,942

The posted salary range reflects Eastern's expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

Responsibilities include, but are not limited to the following:
  • Portfolio Management, including Financial Reporting and Covenant Tracking Obtaining annual financial information for files from clients Analyzing financials on existing relationships and preparing update memos
  • Report regularly on status Team Leader New Loan Requests and Loan Renewals
  • Analyze new loan requests (cash flow assessment, collateral valuation, spread analysis, guarantor assessment, etc) Research, compile, and provide market analysis relative to a credit
  • Assist in preparing/underwriting pre-deals and credit vehicles (both new loans and renewals)
  • Other Tasks:
  • Manage and update the interim report for the RMs portfolio
  • Coordinating construction loan advances on certain credits
  • Assist with Credit Risk Review tasks, including coordinate responses to CRR, monitor action steps for remediation, etc.
  • Provide Backup to other Relationship Managers/Relationship Administrators as needed
  • Assist the team during vacations/absences as necessary Provide sales & service support as necessary

Qualifications:
  • Formally Credit Trained
  • Demonstrates experience and judgment with credit decisions and analysis
  • Coach credit analysts on credit and customer interaction skills
  • 5-7 years experience Work with limited supervision


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