Commercial Portfolio Manager III

Eastern Bank

$96K — $159K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Formally credit trained with a solid understanding of financial principles.
  • Demonstrated experience in making informed credit decisions and conducting thorough analyses.
  • Ability to coach and mentor credit analysts in technical skills and client interactions.
  • 5-7 years of relevant experience in a credit or financial analysis role.
  • Proven capability to work independently with limited supervision.

Responsibilities

  • Manage portfolio, including financial reporting and covenant tracking.
  • Analyze financial statements of existing clients and prepare update memos.
  • Regularly report on the status of new loan requests and renewals.
  • Conduct in-depth analysis of new loan requests covering cash flow, collateral, and guarantor assessments.
  • Research and compile market analysis related to credit and prepare underwriting documents for loans.

Benefits

  • Robust benefits package encompassing health, wellness, and retirement options.
  • Supportive team environment with opportunities for training and professional development.
  • Potential for growth within the organization and exposure to diverse responsibilities.
Full Job Description
Job Description

Hiring Range: $96,802 - $159,032

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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