Citizens · 2 days ago
Community Development PM II
Boston, MA
Full-time
Hybrid
Senior Level, Lead/Staff
8+ years expCitizens is a financial institution focused on community development, and they are seeking a Community Development Portfolio Manager II to manage a portfolio of credits while ensuring compliance with credit policies. The role involves financial analysis, risk evaluation, and collaboration with relationship management to support existing borrowers and evaluate new debt opportunities.
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Responsibilities
Responsible for prudent underwriting and effective credit and risk administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, on-going portfolio maintenance activities, and client support for an assigned portfolio of existing credits and prospects primarily of medium to higher complexity
Responsible for ensuring overall portfolio performance and asset quality remains strong and, when necessary, surfaces issues, proposes and collaborates with others on strategies and actions to limit risk and loss to the Bank
Will monitor the performance of existing borrowers within assigned portfolio and ensure compliance with financial covenants
Responsible for performing the functions of the position with only periodic oversight and is expected to perform with minimal supervisory intervention
Evaluate debt opportunities for suitability with respect to Community Development goals, underwriting standards, and credit policy
Collaborate with RM, as needed, in preparation of TOS and commitment letter
Takes lead in underwriting process including thorough, sound risk assessment, CPS preparation and compliance with credit policy, including appropriate disclosure of exceptions
Effectively balances being thorough with being concise
Exhibits knowledge of a broad range of loan terms and conditions and understanding of loan documentation
Experience in understanding and structuring complex capital stacks, including tax credits, public grant and subsidy funding sources, including but not limited to block grants (HOME/CDBG) and HUD subsidy support (ie Section 8)
Portfolio will include a high concentration of commercial real estate construction loans
Ongoing portfolio responsibilities will include approving monthly construction loan draws and monitoring development budget for adequacy
Works in conjunction with Relationship Management to secure credit approval for all proposals
Proactively recognizes potential credit issues and collaborates with RM to articulate appropriate mitigants
Consistently adheres to all regulatory compliance requirements
Takes lead, working with RM, to negotiate loan documents and ensure loans are closed in accordance with approvals
Specific tasks may include Running financial models using a variety of formats/systems, preparing CPS/T&C/Appendices for new credit and renewal requests, Sponsor/Guarantor analyses, completion of regular compliance checks and reviewing Sources and Uses/Flow of Funds)
Oversees assigned portfolio of credits, anticipates portfolio problems, identifies and develops solutions, handles multiple demands and competing priorities, meets deadlines and schedules associated with maintaining portfolio compliance with credit and risk policies
May audit loans post closing to ensure documentation is in accordance with approval
Actively and effectively manages assigned portfolio including, but not limited to: Completing annual project and sponsor reviews; proactive proper completion and validation of credit grading models; oversees scheduled (monthly/ quarterly) covenant and financial reporting monitoring requirements; initiating follow up action in conjunction with RM as necessary; tracking of delinquency, exceptions, matured loans and collateral monitoring
Effectively maintains high quality credit file documentation
Manages a portfolio of medium to high complexity credits, with complex organization structures, documentation, and/or collateral structures
May be responsible for some larger exposures
Anticipates portfolio/credit problems and takes action to develop solutions in partnership with RM or PM TL
Qualification
Required
Bachelor's degree required: Business administration, finance, accounting, and/or economics preferred
8+ years of experience and exhibited competency in financial analysis and credit structuring, understanding, and applying credit policy, and credit monitoring and risk administration practices
Prior portfolio management experience to include proposing credit and covenant structures and documenting loans
Commercial Real Estate experience – debt, equity, or development – experience is preferred
Tax Advantaged Investments
Strong verbal and written communications and interpersonal skills combined with ability to multitask and function under pressure to meet deadlines
Competency in Office products (Word, Excel, Power Point), Argus and spread sheet modeling
Preferred
Commercial Real Estate experience – debt, equity, or development – experience is preferred
Low Income Housing Credit (LIHTC) is highly preferred
Historic Tax Credit (HTC) and New Market Tax Credit (NMTC) a benefit
Company
Citizens
At Citizens, we recognize that the journey to accomplishment is no longer linear and that individuals are made of all they have done and all they are going to do.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$2B2025-02-26Post Ipo Debt· $750M
2024-07-09Post Ipo Debt· $1.25B
2014-09-23IPO
Leadership Team
Melisa Carrascoza
SVP, Business Banking Market Executive - New England South
Steve Kozek
Head of Commercial Excellence, Senior Vice President
Recent News
2026-01-22
Talk Business & Politics
2026-01-19
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