Apply on Employer Site

Salem Five Bank · 2 months ago

Portfolio Manager II (Commercial Lending)

Stoneham, MA

Full-time

Onsite

Mid Level

$90K/yr - $140K/yr

4+ years exp

Salem Five Bank is a growing regional financial services organization with a rich history of over 160 years. They are seeking a Portfolio Manager II to maintain and service a commercial loan portfolio, manage borrower reporting requirements, and assist with loan renewals and modifications. The role involves collaboration with lenders and other bank areas to ensure compliance and support business banking operations.

BankingFinanceFinancial ServicesMortgage

Responsibilities

Maintain and service a commercial loan portfolio assigned by the Team Leader

Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio

Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio

In concert with Lender, assist with loan renewals, extensions, modifications, and file comments on a timely basis and in compliance with loan policy

Support underwriting staff by providing proper information when appropriate

Review legal documents and build understanding of loan documentation, with oversight and support

Build familiarity with loan structuring and incoming new money requests

Accompany Lenders on client or prospect calls to further develop bank relationships

Assist with regulatory examinations and compliance reviews to ensure satisfactory audit findings

Work collaboratively and effectively with other areas of the Bank

Demonstrate compliance with business banking laws and regulations as defined in company policies and procedures pertinent to the position

Communicate with external constituents; exhibit a sense of urgency toward meeting client requests

Promote the company's presence through active participation and attendance at various trade events

Project and maintain a professional image in the marketplace

Demonstrate regular attendance as is essential to this position

Assume additional responsibilities as requested

Support lender with evaluation of new loan requests, prepare deal screens and term sheets as needed

Serve as secondary point of contact within assigned portfolio with ability to handle routine customer service requests with minimal support

Serve as secondary point of contact with Bank counsel during closing process; review loan documents and provide feedback to lender/counsel

Qualification

Credit analysisCommercial lendingLoan documentationRegulatory complianceTechnology proficiencyMultitaskingCommunication skillsTeam collaboration

Required

Ability to work in the Stoneham, MA offices

Maintain and service a commercial loan portfolio assigned by the Team Leader

Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio

Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio

Assist with loan renewals, extensions, modifications, and file comments on a timely basis and in compliance with loan policy