Hanover Bank ยท 2 months ago
Portfolio Manager I
Hauppauge, NY
Full-time
Onsite
Mid Level
$75K/yr - $90K/yr
3+ years expHanover Bank is looking for a full-time Portfolio Manager I to join their team. The role involves maintaining and monitoring an existing commercial loan portfolio while working closely with the Director of Commercial Credit to expand business relationships and address potential credit risk.
Asset ManagementBankingFinancial ServicesProfessional Services
Responsibilities
Manage all aspects of the borrower relationship in assigned loan portfolio, including:
Monitoring compliance with loan covenants
Assisting with loan reviews based on current financial information
Proactively completing loan renewals and modifications
Monitor maturities in the portfolio and ensure they are addressed appropriately
Communicating with and visiting customers and updating the credit file with associated call reports
Addressing customer inquiries or requests for additional financing and/or other bank products
Processing loan advances
Monitoring interest reserves and replenishment
Monitoring borrowing base compliance
Assisting with the processing of paydowns and payoffs
Ensuring the timely payment collection and monitoring delinquencies
Aid in the development of portfolio management processes and procedures
Qualification
Required
3+ experience in loan underwriting/commercial borrower relationship management/loan portfolio management and/or portfolio analytics
Excellent verbal and written communication skills
Team player with the ability to adapt to changes, multi-task, and work in a fast-paced growing environment
Knowledge of financial statement spreading and credit analysis
Technical skills including the use of the Microsoft Office Suite
Strong negotiation skills
Preferred
Bachelor's degree in Finance/Accounting/Business Administration or related field preferred but not required
Formal Credit training or commensurate training or experience
Knowledge of Sageworks also preferred
Benefits
Medical, Dental, and Vision insurance (with HSA, FSA, and Commuter Benefits options)
Company-paid Life Insurance and Accidental Death & Dismemberment (AD&D)
Company-paid Long-Term Disability Insurance
Additional Life and AD&D Insurance for employee, spouse, and dependents
Voluntary Short-Term Disability Insurance
Pet Insurance
Legal Services Plan
Accident Insurance
Hospital Indemnity Insurance
Cancer Care Insurance
401(k) Plan with Company Match
Paid Personal Time Off (PTO)
Paid Company Holidays
Annual Performance Bonuses
Annual Salary Increases
Company-sponsored Events
Employee Contests and Recognition Programs
Company
Hanover Bank
Hanover Bank offers banking, cash management, online & mobile banking, merchant services, and digital solutions.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Raffaella Palazzo
First SVP, Chief Operations Officer
Michael Locorriere
Executive Vice President & Chief Municipal Officer
Recent News
Hanover Bancorp, Inc
2025-09-25
Hanover Bancorp, Inc
2025-08-07
Company data provided by crunchbase