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Brookline Bank · 1 month ago

Portfolio Manager ~ Boston

Boston, MA, US

Full-time

Onsite

Entry, Mid Level

$75K/yr - $98K/yr

2+ years exp

Brookline Bank is a financial institution located in the United States, seeking a Portfolio Manager to analyze and underwrite credit requests for bank prospects and customers. The role involves managing an existing portfolio, conducting due diligence, and ensuring compliance while interacting with various stakeholders.

BankingFinanceFinancial Services

Comp. & Benefits

Responsibilities

Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, spreads, financial statements, tax returns, credit bureaus, meetings with customers/prospects, appraisals, web research and other resources as necessary

Experience underwriting Commercial and Investment real estate deals

Determine if request is in compliance with Bank policy and note exceptions

Discuss deal structure, cash flow, collateral, and customer character with Relationship Managers (RM)

Recommend alternative credit structures or products where appropriate

Accompany RM on customer calls and interact extensively with customers in person and over the phone

Interact with attorneys and financial professionals including CPA’s, CFO’s, etc. as needed to assist in the underwriting and closing process

Present analysis in written proposals for appropriate approvals and present as directed to the appropriate approval authority

Conducts market surveys through contact with brokers, online research, etc

Manage existing portfolio of customers by tracking and preparing annual renewals for lines of credit, reviews of term debt, and reviews of overdraft lines of credit

Maintain tracking database with updated information as needed

Compliance monitoring

Identify potential problem loans and deficiencies

Assist customers when needed with questions regarding loans and retail products