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Metro Credit Union · 2 days ago

Commercial Portfolio Manager

Chelsea, MA

Full-time

Onsite

Mid Level

Metro Credit Union is seeking a Commercial Portfolio Manager to oversee the credit risk of their existing loan portfolio. The role involves continuous credit monitoring, analyzing financial information, and ensuring compliance with credit policies to manage risks and minimize losses.

BankingFinancial ServicesNon Profit

Hiring Manager

Myles Proe

Responsibilities

Manages the ongoing credit risk of the existing loan portfolio through continuous credit monitoring (CCM) activities enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating

Reviews all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data

Determines the need for more thorough investigation or additional information

Analyzes financial information and related materials and completes ongoing credit monitoring for MCU’s commercial portfolio

Risk assessment of customers is on an ongoing basis with a focus on identifying emerging risks or material changes in customers’ financial position, including evaluation of compliance with the loan agreement

Analysis includes an independent credit quality assessment for existing loans with well-supported risk rating rationale, identification of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues

Monitors credit performance of customer portfolios and escalate or remediate, as appropriate

Responsible for the timeliness of the monitoring activities and ensure credit policy compliance by verifying adherence of monitoring activities to the Commercial Credit Policy, and evaluating any risk associated with non-compliance

Performs additional duties as required by management

Qualification

Credit risk managementFinancial analysisCredit monitoringRisk assessmentProblem loan managementCompliance evaluation

Required

A CCM program includes but is not limited to annual reviews, interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance

Determines the need for more thorough investigation or additional information

Analyzes financial information and related materials and completes ongoing credit monitoring for MCU's commercial portfolio

Risk assessment of customers is on an ongoing basis with a focus on identifying emerging risks or material changes in customers' financial position, including evaluation of compliance with the loan agreement

Monitors credit performance of customer portfolios and escalate or remediate, as appropriate

Performs additional duties as required by management