Newburyport Bank · 22 hours ago
VP, Team Leader Commercial Portfolio Management
Newburyport,MA,US
Full-time
Onsite
Mid, Senior Level
5+ years expNewburyport Bank is a community bank focused on innovation and personalized service. The Team Leader manages a team of Commercial Portfolio Managers and oversees the commercial portfolio management function, ensuring high quality credit administration and risk management while coaching the team for optimal performance.
CommunitiesFinancial Services
Responsibilities
Manages a team of Commercial Portfolio Managers and all aspects related to the commercial portfolio management function
May also be responsible for supporting multiple lenders in the management of their respective loan portfolios
Works with Credit Administration, Lenders and Commercial Loan Administrators (CLAs) to maintain high quality credit administration and risk management
Coaches the Commercial Portfolio Management team to ensure continued development and opportunities for growth and achievement and optimal performance
Assists Commercial Lenders in managing the approval process, ensuring all required information has been received for proper underwriting
Ensures renewals are approved/booked or extended prior to expiration/maturity for lines of credit or maturing loans
Ensures loan terms are compliant with credit policy and banking regulations
Ensures accuracy and consistency with loan documents
Analyzes and tracks financial covenants outlined in legal documents
Identifies covenant violations and manages waiver process when initiated by the Lender
Monitors construction projects and tracks borrowings versus remaining availability, confirming the project remains compliant with the Bank’s requirements
Monitors portfolio to identify inconsistent grading and initiates grade changes when required
Drafts Watched Asset Reports when downgrading loans below a 6 rating and adheres to quarterly reporting requirements
Drafts commentary on changes in performance or issues requiring further explanation, and during periodic financial and covenant review
Prepares internal and external documents including term sheets, Sageworks applications, appraisal bid requests, call memos, commitment letters, post-closing memos and loan modifications
Assists Lenders in all aspects of managing their existing portfolio, ongoing sales and approval efforts
Establishes and maintains relationships with current and prospective clients by assisting in the sales proposal process
Assists in customer correspondence including drafting proposal/commitment letters, Request for Information (RFI), covenant waivers, and renewal notifications
Qualification
Required
Bachelor's degree in Accounting, Finance, Economics, or Business Administration
Minimum of 5 years of Commercial Credit/Banking and/or related experience
Minimum of 3 years of previous supervisory or management experience
Company
Newburyport Bank
Newburyport Five Cents Savings Bank is a community bank headquartered in Massachusetts.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Elliot Smith
Senior Vice President - Commercial Loan Officer
Recent News
2025-11-08
2025-08-07
WBJournal.com
2025-07-02
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