Newburyport Bank · 13 hours ago
Portfolio Manager
Newburyport,MA,US
Full-time
Onsite
Mid Level
3+ years expNewburyport Bank is a community bank focused on innovation and personalized service. The Portfolio Manager is responsible for managing all aspects of Commercial Portfolio management, ensuring compliance with credit policies and banking regulations, and maintaining high-quality credit administration and risk management.
CommunitiesFinancial Services
Responsibilities
Manages all aspects of Commercial Portfolio management for assigned portfolio loans
Collaborates with the Lender and Commercial Loan Administrator (CLA) to maintain high quality credit administration and risk management
Serves 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 risk rating and initiates risk rating 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
Facilitates internal and external examinations
Prepares internal and external documents including term sheets, applications, appraisal bid requests, call memos, commitment letters, post-closing memos, and loan modifications
Serves Lenders in all aspects of managing their existing portfolio, ongoing sales, and approval efforts
Establishes and maintains relationships with current and prospective clients through client engagement with the Lenders
Aligns with CLA regarding overdraft decisions and follow-ups as needed
Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations
Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests
Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role
Qualification
Required
Bachelor's degree required with a major in accounting, finance, economics, or business administration preferred
Minimum 3 years of credit experience
Proven commercial credit skills demonstrated through prior experience
Demonstrated proficiency with office software including word processing, spreadsheet, presentation, and mail applications
Excellent oral and written communication skills
Professional demeanor and maturity needed to work closely with customers, employees, vendors, and members of the Board of Directors
Preferred
Basic prior experience with loan origination software (LOS) preferred
Basic knowledge of commercial deposit/treasury products
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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