Analyst, Asset Management
Northeast Bank•Boston, MA
•Hybrid
About The Position
Provide assistance in the management and oversight for a portfolio of performing and non-performing bank assets with the objective of maximizing returns and minimizing losses within the portfolio.
Requirements
- Bachelor’s degree required
- Some experience with commercial lending and/or financial analysis
- Ability to work and thrive in a team environment
Nice To Haves
- Formal bank credit training a plus
Responsibilities
- Assist senior asset managers in the development and implementation of the management strategies and strategic objectives.
- Asset management for purchased and originated loans, which will include providing recommendations to senior management and investment partners to maximize income and reduce loss, restructuring credit and repayment terms, developing strategies to better secure collateral, collecting and monitoring monthly payments, as well as taxes and insurance, working with borrowers to obtain financial information and preparing written in-depth analysis and recommendations to protect and strengthen the investment.
- Successfully pass technical and regulatory examinations required by the Company.
- Maintain portfolio files in accordance with both the Bank’s regulatory agency’s requirements as well as the SBA.
- Recommend and implement action strategies concerning non-performing assets to upper management by working with borrowers and in house and outside counsel.
Benefits
- competitive compensation
- generous PTO
- hybrid work environment
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
11-50 employees
