Analyst, Asset Management

Northeast Bank•Boston, MA

3d•Hybrid

About The Position

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, New York, and California. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply. POSITION SUMMARY: 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.