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Northeast Bancorp - Boston, MA

posted 9 days ago

- Entry Level
Hybrid - Boston, MA
Credit Intermediation and Related Activities

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 oversight and asset management support for a portfolio of performing and non-performing bank assets as well as Bank originated loans with the objective of maximizing returns and minimizing losses within the portfolio.

Responsibilities

  • Provide oversight and support for the Bank's purchased loan portfolio, including an initial written assessment of each asset acquired and recommending action plans to Senior Management and investment partners.
  • Daily responsibilities include restructuring credit and repayment terms, developing strategies to better secure collateral, collecting and monitoring monthly payments, and preparing written in-depth analysis with recommendations.
  • Provide oversight and support for the Bank's originated loan portfolio, including monitoring monthly payments and preparing written in-depth analysis with recommendations.
  • Conduct periodic credit underwriting assignments for loan portfolios under purchase consideration, including reviewing loan documentation and presenting analysis to the loan investment committee.
  • Successfully pass technical and regulatory examinations by the Company.

Requirements

  • Bachelor's degree preferred
  • 2 to 5 years of experience in asset management, commercial loan workout and/or loan underwriting
  • Formal bank credit training a plus
  • Ability to work and thrive in a team environment

Benefits

  • Competitive compensation
  • Generous PTO
  • Hybrid work environment
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