Business Banking Portfolio Manager II

Make Your Move•Salem, MA

6d•Onsite

About The Position

Salem Five is a growing regional financial services organization with a rich history of over 170 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers. Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families. Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we’re all about.

Requirements

Bachelor’s degree (B.A.) from four-year college or university
At least three (3) years of commercial/ credit analysis experience
Equivalent combination of education and experience
Adept at analysis, underwriting, and documentation
Formal credit training required

Nice To Haves

Prior Commercial and/or Business Banking credit and portfolio management experience a plus

Responsibilities

Manage, maintain and service a Business Banking credit portfolio as defined by the size of client relationships and/or via assignment by senior leadership.
Address maturing credit facilities and work with account officers to increase bank exposure where appropriate.
Review and/or renew demand lines of credit, commercial real estate loans, and letters of credit which may include, but not be limited to, ensuring all loan conditions are being met, collecting and reviewing customer financial statements, delinquency history, overdraft history, credit history, loan files, etc., and making appropriate recommendations to underwriting.
Work directly with assigned portfolio clients in person, virtually, or via email or other communication channels during the collection of financials and other documentation when needed, and/or in general support of customer inquiries.
Work with closing attorneys, accountants, lenders and support staff to ensure that all loan pre-closing conditions and post-closing conditions are met.
Manage loan extensions, loan modifications, name changes, rate changes and notifications of customer dissolutions.
Assist in preparation / review of loan documents for assigned relationships.
Prepare and organize required reports, memos, and any other necessary documentation on a timely basis.
Demonstrate compliance with banking laws and regulations as defined in company policies and procedures pertinent to the position.
Attend Weekly Delinquency meetings and assist Business Bankers with the management of delinquent loans within respective portfolios.
Work collaboratively and effectively with other areas of the company and participate in projects and special assignments as a representative of Business Banking as appropriate.