Business Banking Portfolio Manager III

Eastern Bank•Wakefield, MA

9d•$98,738 - $162,212•Onsite

About The Position

The VP, Business Banking Portfolio Manager III (“PM III”) reports to the Corporate Credit division and works with Business Bankers and Commercial Credit to maintain effective credit administration and risk management practices for the Business Banking portfolio. The position will be responsible for managing a portfolio of Business Banking loans, including both C&I and CRE loans, while also overseeing the management of Business Banking loans assigned to direct reports. The position will be involved in the monitoring and resolution of marginal Business Banking credits and will provide support to the Business Banking Portfolio Management Team Lead (“Team Lead”) on strategic directives. The PM III will also be expected to provide guidance and mentoring to junior PM’s serving as direct reports.

Requirements

A Bachelor’s Degree in Finance, Accounting or Economics is preferred.
10+ years in commercial banking experience with evidence of prior involvement in the underwriting and management of commercial loans.
Exposure to a broad range of commercial lending products and knowledge of commercial loan concepts and structure, specifically with C&I loans and CRE mortgages.
Requires accounting, credit and regulatory knowledge.
Strong credit risk analytics skills with a proven ability to interpret complex financial data and identify key risk factors.
Strong project management skills and experience.
Ability to effectively engage in verbal and written communication, including management presentations.
Proficient technical skills including Microsoft office with emphasis on PowerPoint, Excel and Word.
Advanced knowledge of nCino, OPTIMA, FIS, Collateral360 and CASH systems.
Comprehensive understanding of all aspects of credit, applicable regulations and knowledge of the Bank’s Credit Policy.
Demonstrated ability to work as part of a team.
Ability to coach and mentor Relationship Managers and Portfolio Managers on credit concepts and market factors.

Nice To Haves

Advanced degree preferred but not required if there is material banking experience.
Prior experience with SBA loans and/or managing workout credits is a plus.

Responsibilities

File credit and financial documentation in nCino upon receipt
Monitor and complete financial covenants, financial reporting requirements, renewals and annual reviews for assigned loans
Pull BIC and nCino reports for portfolio monitoring and surface important information. Reporting to include covenants, maturities, MAPs, ACH, etc. Monitor reports for Maturity Date, Commitment Review Date, Commitment Renewal Date.
Manage and complete loan advances for approval
Communicate with Relationship Managers and borrower in regards to financial covenants and financial performance
Obtain customer information and statements to complete financial analysis
Perform and oversee underwriting of transactions for assigned customers of team
Attend and fully participate at Credit Committee and Predeal Committee
Ensure accurate completion of Terms & Conditions for loans within nCino
Become an expert with industry terminology
Provide guidance and support to direct reports. Will likely be asked to serve as a mentor to more junior staff.
Initiate or expand development plans for direct reports, providing appropriate training and learning opportunities based on present and future job responsibilities
Give direction to team and make recommendations to Team Lead for policy enhancements / exceptions
Maintain understanding of Bank’s Credit Policy & Business Banking procedures
Maintain familiarity and understanding of Business Banking RACs
Become proficient with the Bank’s 15-point Risk Rating System and risk rating scorecards, demonstrating an ability to complete individually
Maintain awareness of locations for Bank policies and procedures on the intranet
Help peers establish action plans to resolve difficult credits
Review and approval of Renewals/Modifications
Track dashboards and reporting to evaluate portfolio KPI’s and KRI’s
Offer new commercial lending perspectives on special projects
Participate in the preparation and presentation team training material
Develop and maintain proficiency with nCino, OPTIMA, FIS, Collateral360 and CASH systems
Assist in clean up of data within systems
Assist Portfolio Manager Team Lead