Commercial Portfolio Manager III

Eastern Bank•Boston, MA

1d•$96,802 - $159,032

About The Position

The Commercial Portfolio Manager III is responsible for portfolio management, including financial reporting and covenant tracking. This role involves obtaining annual financial information from clients, analyzing financials of existing relationships, and preparing update memos. The position also requires reporting regularly on the status of new loan requests and loan renewals, analyzing new loan requests (cash flow assessment, collateral valuation, spread analysis, guarantor assessment, etc.), and researching, compiling, and providing market analysis relative to credit. The role assists in preparing/underwriting pre-deals and credit vehicles for both new loans and renewals. Additionally, the Commercial Portfolio Manager III manages and updates the interim report for the RMs portfolio, coordinates construction loan advances on certain credits, assists with Credit Risk Review tasks, provides backup to other Relationship Managers/Relationship Administrators, assists the team during vacations/absences, and provides sales & service support as necessary. Eastern Bank offers a robust benefits and retirement package, and prides itself on supporting employees with opportunities for growth in an inclusive environment.

Requirements

Formally Credit Trained
Demonstrates experience and judgment with credit decisions and analysis
Coach credit analysts on credit and customer interaction skills
5-7 years experience
Work with limited supervision

Responsibilities

Portfolio Management, including Financial Reporting and Covenant Tracking
Obtaining annual financial information for files from clients
Analyzing financials on existing relationships and preparing update memos
Report regularly on status Team Leader New Loan Requests and Loan Renewals
Analyze new loan requests (cash flow assessment, collateral valuation, spread analysis, guarantor assessment, etc)
Research, compile, and provide market analysis relative to a credit
Assist in preparing/underwriting pre-deals and credit vehicles (both new loans and renewals)
Manage and update the interim report for the RMs portfolio
Coordinating construction loan advances on certain credits
Assist with Credit Risk Review tasks, including coordinate responses to CRR, monitor action steps for remediation, etc.
Provide Backup to other Relationship Managers/Relationship Administrators as needed
Assist the team during vacations/absences as necessary
Provide sales & service support as necessary