Commercial Portfolio Manager

Reading Co-Operative • Reading, MA

1d • $124,000 - $153,000

About The Position

Reading Cooperative Bank is seeking a Commercial Portfolio Manager to join its commercial lending team. This hands-on role manages a portfolio of commercial relationships, supports lenders with underwriting and structuring new loans and renewals, and includes direct client engagement such as calls and site visits. The position offers exposure to commercial real estate (CRE), commercial and industrial (C&I), construction, and small business lending, with a potential path toward a Commercial Lender role.

The manager oversees portfolio administration and monitoring, prepares financial analyses and annual reviews, supports credit decisions and loan closings, and serves as a day-to-day contact for assigned clients. The role also assists with loan reviews and examinations, provides coverage for lenders and the Team Leader, and supports junior team members and credit analysts.

Requirements

• Ability to analyze business and personal financial statements and tax returns and assess repayment capacity.
• Working knowledge of loan documentation, credit policy, and banking compliance requirements.
• Strong written and verbal communication skills and comfort interacting with clients.
• Ability to work independently with limited supervision and manage multiple priorities.
• Dependable, professional team player who wants to help the team succeed.
• Proficiency in Microsoft Office.
• At least 3–5 years of commercial credit, underwriting, or portfolio management experience.
• Formal commercial credit training or similar work experience.
• Demonstrated experience and judgment with credit analysis and credit decisions.

Nice To Haves

• Bachelor's degree in business, finance, accounting, or a related field preferred.
• Experience with spreading software.
• Bilingual English/Spanish skills.

Responsibilities

• Manage an assigned portfolio of commercial relationships, including CRE, C&I, construction, lines of credit, and term loans.
• Obtain annual financial information from clients and track financial reporting and covenant compliance.
• Analyze existing relationships and prepare annual review and update memos.
• Manage maturities, renewals, extensions, modifications, and rate changes to prevent administrative past dues.
• Monitor past dues, overdrafts, and borrowing base certificates; identify early warning signs and potential problem loans.
• Conduct property inspections as needed and coordinate construction loan advances on assigned credits.
• Report regularly on portfolio status to the Team Leader.
• Analyze and underwrite new loan requests and renewals, including cash flow, collateral, spreads, guarantor strength, and market analysis.
• Assist lenders with pre-deals, loan memorandums, and credit presentations for approval.
• Discuss deal structure, cash flow, collateral, and borrower character with lenders; recommend alternative structures or products when appropriate.
• Assess compliance with RCB credit policy and identify exceptions and mitigants.
• Work with attorneys, CPAs, appraisers, and other professionals to support underwriting and closing.
• Handle smaller commercial and small business requests up to $250,000 directly, from application through closing, using the streamline process.
• Join lenders on prospect and client calls as needed and interact with clients regularly in person and by phone.
• Serve as a day-to-day contact for assigned clients on loan, deposit, and Treasury Management needs.
• Identify opportunities to deepen client relationships and refer deposit, Treasury Management, and other bank products.
• Assist with loan review and examination requests, coordinate responses, and track remediation items.
• Provide backup to lenders and the Team Leader during vacations and absences.
• Support and mentor junior team members and credit analysts as needed.
• Perform other duties as assigned.

Benefits

• Choice of medical plans with HRA or HSA options
• Dental and vision coverage
• Flexible spending accounts (FSA)
• Disability insurance
• 401(k) retirement plan
• Employee Assistance Program (EAP)
• Generous paid time off
• Interest-free emergency loan program up to $2,000, subject to program guidelines
• Tuition assistance available to full-time and part-time employees

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed