CRE Portfolio Manager - Lowell

Rockland Trust • Lowell, MA

241d

About The Position

The Portfolio Manager (PM) role is a “credit oriented” role responsible for the preparation of effective analyses, risk administration, and making independent credit recommendations, with a particular emphasis on adherence to credit policy, financial analysis, risk assessment, ongoing portfolio maintenance, and maintaining risk ratings to ensure quality and soundness for credit transactions. The PM works with a specified group of loan officers broken out by lending center and reports directly to the Commercial Credit Officer.

Requirements

• Formal Credit Training or equivalent work experience.
• Minimum 3 years' prior Commercial Credit Analysis required, Portfolio Manager experience preferred.
• Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent experience.
• Commercial Real Estate analysis experience required.

Responsibilities

• Completes due diligence and prepares analysis of commercial borrowers and prospects, including compiling financial and business data and spreading financial statements for modest and complex transactions.
• Assesses risk and makes independent credit recommendations, including but not limited to evaluating obligor risk ratings on both new and existing relationships providing input in the loan decisioning process.
• Maintains timely renewals of loan maturities, covenant compliance, and annual reviews for assigned lending team.
• Continuously monitors existing loans and credit lines to ensure compliance with terms and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio.
• Identifies early client risk/exposure, early detection of volatile industries and markets for assigned portfolio within designated region to proactively minimize potential losses.
• May interact by phone/email/in person with existing and potential customers on credit or risk related matters.
• May identify cross-sell opportunities.

Benefits

• Competitive compensation with performance incentive awards.
• Health Insurance.
• Dental Insurance.
• 401K and DC Plan for your retirement.
• LTD & Life Insurance.
• Day Care Reimbursement.
• Tuition Assistance for graduate and undergraduate programs.
• An award winning Wellness program.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree