CRE Portfolio Manager - Lowell/NH

Rockland Trust Company•Lowell, MA

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 & Construction 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
Ability to make lending recommendations, which are based on the analysis of the business’ and guarantor’s ability to repay, collateral analysis, loan structure, and other credit considerations
Ability to communicate effectively with colleagues, customers, and third parties to ascertain and address risk in both new opportunities and existing loans
Will act as a liaison between the assigned lending team and the Credit Administration/Operations Department for portfolio management/credit related processes.