Jr. Commercial Loan Portfolio Manager
About The Position
Community. Security. Trust. This is the foundation on which Bluestone Bank is built. We've helped Southern New England prosper for over 150 years by providing responsible, relevant, and secure financial solutions. Whether our customer’s unique needs include finding a safe place to grow their savings, financing their next home, protecting their future, or building their business, we are here to help them reach their goals. Let’s get there, together! In addition to being a great place to bank, Bluestone Bank is a great place to work! Named by the Boston Business Journal as a Best Places to Work in 2025, you are joining a team that cares about your career success and will also receive: A competitive salary with performance-based incentives. Comprehensive medical with deductible reimbursement, dental, and vision coverage. An employer matching 401k plan. Training and professional development opportunities, including tuition reimbursement. Work life balance with paid time off, paid volunteer hours, and 11 paid holidays. This position is responsible for assisting with management of CRE and C&I relationships to support the Portfolio Managers and Commercial Loan Officers.
Requirements
- Bachelor’s degree in Business/Finance/Accounting or related field.
- Two or more years of related experience in a Commercial Lending or Commercial Credit.
- Strong financial analysis skills.
- Working knowledge of accounting principles.
- Working knowledge of commercial loan products and services.
- Effective oral and excellent written communication skills.
- Working knowledge of relevant Federal, State and local laws and regulations.
- Advanced knowledge of MS Excel; Working knowledge of other MS Office applications; ability to learn and master the Bank’s required systems/applications, as needed.
- Strong decision-making and problem-solving skills.
- Strong organizational skills and detail oriented.
Nice To Haves
- Formal credit training is highly preferred.
Responsibilities
- Manages timely renewals of loan maturities and demand lines of credit for their own portfolio, as well as that of assigned Lending Team.
- Monitors current loans and credit lines to ensure compliance with terms and conditions, including borrowing base availability.
- Facilitates borrower financial reporting submissions.
- Assists commercial loan officers with collection of past due loan payments.
- Periodically assesses loan ratings and ensures proper file review and timely updates to credit files, making appropriate recommendations.
- Assists Loan Officers with outstanding items from Annual File Reviews.
- Communicates with existing and potential customers to discuss business needs and obtain financial information.
- Assists commercial loan officers with US Small Business Administration loans.
- Assists in the preparation of reports and completion of projects.
- Assists with internal and regulatory audits as requested.
- Remains abreast of Federal, State and local laws and regulations as they pertain to the position; Complies with related laws, regulations and Bank policies and procedures.
- Actively participates in other Bank meetings and committees as requested.
- Performs other duties as required.
Benefits
- A competitive salary with performance-based incentives.
- Comprehensive medical with deductible reimbursement, dental, and vision coverage.
- An employer matching 401k plan.
- Training and professional development opportunities, including tuition reimbursement.
- Work life balance with paid time off, paid volunteer hours, and 11 paid holidays.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
