Portfolio Manager – Commercial Credit

Bank of New England•Salem, NH

1d•$85,000 - $100,000•Onsite

About The Position

Bank of New England is seeking a detail-oriented, analytical banking professional to join its Commercial Credit team in Salem, New Hampshire. The Portfolio Manager – Commercial Credit evaluates new lending opportunities, monitors commercial loan relationships, and helps maintain a healthy loan portfolio while working closely with Commercial Lenders and Credit Administration. The position calls for a strong understanding of financial statements, cash flow analysis, and commercial credit fundamentals, and offers the opportunity to contribute to lending decisions in a relationship-focused community banking environment. The role includes analyzing borrower financial information, assessing repayment capacity and creditworthiness, preparing underwriting documentation, and recommending loan structures based on financial analysis and established credit guidelines. The manager also monitors an assigned commercial loan portfolio, conducts periodic and annual reviews and renewals, tracks covenants and receipt of financial information, identifies changes in credit quality, and maintains accurate credit files. This is a full-time, on-site position in Salem, NH. The annual salary range is $85,000–$100,000, depending on qualifications and relevant experience. Employment is contingent on successful background and credit checks, and the position is subject to the Bank’s Code of Conduct, Information Security Program, confidentiality requirements, and applicable regulatory standards.

Requirements

Bachelor’s degree in Finance, Accounting, Business Administration, or a related field, or equivalent relevant professional experience.
Approximately 3–5 years of experience in commercial banking, commercial credit analysis, loan underwriting, portfolio management, or commercial lending.
Strong understanding of financial statement analysis and cash flow evaluation.
Experience reviewing commercial borrowers’ financial information and assessing repayment capacity.
Knowledge of commercial credit underwriting principles and risk assessment.
Experience supporting or monitoring commercial loan portfolios.
Ability to identify financial risks and prepare clear, well-supported credit recommendations.
Strong analytical, organizational, and problem-solving skills.
Excellent written and verbal communication skills.
Proficiency in Microsoft Office, particularly Excel and Word.
Ability to work independently while collaborating effectively with internal teams.
Ability to sit, stand, and walk for extended periods.
Ability to use computers, telephones, and standard office equipment throughout the workday.
Successful completion of required background and credit checks.
Employment eligibility verification in accordance with applicable Form I-9 requirements.

Responsibilities

Review and analyze commercial borrowers’ financial statements, tax returns, cash flow, and financial performance.
Evaluate borrowers’ repayment capacity, creditworthiness, and overall financial condition.
Assess lending requests and identify potential credit risks.
Prepare credit analyses, underwriting reports, and supporting documentation for lending decisions.
Assist with commercial loan structuring and provide recommendations based on financial analysis and established credit guidelines.
Monitor an assigned portfolio of commercial loans and existing borrower relationships.
Conduct periodic credit reviews, annual reviews, and loan renewals.
Review financial statements and borrower performance to identify changes in credit quality.
Monitor loan covenants and ensure required financial information is received and reviewed.
Identify potential credit concerns and bring them to the attention of appropriate stakeholders.
Maintain accurate and organized credit files and portfolio documentation.
Work with Commercial Lenders and Credit Administration throughout the lending process.
Communicate credit findings, financial concerns, and recommendations to relevant internal stakeholders.
Assist with preparing portfolio reports and other credit-related documentation.
Participate in borrower meetings and relationship management activities when needed.
Ensure credit files and lending activities comply with internal policies, underwriting standards, and applicable regulatory requirements.