Portfolio Manager I

One Salem Green•Salem, MA

1d•Onsite

About The Position

Salem Five is a regional financial services organization with a history of more than 170 years. This position is based in the Salem, Massachusetts office and is responsible for maintaining and servicing an assigned commercial loan portfolio. The Portfolio Manager works with lenders and other bank teams to monitor portfolio performance, manage borrower reporting and covenant compliance, assist with loan administration and underwriting support, and help develop bank relationships. The position also involves communicating with clients and other external constituents, supporting regulatory and compliance reviews, and representing the company at trade and community events.

Requirements

Bachelor's degree with a business concentration, or a combination of education and experience as described in the posting.
A minimum of 2–3 years of related commercial or credit analysis experience.
Strong credit skills.
Ability to work independently and directly with lenders.
Ability to manage multiple lender and client requests related to collecting required financial information.
Comfort with technology and systems, and ability to develop a solid understanding of the Bank's NextGen system.
Ability to meet the physical demands of the position, including sitting, talking or hearing; frequently standing, walking, using hands to handle or feel objects, reaching, and lifting or moving up to 10 pounds frequently and up to 25 pounds occasionally.
Close vision.

Nice To Haves

Formal credit training is strongly desired.

Responsibilities

Maintain and service a commercial loan portfolio assigned by the Team Leader.
Manage the timely collection and review of borrower reporting requirements and ensure covenant compliance across the assigned portfolio.
Monitor revolving lines of credit tied to borrowing base reporting across the assigned portfolio.
Work with lenders on loan renewals, extensions, and modifications, and prepare file comments on time and in compliance with loan policy.
Provide appropriate information to support underwriting staff.
Review legal documents and develop an understanding of loan documentation with oversight and support.
Build familiarity with loan structuring and incoming new-money requests.
Accompany lenders on client or prospect calls to further develop bank relationships.
Assist with regulatory examinations and compliance reviews to support satisfactory audit findings.
Work collaboratively with other areas of the Bank.
Comply with business banking laws and regulations and relevant company policies and procedures.
Communicate with external constituents and respond to client requests with a sense of urgency.
Promote the company's presence through participation in and attendance at trade events.
Maintain a professional image in the marketplace and demonstrate regular attendance.
Assume additional responsibilities as requested.
Travel to stores, client locations, and other locations, and participate in business and community events.