Portfolio Manager I

Salem Five Bank•Salem, MA

7h•$81,987 - $131,179•Onsite

About The Position

Salem Five is hiring a Portfolio Manager I to maintain and service an assigned commercial loan portfolio. The role works with lenders, borrowers, underwriting staff, and other Bank teams to support portfolio monitoring, loan administration, client relationships, and compliance. The position requires the ability to work in the Salem, Massachusetts office and includes travel to store, client, and other locations, as well as participation in business and community events. The successful candidate should have 2–3 years of related commercial or credit analysis experience and a bachelor’s degree with a business concentration, or a combination of the above. Formal credit training is strongly desired. Strong credit skills, independence, multitasking, and comfort with technology and systems are important to the role.

Requirements

A minimum of 2–3 years of related commercial or credit analysis experience, in addition to a bachelor’s degree with a business concentration, or a combination of the above.
Strong credit skills.
Ability to work independently and directly with lenders.
Ability to multitask with lenders and clients while collecting required financial information.
Technology and systems aptitude, including the ability to develop a solid understanding of the Bank’s NextGen system.

Nice To Haves

Formal credit training is strongly desired.

Responsibilities

Maintain and service a commercial loan portfolio assigned by the Team Leader.
Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio.
Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio.
Work with lenders to assist with loan renewals, extensions, modifications, and timely file comments in compliance with loan policy.
Support underwriting staff by providing appropriate information.
Review legal documents and build 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 help ensure satisfactory audit findings.
Work collaboratively and effectively with other areas of the Bank.
Comply with business banking laws and regulations and applicable company policies and procedures.
Communicate with external constituents and respond urgently to client requests.
Promote the company's presence through active participation in and attendance at trade events.
Project and maintain a professional image in the marketplace.
Maintain regular attendance.
Assume additional responsibilities as requested.