Portfolio Manager

Berkshire Bank•Boston, MA

15d•$71,216 - $102,474

About The Position

To analyze and underwrite credit requests for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.

Requirements

Bachelor’s degree in relevant field
Prepare loan memorandums consistently with minimal supervision
Excellent written and oral communication skills
Extensive knowledge of Microsoft Office Suite products, Moody’s Credit Lens, and nCino (preferably)
Performs other related duties as required or directed
Be well versed in the Bank’s credit policy and underwriting standards

Nice To Haves

Formal credit training is preferred
Experience analyzing and underwriting Commercial and Investment Real Estate deals.

Responsibilities

Credit Underwriting
Portfolio Management
Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, financial spreads, financial statements, tax returns, credit bureaus, appraisals, web research and other resources as necessary.
Discuss deal structure, cash flow, collateral, and customer character with Relationship Manager (RM). Recommend alternative credit structures or products where appropriate.
Assist the RM with preparing deal screen memos, term sheets and commitment letters.
Present analysis in written loan memorandums for appropriate approvals and present as directed to the appropriate approval authority.
Determine if request is in compliance with Bank policy and note exceptions.
Interact with attorneys and financial professionals including CPA’s, CFO’s, etc. as needed to assist in the underwriting and closing process.
Manage existing portfolio of customers by tracking and underwriting loan renewals and annual reviews.
Compliance monitoring of financial covenants and borrowing base certificates. Maintain financial statement and covenant compliance tracking database with updated information as needed.
Preparation for internal and external audit requests.
Identify potential problem loans and deficiencies.
Accompany RM on customer and prospect calls and interact extensively with customers in person and over the phone. Assist customers when needed with questions regarding loans and retail products.
Work closely with Loan Administration and other areas of the Bank to meet customer needs in a timely manner.