Special Assets Portfolio Manager

Rockland Trust•MA, MA

7h•$120,000 - $150,000

About The Position

Rockland Trust is a full-service commercial bank and financial services company committed to helping its neighbors reach their financial goals. Founded in 1907 and headquartered in Massachusetts, the bank serves individuals, families, and businesses throughout New England with a strong emphasis on personal relationships, local decision-making, and community impact. With a broad range of banking, wealth management, and investment solutions, Rockland Trust combines the resources of a growing financial institution with the personalized service of a community bank. The bank's philosophy—Where Each Relationship Matters®—guides how they work with customers, colleagues, and communities. At Rockland Trust, employees are at the heart of its success. The company fosters a collaborative, inclusive, and values-driven culture that encourages professional growth, innovation, and work-life balance. Rockland Trust is currently seeking a Special Assets Portfolio Manager to join its Special Asset Group. The incumbent, whose role is “credit orientated” reports to the SAG Manager and is accountable to the Chief Credit Officer. The SAG Officer will utilize their credit skills to underwrite and manage a portfolio of criticized loans for both C&I and Real Estate loans. The incumbent will work with Special Assets/workout officers that service a wide variety of criticized commercial loans. Will assist the SAG Manager on specific projects as requested from the SAG Group.

Requirements

Bachelors Degree in Business, Accounting, Finance, Economics or equivalent
Previous experience in servicing distressed portfolios of commercial loans.
2+ Years of prior Commercial Credit Analysis experience
Formal Credit Training highly preferred

Nice To Haves

Will act as a Liaison between the SAG team and the Credit Administration, Loan operations and servicing groups.
Ability to communicate with existing loan customers as needed to obtain information concerning their business, needs, abilities and earnings to determine risk mitigation strategies to prevent losses for the bank.
The candidate shall posses the ability to make restructuring and risk mitigation strategies to prevent bank losses, which are based on their analysis of the business’ financial condition, cash flow, capacity, collateral and its ability to repay.

Responsibilities

Working with workout officers, manage and maintain an assigned portfolio of classified assets.
Preparation of loan packages for loan restructure approval, including submission to Special Asset Committee.
Prepare credit analysis in accordance with LUAG for existing relationships with special emphasis on loan restructuring and risk mitigation.
Assists workout officers in the preparation of Watched Asset Reports & Classified Assets Reports as needed.
Assist REO officer in preparation of OREO asset and reconciliation reports, bid strategies, and other tasks as needed.
Follow up on loan delinquencies as instructed by Loan workout officers.
Maintain timely renewals of loan maturities for assigned portfolio of criticized assets.
Monitors current loans and credit lines to ensure compliance with terms.
Monitors and maintain tracking of existing loans for covenant compliance.
Facilitate borrower financial reporting submissions to Bank
Review and recommend accurate relationship risk ratings on an ongoing basis.
Ensure the timely completion of credit file updates
Acting as a liaison between workout officers and attorneys, customers, consulting groups, appraisers, etc.
Collaborate in coordinating pre-closing activities.
Assisting in the resolution of customer inquiries and problems.
Assisting the officers with operational/administrative issues.
Possess a working knowledge of the Horizon system & BI Reports.