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25 Oct 2022

Full-Time Assistant Vice President, Commercial Portfolio Manager II (Req#1412)

Eastern Bank – Posted by Easternbk Boston, Massachusetts, United States

Job Description

The PM II will support an assigned portfolio.  They will collaborate with the relationship manager and team leader to develop and deliver credit documentation.  The PM II will demonstrate the ability to complete financial risk analysis and credit documentation with some guidance from their manager or relationship manager. The PM II will require oversight and involvement from their manager, relationship manager, team leader, group head or senior PM to complete tasks.  The PM II should work to develop their skills so most work is completed with a combination of immaterial and material corrections/rewrites.

Policy and Procedures

  • Demonstrates aptitude in credit policy, procedures, RACs and risk rating scorecards to maintain high quality credit administration of Commercial customers.
  • Accurate risk rating analysis, recommendation, and completion of the scorecards with RM guidance
  • Identification and documentation of exceptions to policy

Underwriting and Due Diligence

  • Accurate financial spreads and financial analysis
  • Clear and concise business writing skills
  • Complete underwriting for renewals and new credits with RM/TL/GD guidance
  • Accurate completion of the T&C within nCino
  • Accurate completion of RACs
  • Obtain and analyze industry information
  • Participate in discussions with RM/TL/GD about transaction structuring

Portfolio Management

  • Timely and accurate credit file documentation
  • Monitor and complete ABL Trend Cards, financial covenants, financial reporting requirements, and annual reviews.
  • Monitor reports for expiring Maturity Date, Commitment Review Date, Commitment Renewal Date, and complete renewals on time.
  • Prepare documentation for regular portfolio reviews.
  • Ongoing monitoring of Borrower financials and follow appropriate risk management procedures.
  • Identify and surface risks and concerns with the RM/TL/GD.
  • Develop in-depth knowledge of assigned portfolio including the types of loans within the portfolio, customer businesses and industries / underlying collateral

Training Responsibilities

  • Provide guidance and training on basic concepts to the PM I / Commercial Analysts as needed.

Legal / Loan Closings

  • Basic knowledge of asset-based lending legal documentation with specific experience in reviewing loan terms and covenants.  Participate in an observatory role with Bank counsel.


  • Strong knowledge in nCino, OPTIMA, FIS, RIMs and CASH
  • Knowledge in other job specific systems like Costar, Guidestar, D&B, etc.

Business Development

  • Attend customer calls with RM.
  • Provide client management support for assigned portfolio, as needed.

Special Projects

  • Participate in and offer an asset-based lending perspective in special projects, as needed.

Education and Experience

  • Bachelor’s degree preferred
  • Formal credit training preferred
  • Collateral Management Software experience preferred
  • 3 – 5 years’ experience in asset-based lending
  • Analytical, organizational, and interpersonal service skills

Skills and Knowledge

  • Strong MS Excel skills
  • nCino/SalesForce experience preferred

How to Apply

If you will like to know more please click on the link below and click “Apply Now”: If you have any question please email:

Job Categories: Equal Opportunities. Job Types: Full-Time. Job Tags: #CommercialSales&ServiceCareers. Salaries: Not Disclosed.

Job expires in 56 days.

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