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18 Nov 2022

Full-Time Commercial Portfolio Manager II (Req# 1618)

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

Job Description

The Portfolio Manager II  will support the lending team with financial analysis and portfolio management.  This candidate may or may not support as assigned portfolio.  The PM II will collaborate with PMs within the team to develop and deliver credit documentation and assist in portfolio administration.  The PM II should review all concepts (policy, procedures, underwriting, management etc.) with their manager to ensure proper understanding and review questions. The PM II will require oversight and involvement from their manager, relationship manager, team leader, group head and senior PM to complete most tasks.  The PM II should work to develop their skills to increase their independence.

Major Responsibilities include but are limited to:

Policy and Procedures

  • Read and learn credit policy & procedures
  • Read and learn RACs
  • Become familiar with the 15-point Risk Rating System
  • Understand the risk rating scorecards and complete with PM/RM guidance.
  • Knowledge of locating policies and procedures on the intranet
  • All these concepts should be reviewed with manager to ensure understanding and review questions.

Underwriting and Due Diligence

  • Accurate financial spreads and financial analysis
  • Underwriting for renewals with PM/RM guidance
  • Assist other PMs in underwriting for new transactions
  • Attend and observe at Credit Committee and Predeal
  • Accurate completion of the T&C within nCino
  • Obtain and analyze industry information
  • Become familiar with industry terminology

Portfolio Management

  • File credit and financial documentation
  • Monitor and complete financial covenants, financial reporting requirements, and annual reviews
  • Monitor reports for Maturity Date, Commitment Review Date, Commitment Renewal Date
  • Pull BIC and nCino reports for portfolio monitoring and surface important information. Reporting to include covenants, maturities, MAPs, ACH, etc.

Legal / Loan Closings

  • Work with the manager to develop familiarity with commercial lending legal documentation, including loan terms and covenants.  Participate as an observatory role with Bank counsel.


  • Basic knowledge of nCino, OPTIMA, FIS, RIMs, and CASH
  • Exposure to other job specific systems like Costar, Guidestar, D&B, etc.

Special Projects

  • Participate in and offer a commercial lending perspective in special projects, as needed.

Education and Experience

  • Familiarity with franchise brands in restaurant industry preferred.
  • Travel up to 10% is required.
  • Bachelor’s degree or equivalent experience with formal credit training.
  • Analytical, organizational, and interpersonal service skills

How to Apply

If you would like to learn more information, click on the link below:   If you have any questions, please email us at:

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

Job expires in 78 days.

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