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14 Mar 2024

Full-Time Commercial Portfolio Manager III- CRE (Req#2531)

Eastern Bank – Posted by Eastern Bank Massachusetts, United States

Job Description

The PM III will support an assigned portfolio.  They will demonstrate the ability to complete financial risk analysis and credit documentation with limited guidance from their manager or relationship manager.  This role will also contribute to loan structuring, customer calls and should be comfortable with regular interactions with senior management.

MAJOR RESPONSIBILITIES:  

Policy and Procedures

  • In depth knowledge, compliance and application of credit policy and procedures to maintain high quality credit administration of Commercial customers with limited guidance.
  • Proactive accurate risk rating analysis and recommendation
  • Identification and documentation of exceptions to policy

Underwriting and Due Diligence

  • Analysis of complex financials
  • Contribute to transaction structuring
  • Engaged in credit committee presentations
  • Complete underwriting with clear identification of lending risks and mitigating factors
  • Accurate completion of the T&C within nCino
  • Accurate completion of RACs
  • Obtain and analyze industry information and offer conclusions

Portfolio Management

  • Monitor and complete 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.
  • High quality credit file documentation
  • Prepare documentation for regular portfolio reviews and active engagement at 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.

Training Responsibilities 

  • Provide regular and ongoing guidance and training to the PM I / Commercial Analyst and PM II

Legal / Loan Closings

  • Engage in conversations and answer straightforward questions with Bank counsel with manager oversight, as needed
  • Knowledge of commercial lending legal documentation.
  • Review of the legal documents to ensure compliance with approved terms and conditions.

Technology

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

Business Development

  • Regular interaction with customers to resolve credit inquiries and obtain underwriting material information.
  • Provide client management support for assigned portfolio.

Special Projects

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

PROBLEM SOLVING & DECISION MAKING:

The PM III will require minimal oversight and involvement from their manager, relationship manager, team leader, group head or senior PM to complete tasks.  The PM III should have good problem solving and decision-making skills. Their work should be completed with mostly immaterial corrections/rewrites.

Experience and Experience:

  • Bachelor’s degree preferred
  • Formal credit training preferred
  • 3-4 years experience in commercial credit analysis
  • Analytical, organizational, and interpersonal service skills

Skills/Knowledge:

  • Strong MS Excel skills
  • nCino/SalesForce experience
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How to Apply

If you will like to learn more and apply, use the link below: https://gka.fa.us1.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX/job/2531/?utm_medium=jobshare

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

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