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25 Oct 2022

Full-Time Franchise Commercial Portfolio Manager I (Req#1355)

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

Job Description

The Portfolio Manager I will support the lending team with financial analysis and portfolio management.  This candidate may or may not support as assigned portfolio.  The PM I will collaborate with PMs within the team to develop and deliver credit documentation and assist in portfolio administration.  The PM I should review all concepts (policy, procedures, underwriting, management etc.) with their manager to ensure proper understanding and review questions. The PM I will require oversight and involvement from their manager, relationship manager, team leader, group head and senior PM to complete most tasks.  The PM I 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 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 54 days.

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