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18 Aug 2023

Full-Time Franchise Commercial Portfolio Manager III (Req#2128)

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

Job Description

Under the direction of the Franchise Lending Team Leader, responsible for the ongoing maintenance of the team’s portfolio in conformance with established Bank policies, strategies and procedures. 

MAJOR RESPONSIBILITIES:

  • Updates and reviews the financial status of the Borrower, Subject Property and the Guarantors, as applicable and accurately ratifies the “risk rating” of each account.  The primary vehicle used to fulfill these responsibilities is the Annual Review process. Assists in responding to inquiries and requests of existing customers as directed by the applicable Lender.
  • Performs portfolio maintenance including credit file updates, property inspections and support of the Lenders in the early detection of gathering issues/problems relating to existing extensions of credit, with recommendations of appropriate action of credit quality ratings, and remedial management.
  • Provides continued support to the Bann’s Franchise lenders, including obtaining and analyzing industry financial information and surveys published by various trade organizations.  Keeps abreast of developments and changing regulations within the franchise lending and general banking industry and ensures that the appropriate staff is informed and updated.
  • Works with the Lenders to further develop relationship management and business development skills. Assists in the underwriting of new transactions and available for customer calls.
  • Represents the Bank through participation in various community and industry activities.  Actively promotes the interest of the Bank whenever possible.
  • Performs all duties in accordance with prescribed regulatory compliance guidelines.

REQUIREMENTS:

Education and Experience:

  • Bachelor’s degree preferred and/or 5 to 7 years of experience in Commercial Lending, credit or related subjects.
  • A minimum of three years experience in credit analyst work.
  • Well-developed analytical, organizational, and interpersonal service skills.

 

About Us

Committed. Inclusive. Courageous. Eastern Bank has built a legacy of investing in the communities we serve and helping our customers, communities and employees thrive and grow. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.

As a large full service commercial bank in the Greater Boston area, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.

As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.

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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/2128/?utm_medium=jobshare

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

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