Portfolio Manager - Commercial and Industrial Lending

Needham Bank • Needham, MA • 5h ago

Job Descriptions:

Responsible for ongoing portfolio management in the C&I Lending area as well as managing and growing a portfolio of C&I clients with loan and non-loan related business.

ESSENTIAL DUTIES & RESPONSIBILITIES

Support the growth and development of an assigned C&I portfolio, effectively managing clients with loan and non-loan products

Complete or review credit analyses on existing and prospective loan accounts

Write detailed narrative reports regarding the relationship, including the history of the relationship, a review of financial data, collateral coverage, ability to service debt and the risks associated with the credit

Identify relationships requiring updated financial and related information, and prepare customer correspondence related to timely collection for ongoing monitoring

Review personal and business financial statements, tax returns and other pertinent financial information

Prepare various written loan reports including: loan presentations, loan modifications, and credit file comments as needed in accordance with the Bank's loan policy and procedures and state and federal banking regulations

Recommend appropriate loan risk rating

Review loans for covenant compliance

Assist C&I team lenders with customer inquiries and servicing requests

Serve as the back-up for C&I Lenders on the team when they are out of the office

Monitor overall C&I loan portfolio exposure for maturities, delinquencies, DDA overdrafts and overall changes in credit situations

Oversee monthly borrowing base borrowers

Participate on Bank task forces and committees as needed

Represent the Bank at various community functions

Perform additional duties as requested, needed or assigned

Required Experience:

JOB REQUIREMENTS

Superior customer service skills

Excellent financial analytical skills with sound judgment and decision-making abilities

Strong written and verbal English communication skills and ability to interact with all levels of management, peers and customers

Extensive knowledge of personal/business financial statements and tax returns

Solid knowledge of financial institution policies and procedures

Strong knowledge of C&I lending practices and related areas

Ability to organize and prioritize to meet deadlines

Good time management skills and ability to handle multiple projects

Working knowledge of Microsoft office applications

Reliable, self-starter and highly self-motivated

Ability to adhere to Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing)

EDUCATION & EXPERIENCE

Two to four years' bank credit experience or related bank experience in C&I underwriting and analyzing business financial statements and tax returns is preferable

Strong knowledge of Federal and State banking regulations

WORKING CONDITIONS/PHYSICAL DEMANDS

Normal business office environment

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.

Keyword: C&I Lending

From: Needham Bank

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