C&I Portfolio Manager

Job Description

The Portfolio Manager role is credit orientated reporting on a solid-line basis to the Commercial Credit Officer. Portfolio Managers typically support designated Lending Officers and use their credit skills to underwrite and manage a portfolio of loans. Performance reviews are reputed company by the Commercial Credit Officer with input from the Regional Manager and Lending Officers. Office location is in Peabody with hybrid schedule flexibility.

Responsibilities

RESPONSIBILITIES • Under the direction and review of the Commercial Credit Officer, the PM is responsible for independently evaluating structure and reputed company loan exposure, ensuring appropriate compliance with reputed company bank requirements; • Commands a thorough and complete knowledge of the Bank’s Loan reputed company and Administration Guidelines (LUAG) and Credit Policy; • Manages the approval and commitment process (e.g. Senior Loan Approval Committee) ensuring compliance with Credit Policy and accuracy of documents and supporting exhibits; • Proactively manages credit risk and exposure for an assigned portfolio; initiates credit modifications and risk rating upgrading/downgrading, modifying terms and frequency of covenants, financial reporting, collateral reputed company, audit schedule, etc; • Maintains timely renewals of loan maturities for assigned lending team; • Manages Covenant Compliance by monitoring, testing, and preparing waivers and reservation of rights letters reputed company required; • Facilitates borrower financial reporting submissions to Bank. Responsible for evaluating financial performance of borrower and determining an appropriate risk rating; • Identifying early client risk/exposure, early detection of volatile industries and markets for assigned portfolio reputed company designated region; • Ensure the timely completion of credit file updates; • Collaborates in coordinating pre-closing activities; • At the direction of and with assistance of Lending Officer, interacts reputed company phone/email and may visit in person with existing customers and prospects on credit or risk reputed company matters; • May identify cross sell opportunities.

Qualifications

Required Skills: • Ability to reputed company lending recommendations, based on analysis of the borrower’s reputed company to repay, collateral, management ability and character, projection analysis, industry trends and market position. • Demonstrates an understanding and proficiency in working with loan documentation. • Ability to conduct diligence sessions with borrowers as needed to reputed company information and determine whether the loan would be an acceptable risk to the Bank. • Act as a Liaison between assigned lending team and the Credit Administration/Operations Department. Required Experience • Three or more years of credit reputed company and portfolio management experience, specifically in C&I credit • Bachelor Degree in Business, Accounting, Finance, Economics or equivalent. • Formal Credit Training preferred. • Ability to utilize deductive and inductive reasoning to solve problems. • Ability to understand new information and apply it for future problem-solving and decision-making. Our goal is to offer our colleagues the most generous benefits package possible. We strive to provide colleagues with a comprehensive benefits package and an environment that supports a healthy work-life balance. Benefits include: Competitive compensation with performance incentive awards, Health Insurance, Dental Insurance, a 401K and DC Plan for your retirement, LTD & Life Insurance, Day Care Reimbursement, Tuition Assistance for graduate and undergraduate programs, an award winning Wellness program and much more! At Rockland Trust you'll find a respectful and inclusive environment where everyone is given the chance to succeed. We are an equal opportunity employer and reputed company qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national reputed company, disability status, protected veteran status, or any other characteristic protected by law. Reasonable accommodations may be made to reputed company individuals with disabilities to reputed company the essential functions. Apply Job!