Position Title: Commercial Loan Portfolio Manager
Department: Commercial Lending
Schedule Type: Hybrid
Grade: III
East Cambridge Savings Bank’s Lending Division is actively recruiting for a Commercial Loan Portfolio Manager (Hybrid).
Function:
Under the guidance of the Senior Vice President-Commercial Lending Manager, oversees the credit and loan quality of the Bank’s commercial loan portfolio in accordance with established Bank policies, procedures and strategic goals.
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We are looking for candidates with: *
- Bachelor's degree in business administration, or the equivalent through education and training in lending and credit areas.
- Seven years of commercial lending experience.
- Three to five years of supervisory or management experience.
- Well-developed analytical, negotiation, and verbal and written communication skills required.
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Primary Responsibilities: *
- Manages the daily operations of loan portfolio staff by providing guidance and direction. Assigns tasks and responsibilities based on their complexity, and the knowledge and experience levels of subordinates. Conducts periodic performance appraisals and provides training and assistance to staff in completion of assignments as needed.
- Manages the financial reporting and covenant tracking for commercial loan relationships. Manages and maintains an assigned portfolio by: facilitating borrower financial reporting submissions to the Bank; reviewing the status of overdue financials and exceptions; and updating and maintaining financials and covenants on a regular basis. Provides Commercial Lending Manager and Commercial Lending Officers with regular status updates.
- Conducts annual assessment to determine liquidity, quality of management, market position and overall business climate to estimate future profitability of business.
- Monitors current loans and credit lines to ensure compliance with terms. Reports discrepancies to Senior Management.
- Monitors loan maturity expiration dates 90 days in advance. Ensures the timely completion of credit file updates and Loan Officer comments. Assists with loan rating adjustments.
- Performs loan review analysis and underwrites credits as needed.
- Monitors and tracks loans requiring Borrowing Base Certificates and Accounts Receivable aging. Evaluates collateral position and prepares monthly conformity chart on each credit. Coordinates with loan operations availability per monthly BBC/AR aging.
- Works closely with customers and Commercial Lending Officers to ensure all documentation is in place and applicable terms and conditions are adhered to. Ensures that all loans that are incomplete due to missing documentation are reported to Management. Routinely reviews asset quality of all loans assigned. Reports to Senior Management any findings that may have an adverse affect on loan collateral or a borrower’s ability to repay the loan.
- Attends client/prospect calls with Commercial Lending Officers to gain a thorough understanding of the client/prospect and their business to effectively assist in prospect conversions, renewals and annual reviews. Assists with customer inquiries as needed.
- Identifies and follows up on specific leads offering business development opportunities, promoting the Bank’s services and placing the prospect in contact with appropriate Bank personnel. Manages a limited number of customer relationships by providing customer oversight, identifying and providing product solutions, and ongoing servicing of account relationships.
- Responsible for the completion of management reports including the coordination, design and development of various loan concentration and stress testing analysis reports.
- Maintains a good working knowledge of the Bank’s lending policies and procedures and identifies deviations from policy. Maintains knowledge of industry and field, recommending and assisting in special assignments/projects. Keeps abreast of legal and regulatory developments.
- Maintains knowledge of the Bank Secrecy Act (BSA), Anti-Money Laundering (AML), Customer Identification Program (CIP), and Office of Foreign Assets Control (OFAC) regulatory requirements. Ensures that management and staff members complete BSA related annual training in a timely manner and that all BSA procedures are followed when applicable. Identifies and reports compliance related issues and suspicious activity.
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Other Job Responsibilities: *
- Performs related managerial, administrative and special projects as required or assigned to ensure the ongoing effectiveness of the lending function.
- Manages special projects as assigned.
- Participates in civic activities to promote growth and development in the community and a positive image for the Bank.
Contact our Human Resources Division or visit www.ecsb.com/careers for more details and to apply.
Or submit your resume to:
Email: recruit@ecsb.com Fax: 617-252-6877 Phone: 617-354-7700
East Cambridge Savings Bank, Attn: Human Resources
344 Cambridge Street Cambridge, MA 02141
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East Cambridge Savings Bank is an Equal Opportunity Employer/Disabled/Veterans_
Job Type: Full-time