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Home Practice Opportunities Commercial Loan Portfolio Manager

Career Details

Full Time Dover, NH Posted on 11/23/2021

Newburyport Bank is a premier community bank in the Greater Seacoast looking to expand our team. If you are seeking an organization who treats customers, employees, and community members with respect, fairness, and an unwavering commitment to professional growth and development, apply now.

We are hiring a Portfolio Manager (PM) to handle all aspects of commercial portfolio management as it relates to assigned portfolio loans together with attracting, developing and cross-selling other deposit and commercial banking relationships in the greater Seacoast New Hampshire marketplace. The PM works with the Lender and Commercial Loan Administrator (CLA) to maintain high-quality credit administration and risk management 

Summary: The role of the  Portfolio Manager (PM)  is to handle all aspects of commercial portfolio management as it relates to assigned portfolio loans together with attracting, developing and cross-selling of other deposit and commercial banking relationships in the greater Seacoast New Hampshire marketplace. The PM works with the Lender and Commercial Loan Administrator (CLA) to maintain high-quality credit administration and risk management. 

Portfolio Management/Loan Structuring:

  • Assist Lender(s) in managing the approval process ensuring all required information has been received for proper underwriting.
  • For lines of credit or maturing loans, ensure renewals are approved/booked or extended prior to expiration/maturity.
  • Ensure loan terms are compliant with credit policy and banking regulations.
  • Ensure accuracy and consistency with loan documents.
  • Analyze and track financial covenants outlined in legal documents.
  • Identify covenant violations and manage waive process when initiated by the Lender
  • Monitor construction projects and track borrowings versus remaining availability confirming the project remains compliant with the Bank’s requirements.
  • Monitor portfolio to identify inconsistent grading and initiate grade changes when required.
  • Draft Watched Asset Reports when downgrading loans below a 6 rating and adhere to quarterly reporting requirements.
  • Draft commentary on changes in performance or issues requiring further explanation, and during periodic financial and covenant review.
  • Assist in facilitating internal and external examinations. 
  • Prepare internal and external documents including term sheets, Sage Works applications, appraisal bid requests, call memos, commitment letters, post-closing memos and loan modifications.
  • Assist a Lender or Lenders in all aspects of managing their existing portfolio as well as assisting with ongoing sales and approval efforts.    

Customer Support:

  • Establish and maintain relationships with current and prospective clients by assisting in the sales proposal process.      
  • Assist in customer correspondence including drafting proposal/commitment letters, Request for Information (RFI), covenant waivers, and renewal notifications.
  • Assist CLA with customer service issues or problem resolution.
  • Assist CLA with overdraft decisions and follow up, as needed.                                                                                                  

Requirements

  

  • Bachelor’s Degree in accounting, finance, economics, or business administration
  • Minimum of 3 years of Commercial Credit/Banking and/or related experience
  • Ability to assess financial performance and risk including identifying ways to mitigate risk to the Bank
  • Knowledge of commercial loan and deposit/treasury products·
  •  Excellent Verbal and Written communication skills

Member DIF/Member FDIC/EOE/Disabilities/Veterans/Equal Housing Lender/Bank NMLS # 413282