Portfolio Manager I - Commercial Real Estate
Portfolio Manager I - Commercial Real Estate
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
Job Description
Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or locationlevel are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what were all about.
JOB DUTIES AND RESPONSIBILITIES include but are not limited to the following:
- Maintain and service a commercial loan portfolio assigned by Team Leader.
- In concert with Lender prepare and organize required reports file comments annual reviews memos and any other necessary documentation on a timely basis for designated relationships.
- Work with Lenders to cross sell products and services to existing relationships.
- Promote the Banks presence through active participation and attendance at various trade events.
- Responsible for performing deal screens across assigned commercial portfolio in accordance with Bank pipeline demands. Compliance with State Regulatory guidelines and Salem Fives policies and procedures is required.
- Accompany Lenders on client or prospect calls to further develop bank relationships.
- Assist Lenders with the organization and preparation/drafting of the Banks Watch List and/or MAPS as needed.
- Assists Lenders with any loan workout situations.
- Monitor the receipt and provide a review of financial statements for Bank customers to ensure they are maintained along with other information pertaining to commercial loans.
- Work collaboratively and effectively with other areas of the company.
- Demonstrate compliance with banking business laws and regulations as defined in company policies and procedures pertinent to the position.
- Acts as a subject matter expert for internal/external stakeholders.
- Communicate with external constituents; exhibit a sense of urgency toward meeting client requests
- Demonstrate basic understanding of credit documents; with some guidance contribute to term sheets structuring and review legal documents
- Ensure portfolio data is accurate timely and complete to ensure strong quality and reporting capabilities
- Maintain timely review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio.
REQUIREMENTS:
- Minimum 24 years prior Commercial Credit Analysis experience required.
- Portfolio Manager experience preferred.
- Bachelors degree in business Accounting Finance Economics or equivalent experience required.
- Commercial Real Estate analysis experience required.
EDUCATION and/or EXPERIENCE
3 5 years related commercial/credit analysis experience in addition to a bachelors degree with a business concentration or combination of the above. Incumbent should have a minimum of 3 years of credit experience and be adept at analysis underwriting documentation collection and servicing of commercial relationships. Formal credit training required.
PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job the employee is regularly required to sit and talk or hear. The employee frequently is required to stand; walk; use hands to finger handle or feel; and reach with hands and arms. The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision. Employee is required to travel to client and other locations and participate in business and community events.
Benefits/Incentives: Health Insurance Dental Vision Flexible Spending Account Health Savings Account 401k Matching Tuition Reimbursement Employee Referral Program Summer Family Outing Annual Holiday Reception and more
Salary Range: Competitive Base
Ready to applyIf this job sounds like a fit for you then click onApply/Apply Nowin this posting. We look forward to talking withyou.
Qualifiedcandidates may also submit a resume and application online at salemfive/careers or mail your resume to Human Resources 210 Essex Street Salem MA01970.
Required Experience:
Manager
Employment Type
Full-Time
