VP, Team Leader Commercial Portfolio Management

Newburyport Bank is a community bank supported by the strength of our shared services organization River Run and banking affiliates Pentucket Bank and Rollstone Bank and Trust. Together we shape the evolution of community banking through innovation and strong partnerships while preserving the personalized service our customers value. Here you will discover opportunities that will guide you along your professional journey and allows you to make a meaningful impact in your local community as you join a team that champions integrity collaboration and continuous progress. Journey Well!

The Team Leader manages a team of Commercial Portfolio Managers and all aspects related to the commercial portfolio management function. The TL-PM may also be responsible for supporting multiple lenders in the management of their respective loan portfolios. The TL-PM works with Credit Administration Lenders and Commercial Loan Administrators (CLAs) to maintain high quality credit administration and risk management.

• Coaches the Commercial Portfolio Management team to ensure continued development and opportunities for growth and achievement and optimal performance.
• Assists Commercial Lenders in managing the approval process ensuring all required information has been received for proper underwriting.
• Ensures renewals are approved/booked or extended prior to expiration/maturity for lines of credit or maturing loans.
• Ensures loan terms are compliant with credit policy and banking regulations.
• Ensures accuracy and consistency with loan documents.
• Analyzes and tracks financial covenants outlined in legal documents.
• Identifies covenant violations and manages waiver process when initiated by the Lender.
• Monitors construction projects and tracks borrowings versus remaining availability confirming the project remains compliant with the Banks requirements.
• Monitors portfolio to identify inconsistent grading and initiates grade changes when required.
• Drafts Watched Asset Reports when downgrading loans below a 6 rating and adheres to quarterly reporting requirements.
• Drafts commentary on changes in performance or issues requiring further explanation and during periodic financial and covenant review.
• Prepares internal and external documents including term sheets Sageworks applications appraisal bid requests call memos commitment letters post-closing memos and loan modifications.
• Assists Lenders in all aspects of managing their existing portfolio ongoing sales and approval efforts.
• Establishes and maintains relationships with current and prospective clients by assisting in the sales proposal process.
• Assists in customer correspondence including drafting proposal/commitment letters Request for Information (RFI) covenant waivers and renewal notifications.

• Bachelors degree in Accounting Finance Economics or Business Administration.
• Minimum of 5 years of Commercial Credit/Banking and/or related experience.
• Minimum of 3 years of previous supervisory or management experience.

Newburyport Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race color ancestry national origin gender sexual orientation marital status religion age disability gender identity results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process you may contact Human Resources at or call .

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience skills and internal equity to ensure fairness and consistency across our organization.