Sr. Portfolio Manager
Apply NowCompany: Bank Rhode Island
Location: Boston, MA 02115
Description:
Principal Objective
To manage existing portfolios of commercial customers. Analyze and underwrite credit risk for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.
Principal Duties and Responsibilities
Credit Underwriting
Portfolio Management
Job Specifications (Skills, Knowledge and Abilities Required)
Behavioral Skills
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time.
To manage existing portfolios of commercial customers. Analyze and underwrite credit risk for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.
Principal Duties and Responsibilities
Credit Underwriting
- Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, spreads, financial statements, tax returns, credit bureaus, meetings with customers/prospects, appraisals, web research and other resources as necessary.
- Determine if request is in compliance with Bank policy and note exceptions.
- Discuss deal structure, cash flow, collateral, and customer character with Commercial Bankers
- Recommend alternative credit structures or products where appropriate.
- Accompany Commercial Bankers on customer calls and interact extensively with customers in person and over the phone.
- Interact with attorneys and financial professionals including CPA's, CFO's, etc. as needed to assist in the underwriting and closing process.
- Present analysis in written proposals for appropriate approvals and present as directed to the appropriate approval authority.
- Prepares loan memorandums.
- Conducts market surveys through contact with brokers, online research, etc.
Portfolio Management
- Manage existing portfolio of customers by tracking and preparing annual renewals for lines of credit, reviews of term debt, and reviews of overdraft lines of credit.
- Maintain tracking database with updated information as needed.
- Conduct independent property inspections in conjunction with annual reviews.
- Identify potential problem loans and deficiencies.
- Assist customers when needed with questions regarding loans and retail products.
- Performs other related duties as required or directed
Job Specifications (Skills, Knowledge and Abilities Required)
- Bachelor's degree in relevant field
- A minimum of (6) six years of commercial credit experience is required
- Excellent written and oral communication skills
- Extensive knowledge of Microsoft Office suite products
- Understanding of Banking compliance requirements
- Be well versed in the Bank's credit policy and underwriting standards
Behavioral Skills
- Consistently demonstrate behaviors associated with Brookline Bancorp's Core Four values: adaptability, accountability, leadership, and teamwork.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time.