Rockland Trust is currently seeking a Commercial Portfolio Manager for our Brighton location. This is an exciting opportunity to work in a highly successful lending center focused on Commercial lending.
The Portfolio Manager (PM) role is a "credit oriented" role responsible for the preparation of effective analyses, risk administration, and making independent credit recommendations, with a particular emphasis on adherence to credit policy, financial analysis, risk assessment, ongoing portfolio maintenance, and maintaining risk ratings to ensure quality and soundness for credit transactions. The PM works with a specified group of loan officers broken out by lending center and reports directly to the Commercial Credit Officer.
- Completes due diligence and prepares analysis of commercial borrowers and prospects, including compiling financial and business data and spreading financial statements for modest and complex transactions.
- Assesses risk and makes independent credit recommendations, including but not limited to evaluating obligor risk ratings on both new and existing relationships providing input in the loan decisioning process.
- Maintains timely renewals of loan maturities, covenant compliance, and annual reviews for assigned lending team.
- Continuously monitors existing loans and credit lines to ensure compliance with terms and proactively manages risk/exposure and compliance with Credit Policy for assigned portfolio.
- Identifies early client risk/exposure, early detection of volatile industries and markets for assigned portfolio within designated region to proactively minimize potential losses.
- May interact by phone/email/in person with existing and potential customers on credit or risk related matters.
- May identify cross-sell opportunities.
Core Competencies:
- Ability to make lending recommendations, which are based on the analysis of the business' and guarantor's ability to repay, collateral analysis, loan structure, and other credit considerations.
- Ability to communicate effectively with colleagues, customers, and third parties to ascertain and address risk in both new opportunities and existing loans.
- Will act as a liaison between the assigned lending team and the Credit Administration/Operations Department for portfolio management/credit related processes.
Minimum Qualifications:
- Formal Credit Training.
- Minimum 3 years' prior Commercial Credit Analysis required, Portfolio Manager experience preferred.
- Bachelor's Degree in Business, Accounting, Finance, Economics or equivalent experience.
- Commercial Real Estate analysis experience required, Tax Credit financing experience preferred.