Welcome to PeoplesBank! We are the largest mutually chartered bank in Western Mass and Northern Connecticut and a leader in green values, sustainable energy financing, and charitable giving. We operate in the best interest of our customers and strive to be an inclusive and engaging work environment. We offer excellent compensation, workplace flexibility, and a competitive benefits package to our associates. Our award-winning culture has earned us recognition as Best Place to Work and Best Local Bank. Come join our team of dedicated and innovative individuals and contribute to our dynamic, successful organization.
Summary: The Commercial Portfolio Manager is responsible for gathering financial and general business information pertaining to customer and prospect loan requests. The position is responsible for performing financial analysis needed to make credit decisions and ensures quality of work to ensure the consistency and timeliness of underwriting.
Essential Duties and Responsibilities include the following:
- Credit Administration Functions
- Obtains information from Lender/borrower and interfaces with the Credit Department to ensure annual reviews and renewals are completed on a timely basis for the assigned credit managed by the lender’s portfolio.
- Upon receipt of financial statements, drafts a loan comment which will include a cursory review of the credit, cash flow and covenant test.
- Construction Loan Monitoring - ensure advances adhere to Loan Policy and the bank’s construction loan procedures.
- Monitors and clears financial and legal exceptions.
- Backup support for assigned lenders - will be a borrower’s secondary contact in the absence of the lender.
- Shared responsibility with lender for the credit process early on in the relationship.
- Attend closings with the assigned lenders, become familiar with the legal documentation of a transaction.
- Broaden loan collection experience. Monitor delinquency and overdrafts of the accounts of the assigned lenders and own portfolio.
- When applicable, prepare quarterly watched asset reports at the direction of assigned lenders.
- Identify cross-selling/referral opportunities for the business.
- May be designated to become industry expert for a specific area of the business.
- Portfolio Analysis/Management
- At the discretion/direction of the Senior Lender, work on projects/reports encompassing various aspects of the commercial loan portfolio.
- Perform periodic inspections at customer sites to ensure adherence to loan agreements and terms.
- Partner with Credit and Lending teams to address exceptions identified by internal/external auditors or examiners.
- Prepare credit packages for annual reviews, renewals, loan requests and watched assets.
- Manage portfolio for compliance on a continual basis.
- May train and support Credit Analysts to ensure accurate and efficient analysis in accordance with lending policies.
- Completes all yearly compliance training and testing and complies with bank, federal, and state regulations.
- Other duties may be assigned as the business need dictates.
Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.
Education and/or Experience: Bachelor’s Degree and four+ years related experience and/or training; or equivalent combination of education and experience.
Skills needed:
- Must have experience in underwriting a variety of credits; both commercial real estate as well as C & I.
- Maintain solid credit quality through timely and thorough credit administration.
- Ability to structure and document new loans, recognize weak credits or identify problems can lead to problem loans and charge-offs.
- Ability to work independently and provide mentorship to junior members on team.
- Be knowledgeable on all regulatory requirements for lending and loan policy.
- Strong communication and presentation skills.
- Strong interpersonal skills - Team oriented.
Certifications, Licenses and/or registrations: N/A
Computer Skills: Knowledge of computer applications including Word and Excel and the ability to adapt to and learn other software systems used by the Credit Department and Bank.
Work Environment and Physical Demands:
The working conditions and physical demands described here are representative of those that must be met by an associate 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 associate is regularly required to sit, use hands to sort, write and keyboard, and to listen and speak. The associate is frequently required to reach, walk, stoop, crouch. The associate is occasionally required to stand, lift, bend, drive and travel.
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