AVP - Commercial Portfolio Manager (Hybrid)
Posted on: August 6, 2022
Job DescriptionWelcome to PeoplesBank! We are the largest
mutually chartered bank in Western Mass and we are located in
Northern CT and West Hartford, CT. We are 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.
This role may be performed in a hybrid model, where you can balance
work from home and office to match the needs and role requirements.
Essential Duties and Responsibilities include the following: Other
duties may be assigned.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
lenders portfolio. May include interacting with customer to obtain
needed information and any other documentation required to complete
- Upon receipt of financial statements, drafts a loan comment
which will include a cursory review of the credit, cash flow and
covenant test. At lenders direction, execute strategy if there is a
violation of covenants.
- Construction Loan Monitoring - ensure advances adhere to Loan
Policy and the banks construction loan procedures. Monitor advances
in comparison to budget and ensure that all requisite documents
required by the state and prudent lending practices are obtained
prior to disbursement.
- Monitors and clears financial and legal exceptions.Customer
- Backup support for assigned lenders -will be a borrower?s
secondary contact in the absence of the lender. Will answer
customer inquiries or direct customer to answer source, as needed,
with the goal to deliver a positive customer experience.
- New Opportunities - Shared responsibility with lender for the
credit process early on in the relationship. Assist with call
preparation and calling on client or prospect with lender when
possible. Lender will maintain oversight of the deal and structure
but the portfolio manager will be responsible for preparing the
deal summaries presented to the Senior Leadership in Commercial
Lending. Deal summary to be a pre-screen assessment of the credit
to include an analysis of the financial condition, cash and
collateral as well as risks within the frame work of the bank's
credit culture. The PM will also be the liaison with Credit in
obtaining additional information in order for the deal to be
underwritten in accordance with the bank's standards. Follows loan
from application to closing, a process which may include ordering
and reviewing commitment letters, appraisals, 21Es, and working
with the attorneys as well ensuring underwriting conditions are met
prior to closing.
- Attend closings with the assigned lenders, become familiar with
the legal documentation of a transaction. Assist lender in
preparing the closing comment for the file.
- Broaden loan collection experience. Monitor delinquency and
overdrafts of the accounts of the assigned lenders and own
portfolio. Begin working through the collection process by
monitoring delinquency weekly and contacting customers for payment
directly. Work with the assigned lender on collection efforts and
be included in customer meetings in order to learn the different
approaches to working with accounts in distress.
- When applicable, prepare quarterly watched asset reports at the
direction of assigned lenders.
- Identify cross-selling/referral opportunities for the
- May be designated to become industry expert for a specific area
of the business. As an expert in that area, the PM will be a
resource to the Commercial and Credit team and may directly manage
a portfolio of accounts specific to that industry.Portfolio
- At the discretion/direction of the Senior Lender, work on
projects/reports encompassing various aspects of the commercial
loan portfolio (e.g. Industry analysis, interest rate risk, stress
- 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.
- May be relied upon to prepare commercial loan portfolio white
papers on key lending sectors, industries and other areas with
material lending credit risk exposure.
- Prepare credit packages for annual reviews, renewals, loan
requests and watched assets.
- Manages portfolio for compliance on a continual basis,
including but not limited to testing and monitoring ongoing
financial covenants and statements.
- May train and support Credit Analysts to ensure accurate and
efficient analysis in accordance with lending policies.Other
- Completes all yearly compliance training and testing and
complies with bank, federal, and state regulations. Adheres to
departmental and bank-wide service standards. Participates in
divisional meetings and Premiere Promise discussions.
- Adheres to departmental and bank-wide service standards.
Complies with Bank Policies and Procedures.
- 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: Bachelors Degree and four+ years related experience
and/or training; or equivalent combination of education and
experience. This position is typically a step up from 1-2+ years
experience in the Portfolio Manager I position.Skills needed:
- Computer Skills.
- Knowledge of computer applications including Word, Excel and
Insight as well as other internal bank systems
- Must have experience in underwriting a variety of credits; both
commercial real estate as well as C & I.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. Ability to
work in a fast-pace office environment. Candidate will work
primarily normal business hours, by may require flexibility in
schedule to accommodate business and project's needs. While
performing the duties of this job, the associate is regularly
required to sit; use hands to keyboard; and to hear or talk. The
associate is frequently required to stand, walk, bend, reach,
grasp, and pull. The associate is occasionally required to lift,
carry, kneel, crouch, and drive. Associate must have ability to
focus on computer screen for long periods, ability to read detailed
Keywords: PeoplesBank, Springfield , AVP - Commercial Portfolio Manager (Hybrid), Executive , Holyoke, Massachusetts
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