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:
- Credit Administration Functions
- Obtains information from the Lender/borrower and interfaces
with the Credit Department to ensure annual reviews and renewals
are completed on a timely basis for the assigned credit. May
include interacting with customer to obtain needed financial
information and any other documentation required to complete the
- Upon receipt of financial statements, drafts a loan comment
which will include a cursory review of the credit, cash flow and
covenant test. At lender's direction, execute strategy if there is
a violation of covenants.
- Construction Loan Monitoring- ensure advances adhere to Loan
Policy and the bank's 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 Contact
- 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, ordering appraisals, ordering
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
discretion of assigned lenders.
- Portfolio Management
- 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.
- Manages portfolio for compliance on a continual basis,
including but not limited to testing and monitoring ongoing
financial covenants and statements.
- Completes all yearly compliance training and testing and
complies with bank, federal, and state regulations. Adheres to
departmental and bank-wide service standards.
- 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 2 years related experience and/or
training; or equivalent combination of education and experience.
Computer Skills: Knowledge of computer applications including Word,
Excel and Insight as well as other internal bank systemsOther
skills and knowledge: The individual who holds the position should
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 , Commercial Portfolio Manager (Hybrid), Executive , Holyoke, Massachusetts
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