Business Banking Portfolio Manager in Lynn, MA at Eastern

Date Posted: 11/29/2019

Job Snapshot

Job Description

When you join Eastern Bank, you join the largest and oldest mutual bank in the country. We pride ourselves in having knowledgeable and experienced professionals that can provide the expertise, personal attention and service our customers deserve.
As the fourth-largest full-service commercial bank in Greater Boston, we are able to offer you unique opportunities for career growth throughout the organization, as well as a competitive compensation and benefits program.
As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us.
The VP Business Banking Portfolio Manager reports to the Corporate Credit division; works with Business Bankers and Commercial Credit to maintain high quality credit administration and risk management for the Business Banking portfolio. The PM will assist a Business Banker and/or self-manage the portfolio business banking loans with total exposures between $500,000 and $3,000,000, including both C&I and CRE loans. The PM will also assist in the underwriting, administration and structuring of new and existing business.

Responsibilities include, but are not limited to the following:
  • Tracking of Financial Reporting and Covenant, Loan renewal, and Risk mitigation strategies
  • Facilitate commercial loan underwriting and renewals
  • New loan commitment letters and the approvals of pre-closing conditions
  • Loan advances management and approvals
  • Credit Risk Review Liaison
  • Client Interaction / Customer Support

Job Requirements

Education and Experience:
  • Bachelor’s degree required
  • Formal credit training or prior comparable work experience
  • 7-10 years relevant prior experience
Skills/Knowledge:
  • Demonstrated experience, knowledge and judgment with structure, credit decisions and analysis
  • Able to grasp and understand C&I and CRE concepts and structures
  • Able to coach and mentor business bankers on credit skills
  • Work independently with limited supervision
  • Able to prepare comprehensive, cohesive, detailed written analysis and narrative