Portfolio Manager II

Opportunity.OpportunityDetail.JobDetails

Opportunity.OpportunityDetail.Description

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we’re all about. 

JOB DUTIES AND RESPONSIBILITIES include, but are not limited to the following: 

• Maintain and service a commercial loan portfolio assigned by the Team Leader. Portfolios consist of traditional C&I loans made up of not-for-profit entities and lower Middle Market privately held companies.
• Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio.
• Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio.
• In concert with Lender, assist with loan renewals, extensions, modifications, and file comments on a timely basis and in compliance with loan policy.
• Support underwriting staff by providing proper information when appropriate.
• Review legal documents and build understanding of loan documentation, with oversight and support.
• Build familiarity with loan structuring and incoming new money requests.
• Accompany Lenders on client or prospect calls to further develop bank relationships.
• Assist with regulatory examinations and compliance reviews to ensure satisfactory audit findings.
• Work collaboratively and effectively with other areas of the Bank.
• Demonstrate compliance with business banking laws and regulations as defined in company policies and procedures pertinent to the position.
• Communicate with external constituents; exhibit a sense of urgency toward meeting client requests.
• Promote the company's presence through active participation and attendance at various trade events.
• Project and maintain a professional image in the marketplace.
• Demonstrate regular attendance as is essential to this position.
• Assume additional responsibilities as requested.
• Support lender with evaluation of new loan requests, prepare deal screens and term sheets as needed.
• Serve as secondary point of contact within assigned portfolio with ability to handle routine customer service requests with minimal support.
• Serve as secondary point of contact with Bank counsel during closing process; review loan documents and provide feedback to lender/counsel.

SKILLS

• Strong credit skills
• Ability to work independently and directly with lenders.
• Required to mult-task (lenders/clients) as it relates to collection of required financial information.
• Good with technology and systems; ability to develop a solid understanding of the Bank’s NextGen system.

EDUCATION and/or EXPERIENCE

Successful candidate should possess a minimum of 4 years related commercial/credit analysis experience in addition to a bachelor’s degree with a business concentration or combination of the above. Formal credit training strongly desired.

PHYSICAL DEMANDS 

The physical demands described here are representative of those that must be met by an employee 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 employee is regularly required to sit and talk or hear.  The employee frequently is required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms.  The employee must frequently lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.  Specific vision abilities required by this job include close vision. Employee is required to travel to store, client and other locations and participate in business and community events.  

Benefits/Incentives:  Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401k Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more  

Salary Range:            Competitive Base   

Ready to apply? If this job sounds like a fit for you, then click on Apply/Apply Now in this posting. We look forward to talking with you.   

Qualified candidates may also submit a resume and application online at salemfive.com/careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.  

Opportunity.OpportunityDetail.Qualifications

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)