Business Banking Portfolio Manager III

About the role

The VP, Business Banking Portfolio Manager III (“PM III”) reports to the Corporate Credit division and works with Business Bankers and Commercial Credit to maintain effective credit administration and risk management practices for the Business Banking portfolio.

Responsibilities

• Manage and complete loan advances for approval
• Communicate with Relationship Managers and borrower in regards to financial covenants and financial performance
• Obtain customer information and statements to complete financial analysis
• Underwrite transactions for assigned customers of team
• Attend and fully participate at Credit Committee and Predeal Committee
• Ensure accurate completion of Terms & Conditions for loans within nCino
• Become an expert with industry terminology
• Provide guidance and support to direct reports
• Initiate or expand development plans for direct reports, providing appropriate training and learning opportunities based on present and future job responsibilities
• Give direction to team and make recommendations to Team Lead for policy enhancements / exceptions
• Maintain understanding of Bank’s Credit Policy & Business Banking procedures
• Obtain customer information and statements to complete financial analysis
• Perform and oversee underwriting of transactions for assigned customers of team
• Ensure accurate completion of Terms & Conditions for loans within nCino
• Become an expert with industry terminology
• Track dashboards and reporting to evaluate portfolio KPI’s and KRI’s
• Offer new commercial lending perspectives on special projects
• Develop and maintain proficiency with nCino, OPTIMA, FIS, Collateral360 and CASH systems
• Aid in the clean up of data within systems
• Develop and maintain proficiency with nCino, OPTIMA, FIS, Collateral360 and CASH systems

Requirements

• A Bachelor’s Degree in Finance, Accounting or Economics is preferred.
• 10+ years in commercial banking experience with evidence of prior involvement in the underwriting and management of commercial loans.
• Exposure to a broad range of commercial lending products and knowledge of commercial loan concepts and structure, specifically with C&I loans and CRE mortgages.
• Requires accounting, credit and regulatory knowledge.
• Advanced degree preferred but not required if there is material banking experience.
• Prior experience with SBA loans and/or managing workout credits is a plus.

Qualifications

• Strong credit risk analytics skills with a proven ability to interpret complex financial data and identify key risk factors.
• Strong project management skills and experience.
• Ability to effectively engage in verbal and written communication, including management presentations.
• Proficient technical skills including Microsoft office with emphasis on PowerPoint, Excel and Word.
• Advanced knowledge of nCino, OPTIMA, FIS, Collateral360 and CASH systems.
• Comprehensive understanding of all aspects of credit, applicable regulations and knowledge of the Bank’s Credit Policy.
• Demonstrated ability to work as part of a team.
• Ability to coach and mentor Relationship Managers and Portfolio Managers on credit concepts and market factors.

Skills

• Strong credit risk analytics skills with a proven ability to interpret complex financial data and identify key risk factors.
• Strong project management skills and experience.
• Ability to effectively engage in verbal and written communication, including management presentations.
• Proficient technical skills including Microsoft office with emphasis on PowerPoint, Excel and Word.
• Advanced knowledge of nCino, OPTIMA, FIS, Collateral360 and CASH systems.
• Comprehensive understanding of all aspects of credit, applicable regulations and knowledge of the Bank’s Credit Policy.
• Demonstrated ability to work as part of a team.
• Ability to coach and mentor Relationship Managers and Portfolio Managers on credit concepts and market factors.

Benefits

Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.

Pay

Hiring Range: $98,738 - 162,212. The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply.

Schedule

N/A