Commercial Loan Portfolio Manager, Central One Federal Credit Union, Auburn, MA

About Us

At Central One, our values are to Deliver Exceptional Service, Work as a Team, Have Fun, and the Credit Union philosophy of People Helping People; all while striving to be C.E.N.T.R.A.L. One Ambassadors. CENTRAL stands for Caring, Enthusiastic, Nimble, Team-Oriented, Resilient, Altruistic and Loyal. At the core of our values lies a commitment to our community, members, and employees, with a focus on overall well-being.

Responsibilities

• Contribute to commercial lending activities by managing the risk of the commercial loan portfolio through periodic reviews of existing commercial relationships, preparing loan modifications, and producing monthly and quarterly reports.
• Manage the coordination and collection of existing commercial loan members’ required financial reporting (monthly, quarterly, and annual) in accordance with loan terms, conditions, and Loan Policy requirements.
• Monitor and manage the commercial loan portfolio on a continuing basis for collateral and credit quality, providing early warning of possible deterioration, including covenant testing, completion of periodic reviews, and monitoring of risk ratings.
• Ensure timely loan renewals, covenant monitoring, and periodic relationship reviews.
• Prepare clear, well-supported credit documentation, review memoranda, and risk commentary suitable for internal approval, audit, and regulatory review.
• Review exceptions, documentation issues, maturity exposure, covenant breaches, and other risk indicators; ensure matters are appropriately tracked, resolved, or escalated.
• Approve commercial loan requests and modifications within delegated authority limits.
• Assist in the coordination, design, and development of various loan concentration and property sensitivity analysis reports.
• Perform in-depth underwriting analysis of commercial borrowers’ character, creditworthiness, and financial condition.
• Support the lending function by providing analytical support to the commercial lending team.
• Analyze financial statements, tax returns, cash flow analyses, collateral valuations, business projections, and related material to prepare written credit analysis of individual and corporate borrowers.
• Develop credit information for use by lenders and the Member Business Loan Committee in lending decisions on new loans, renewals, and extensions.
• Review and analyze property financial information to determine actual income, expenses, and projected debt service coverage.
• Review credit reports, appraisals, environmental reports, title reports, and loan documentation for collateral property.
• Provide quality analysis of financial statements according to established format and within parameters of the loan review program; analyze and prepare written analysis of new commercial member loan requests.
• Examine and review loan documentation for accuracy and completeness, referring deficient files to the Vice President of Commercial Lending.
• Complete loan review forms, research, compile, and ensure accuracy of information, including conducting credit investigations and the preparation and packaging of loan documentation.
• Prepare various reports for Management, such as monthly and quarterly loan status reports.
• Review loan exception reports and track outstanding items, focusing on attention to detail with respect to compliance and applicable regulations.
• Oversee and manage financial information files to assure current reports, statements, accounts receivable, and other information on customer accounts.
• Provide technical advice and assistance to loan officers as needed.
• Generate business through promoting and cross-selling all COFCU programs and encourage new credit union membership.
• In the absence of the VP of Commercial Lending, meet with applicants and obtain information regarding earnings and financial condition to evaluate the applicant's creditworthiness.
• Assist with internal and external audits and examinations.
• Stay current on job-related equipment, procedures, and information by reading handouts/memos, attending meetings and seminars, and other necessary means.
• Adhere to all applicable Credit Union policies, procedures, and regulations.
• Participate in special projects and community activities, as needed.
• Perform miscellaneous duties as requested.

Requirements

• Bachelor’s degree required, preferably in accounting or finance.
• 3-5 years of financial analysis experience in a banking environment; a working knowledge of commercial credit analysis.

Skills

• Knowledge of credit and financial analysis techniques.
• Strong understanding of loan risk factors.
• Demonstrated ability to independently gather, consolidate, analyze, and summarize data to provide well-considered recommendations for all levels of credit relationships.
• Ability to perform detailed work in an accurate, organized, and efficient manner.
• Ability to work independently in a collaborative environment.
• Ability to exercise judgment and make decisions or recommendations.
• Dependable and loyal; self-starter who is willing to take initiative, innovate, and be creative to improve departmental operation and member service.
• Detail-oriented with strong communication skills.

Pay

$76,000 - $98,000 per year commensurate with experience.

Schedule

This position is eligible for a hybrid work arrangement with a combination of in-office and remote days upon completion of in-office training period.