Senior Commercial Real Estate Portfolio Mgr
Position Summary
The Senior Commercial Real Estate (CRE) Portfolio Manager at Cambridge Savings Bank supports and assists CRE loan officers with preliminary underwriting review of new prospective loans, research tenants, collect market, business and financial information, and manage the credit approval process. They also assist in the management of the complete new loan and existing loan renewal process from origination to closing and post-closing monitoring. The position involves performing site inspections, collecting CRE Division borrower and property specific financial information, managing the exception reporting process, and coordinating the secure delivery of collected customer financial information to all participant banks.
Key Result Areas
Support and assist CRE loan officers as needed: Provide support as needed to loan officers with preliminary underwriting review of new prospective loans, research tenants, collect market, business and financial information. Work with loan officers on existing loan modifications/extensions, information gathering, assist in preparation of the LOS and other portfolio customer related issues. Assist in managing the credit approval process for the team. Assist lenders in the management of the complete new loan and existing loan renewal process from origination to closing and post-closing monitoring. Assist loan officers in preparing and updating credit file rating summaries and portfolio reviews. Assist loan officers in the ordering and review of third-party reports (appraisal, environmental, building condition).
Collection of CRE Division borrower and property specific financial information as required by loan approvals. Responsibilities include: Working with CRE customers for the timely collection of contractually required corporate financial statements, rent rolls, property operating statements, guarantor financial statements, tax returns via scheduled communications including letters, emails and follow-up phone calls. Manage the exception reporting process by keeping the assigned loan officers regularly informed via automated reporting systems. Monitor credit quality through the review of financial reporting information to provide early warning of possible deterioration. Coordinate the secure delivery of collected customer financial information to all participant banks. Interface when needed with Credit Administration in support of CRE portfolio audits by outside vendors and regulators.
Management reports: Responsible for collecting information and completion of regularly scheduled CRE management reports (Construction and Stabilization Risk Tracking Report). On an as needed basis assist in the coordination, design and development of various loan concentration and property sensitivity analysis reports in cooperation with Risk Management and Credit Department.
Customer Contact: Provide day-to-day point of contact for customer service issues that arise within the client base and promote good customer service. Cross-sell other bank services and products.
Additional Responsibilities: Coordinate activities and interaction with lending personnel and Credit Administration Division. Contribute to the effective team management of all CRE customer problems, issues and opportunities. Establish and maintain effective working relationships with other departments in the Bank. Perform additional duties as required.
Qualifications
College degree, preferably in business, finance, or accounting
3 to 5 years of Commercial Credit experience, with a focus on Commercial Real Estate lending
Solid understanding of financial accounting
Excellent communication, customer service, and interpersonal skills
Strong analytical skills
Strong organizational skills and ability to work independently and meet deadlines
Strong computer skills (Excel, Word), including database management (Access)
Pay
The reasonably estimated salary for this role at Cambridge Savings Bank ranges from $127,000 - $151,000. Cambridge Saving Bank will determine actual compensation for the role based on factors including, but not limited to, the successful candidate’s skills, qualifications, and experience.
Benefits
Cambridge Savings Bank offers a wide range of comprehensive and inclusive employee benefits for full-time roles including healthcare, parental planning, mental health benefits, performance bonus opportunities, a 401(k) plan and match, flexible time off, and others.
About Cambridge Savings Bank
Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers.