Managed Assets Portfolio Manager II
EasternBank
Incumbent supports Managed Assets Relationship Managers to reduce credit exposure to the Bank. Incumbent will complete Managed Asset Plans and coordinate the regular reporting and covenant tracking on workout credits. Incumbent will work with limited supervision.
Major Responsibilities include but are not limited to:
Manage monthly/quarterly reporting
Oversee and coordinate completion of Managed Action Plans (MAPs) reporting Assist in impairment process QC the monthly Watch list reporting Assist in completion of Large Substandard ReportManage Financial Reporting and Covenant Tracking
Review overdue financials and exceptions monthly Coordinate updates/corrections database Report regularly on status to Relationship Manager and Team LeaderManage Credit analysts and renewal/approval backlog
Monitor all expiration dates 90-days ahead Schedule analyst workflow and priorities Provide senior credit analyst support as needed Underwrite credits as neededMonitor and track all conforming ABL credits and BBCs
Evaluate collateral position monthly Prepare monthly conformity chart on each credit Coordinate loan operations availability per monthly BBC Coordinate field exams, summarize exam results for committeeProvide Backup to Relationship Managers/Relationship Administrators as needed
Assist the team during vacations/absences as necessary Approve overdrafts & wires as necessary Provide service support as necessaryAssist in SBA liquidation process as necessary
Credit Risk Review liaison
Oversee and coordinate responses to outstanding items/issues Monitor action steps for remediation Work with Senior Credit Officer as needed re: policy, etc.Requirements
Remote work is optional, will be required on site as needed or required by the department Formally credit trained. Bachelor’s degree, or equivalent plus 2 to 5 years of work out experience, commercial lending, or portfolio management or equivalent. A sound working knowledge of commercial loan analysis and/or the legal collection process. Evidence of strong analytical and sound credit judgment, outstanding oral and written communication skills. Detailed oriented, well organized, and able to work independently and consistently. Possess strong and persuasive customer service skills. Strong PC skills required.
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