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Portfolio Manager - Commercial and Industrial Lending

Portfolio Manager - Commercial and Industrial Lending

Needham BankNeedham, MA, United States
30+ days ago
Job type
  • Full-time
  • Part-time
Job description

Portfolio Manager - Commercial and Industrial Lending

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Job Tracking ID : 512272-900847

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Job Location :

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Job Level : Mid Career

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Level of Education : BA / BS

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Job Type : Full-Time / Regular

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Date Updated : 08 / 22 / 2025

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Years of Experience : 2 - 5 Years

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Job Description

Responsible for ongoing portfolio management in the C&I Lending area as well as managing and growing a portfolio of C&I clients with loan and non-loan related business.

ESSENTIAL DUTIES & RESPONSIBILITIES

  • Support the growth and development of an assigned C&I portfolio, effectively managing clients with loan and non-loan products
  • Complete or review credit analyses on existing and prospective loan accounts
  • Write detailed narrative reports regarding the relationship, including the history of the relationship, a review of financial data, collateral coverage, ability to service debt and the risks associated with the credit
  • Identify relationships requiring updated financial and related information, and prepare customer correspondence related to timely collection for ongoing monitoring
  • Review personal and business financial statements, tax returns and other pertinent financial information
  • Prepare various written loan reports including : loan presentations, loan modifications, and credit file comments as needed in accordance with the Bank's loan policy and procedures and state and federal banking regulations
  • Recommend appropriate loan risk rating
  • Review loans for covenant compliance
  • Assist C&I team lenders with customer inquiries and servicing requests
  • Serve as the back-up for C&I Lenders on the team when they are out of the office
  • Monitor overall C&I loan portfolio exposure for maturities, delinquencies, DDA overdrafts and overall changes in credit situations
  • Oversee monthly borrowing base borrowers
  • Participate on Bank task forces and committees as needed
  • Represent the Bank at various community functions
  • Perform additional duties as requested, needed or assigned

Experience and Skills

JOB REQUIREMENTS

  • Superior customer service skills
  • Excellent financial analytical skills with sound judgment and decision-making abilities
  • Strong written and verbal English communication skills and ability to interact with all levels of management, peers and customers
  • Extensive knowledge of personal / business financial statements and tax returns
  • Solid knowledge of financial institution policies and procedures
  • Strong knowledge of C&I lending practices and related areas
  • Ability to organize and prioritize to meet deadlines
  • Good time management skills and ability to handle multiple projects
  • Working knowledge of Microsoft office applications
  • Reliable, self-starter and highly self-motivated
  • Ability to adhere to Needham Bank's Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing)

    • EDUCATION & EXPERIENCE

  • Two to four years' bank credit experience or related bank experience in C&I underwriting and analyzing business financial statements and tax returns is preferable
  • Strong knowledge of Federal and State banking regulations

    • WORKING CONDITIONS / PHYSICAL DEMANDS

  • Normal business office environment

    • Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

    At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn't align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

    Needham Bank is an Equal Opportunity / Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.

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    Commercial Portfolio Manager • Needham, MA, United States