Portfolio Manager II (Commercial Lending)

Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers.

This position requires the ability to work in the Stoneham, MA offices.

Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

Salem Five believes deeply in supporting the communities in which we reside. Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA. We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees. Come see what we're all about.

JOB DUTIES AND RESPONSIBILITIES include, but are not limited to the following :

• Maintain and service a commercial loan portfolio assigned by the Team Leader. Portfolios consist of traditional C&I loans made up of not-for-profit entities and lower Middle Market privately held companies.
• Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio.
• Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio.
• In concert with Lender, assist with loan renewals, extensions, modifications, and file comments on a timely basis and in compliance with loan policy.
• Support underwriting staff by providing proper information when appropriate.
• Review legal documents and build understanding of loan documentation, with oversight and support.
• Build familiarity with loan structuring and incoming new money requests.
• Accompany Lenders on client or prospect calls to further develop bank relationships.
• Assist with regulatory examinations and compliance reviews to ensure satisfactory audit findings.
• Work collaboratively and effectively with other areas of the Bank.
• Demonstrate compliance with business banking laws and regulations as defined in company policies and procedures pertinent to the position.
• Communicate with external constituents; exhibit a sense of urgency toward meeting client requests.
• Promote the company's presence through active participation and attendance at various trade events.
• Project and maintain a professional image in the marketplace.
• Demonstrate regular attendance as is essential to this position.
• Assume additional responsibilities as requested.
• Support lender with evaluation of new loan requests, prepare deal screens and term sheets as needed.
• Serve as secondary point of contact within assigned portfolio with ability to handle routine customer service requests with minimal support.
• Serve as secondary point of contact with Bank counsel during closing process; review loan documents and provide feedback to lender / counsel.

SKILLS

EDUCATION and / or EXPERIENCE

Successful candidate should possess a minimum of 4 years related commercial / credit analysis experience in addition to a bachelor's degree with a business concentration or combination of the above. Formal credit training strongly desired.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit and talk or hear. The employee frequently is required to stand; walk; use hands to finger, handle, or feel; and reach with hands and arms. The employee must frequently lift and / or move up to 10 pounds and occasionally lift and / or move up to 25 pounds. Specific vision abilities required by this job include close vision. Employee is required to travel to store, client and other locations and participate in business and community events.

Benefits / Incentives : Health Insurance, Dental, Vision, Flexible Spending Account, Health Savings Account, 401k Matching, Tuition Reimbursement, Employee Referral Program, Summer Family Outing, Annual Holiday Reception and more

Salary Range : $90,000 - $140,000

The pay range is the lowest to highest compensation we reasonably in good faith believe we would pay at posting for this role. We may ultimately pay more or less than this range. Employee pay is based on factors like relevant education, qualifications, certifications, experience, skills, seniority, location, and performance. This range may be modified in the future.

Ready to apply ? If this job sounds like a fit for you, then click on Apply / Apply Now in this posting. We look forward to talking with you.

Qualified candidates may also submit a resume and application online at salemfive.com / careers or mail your resume to Human Resources, 210 Essex Street, Salem, MA 01970.

No unsolicited resumes accepted from agencies.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.