Talent.com
VP, Portfolio Manager - Mid Mkt at Berkshire Bank Worcester, MA

VP, Portfolio Manager - Mid Mkt at Berkshire Bank Worcester, MA

Itlearn360Worcester, MA, United States
30+ days ago
Job type
  • Full-time
Job description

Overview

VP, Portfolio Manager - Mid Mkt job at Berkshire Bank. Worcester, MA.

Division : Commercial Department : Middle Market Reports to : Various Status : Exempt / Officer Grade : 12 Salary Range : $80,083 - $170,031

Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location : Worcester, MA - 386 Main St.

Purpose / Objective Provides relationship management support to Relationship Managers (RM) in generating, monitoring and servicing of new and existing portfolio of complex loans and borrowing relationships within Middle Market. Continuously evaluates operational and financial performance to maintain portfolio quality and risk rating accuracy. Interacts with prospects and customers as well as bank employees to address credit and deposit service-related matters in a satisfactory manner. Assists Lending Officers in all aspects of servicing and / or managing customers / prospects.

Key Accountabilities

Portfolio Size / Composition

  • Assists RMs with the management of a defined portfolio of existing Commercial Customers with revenues between $10MM and $1B and borrowing needs of >

$1.0MM or more.

  • Customers may have unique and / or more challenging banking needs.
  • Customers may require specialized knowledge / industry expertise (CRE / ABL / Middle Market).
  • May be asked to manage accounts.

    • Portfolio Monitoring / Maintenance

  • Assists RM in the proactive management of the portfolio to ensure early detection of material changes in customer performance.
  • Manages all reporting delinquencies including ongoing tracking via Baker Hill / Stuckey to ensure timely receipt of all financial, collateral, borrowing base, insurance, letter of credit and documentation exception / post-closing information including scanning information into Vision Content.
  • Completion of Annual Reviews for relationships less than $3.0MM (as necessary), periodic file memos, modifications and waivers per policy under the direction of the RM.
  • Requests Appraisals / Environmental Reports under the direction of the RM.
  • Enters Line of Credit advance / pay down requests in SharePoint.
  • Ensures completion of CIP Form(s) including any other required Know Your Customer due diligence.
  • Assists RM with the approval of all overdrafts as appropriate.
  • Ensures Credit File completeness in FCM.
  • Performs distribution and minutes of Opportunity Review Committee as applicable
  • Provides tracking and acts as liaison for the commercial team on Loan Review exceptions for financials and DLS related items
  • Interfaces with other Banks for participation loans as lead or participant to provide or gather required financial reporting or other relevant information relative to the loan / relationship

    • Credit / Analytical Skills

  • Credit Trained or years of equivalent level of experience.
  • Ability to assess financial performance and risk including identifying ways to mitigate risk to the bank.
  • Solid working relationship with Credit Partners to ensure ongoing credit quality of portfolio and interfacing with credit for Annual Reviews under the direct of the RM.
  • Preparation of Opportunity Review Memos with minimal guidance from the RM.
  • Underwriting as necessary.
  • Strong working knowledge of Loan policy and proven ability to adhere to sound risk management / pricing practices as well as to all internal and external credit / regulatory requirements.
  • May have specialized industry / market knowledge consistent with portfolio (ABL / CRE / Middle Market).

    • Customer Service / Support

  • Provides excellent customer service.
  • Ability to resolve customer problems independently and interfaces with the appropriate internal banking departments.
  • Assists RM in call preparation.
  • Accompanies RM on calls as appropriate as well as going on calls independently to smaller customers.

    • Deal Structuring / Loan Closing

  • Assists RM in loan structuring and term sheet preparation including ability to independently draft term sheets for less complicated deals for review and provide structural suggestions to RM.
  • Completes Profitability Model.
  • Ability to review most loan documentation with minimal guidance from RM.
  • Assists RM with Loan Closings and post-closing follow up with the ability to conduct Loan Closings on less complicated deals independently.

    • Partner Relationships

  • Demonstrated solid working relationships with internal partners including Credit, Documentation & Loan Specialists, Risk Management, Cash Management, Private Banking, Wealth Management, Retail, Insurance and Home Lending.
  • Interacts with partners with minimal supervision of the RM.

    • Product Knowledge

  • Solid knowledge of Commercial Credit Products and Services.
  • Developing well-rounded knowledge of products sold by internal partners including Cash Management, Private Banking, Wealth Management, Retail and Home Lending.
  • Ability to identify various cross sell opportunities and make solid product recommendations to meet customer needs.

    • Networking / Community Involvement

  • Actively working to expand and develop Centers of Influence and presence in the Community.

    • Special Projects

  • Assists with all special projects including Loan Review / Regulator Audit preparation, ongoing due diligence, industry research and portfolio scrubs as needed.
  • Conducts Archer Testing as appropriate.
  • Any specific Syndication and Middle Market projects such as development of White Papers, Business Line planning, and general new business opportunities.

    • Ensures compliance with all banking laws, rules, regulations, and prescribed policies / practices / procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.

    Education

  • BS Degree in Business, Economics or Finance
  • Equivalent financial experience
  • MBA a plus

    • Experience

  • Minimum of 10 years of Commercial Credit / Banking and / or related experience

    • Skills & Knowledge

  • Solid written and verbal communications skills
  • Ability to present identified issues and recommended solutions to RM / Senior Management / ORC / ELC as appropriate.
  • Ability to multi-task and meet timeframes as directed by the RM / Senior Management
  • Strong computer skills
  • Ability to work as a member of team.
  • Act as mentor to less senior PMs

    • Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity or national origin.

    #J-18808-Ljbffr

    Create a job alert for this search

    Portfolio Manager • Worcester, MA, United States

    Related jobs
    • Promoted
    Power & Utilities Portfolio Manager - VP

    Power & Utilities Portfolio Manager - VP

    Associated Bank - CorpMA, United States
    Full-time
    At Associated Bank we strive to create an inclusive culture where different perspectives are valued and recognized as strengths critical to our success. If you thrive in an environment where your gr...Show moreLast updated: 10 days ago
    • Promoted
    Assistant Professor - Management

    Assistant Professor - Management

    Franklin Pierce UniversityRindge, NH, US
    Full-time +1
    Are you passionate about shaping the future of students and contributing to academic excellence? Franklin Pierce University is situated on a beautiful campus in Rindge, New Hampshire between Nashua...Show moreLast updated: 8 days ago
    • Promoted
    VP, Portfolio Manager - Mid Mkt at Berkshire Bank Worcester, MA

    VP, Portfolio Manager - Mid Mkt at Berkshire Bank Worcester, MA

    Itlearn360Worcester, MA, United States
    Full-time
    VP, Portfolio Manager - Mid Mkt job at Berkshire Bank.Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and...Show moreLast updated: 30+ days ago
    • Promoted
    Portfolio Manager-Advisory Solutions (HNW)

    Portfolio Manager-Advisory Solutions (HNW)

    Franklin ResourcesHanscom Afb, MA, US
    Full-time
    Portfolio Manager, Advisory Solutions.Fiduciary Trust International is a premier investment and wealth management firm with a commitment to growing and protecting wealth across generations.We offer...Show moreLast updated: 30+ days ago
    • Promoted
    Assistant Professor - Marketing

    Assistant Professor - Marketing

    Franklin Pierce UniversityRindge, NH, US
    Full-time +1
    Join Our Team! Faculty Position in Marketing at Franklin Pierce University.Are you passionate about shaping the future of students and contributing to academic excellence? Franklin Pierce Universit...Show moreLast updated: 8 days ago
    • Promoted
    • New!
    Executive Partner

    Executive Partner

    Envision Technology Advisors LLCPawtucket, RI, United States
    Full-time
    Executive Partner at Envision Technology Advisors LLC summary : .The Executive Partner at Envision Technology Advisors leads strategic sales efforts to deliver comprehensive IT solutions including Te...Show moreLast updated: 13 hours ago
    • Promoted
    Financial Customer Associate - Bilingual- Merrimack

    Financial Customer Associate - Bilingual- Merrimack

    Fidelity InvestmentsNew Ipswich, NH, US
    Full-time
    Do you genuinely enjoy making a difference in the lives of others? If you answered “.Bilingual Financial Customer Associates (FCA) in our Merrimack site. We have multiple Spanish teams that pr...Show moreLast updated: 9 days ago
    • Promoted
    Portfolio Manager - Commercial and Industrial Lending

    Portfolio Manager - Commercial and Industrial Lending

    Needham BankNeedham, MA, US
    Full-time +1
    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 &...Show moreLast updated: 30+ days ago
    • Promoted
    FINANCE & ACCOUNTING DIRECTOR - Manufacturing / Relo New Bedford, MA

    FINANCE & ACCOUNTING DIRECTOR - Manufacturing / Relo New Bedford, MA

    Manufacturing RecruitersAttleboro, MA, US
    Full-time
    FINANCE & ACCOUNTING DIRECTOR - Manufacturing.Our client is looking for a strategic, hands-on Director of Finance & Accounting with experience in manufacturing.Position reports to EVP &...Show moreLast updated: 2 days ago
    • Promoted
    VP of Compliance

    VP of Compliance

    The Arc of OpportunityFitchburg, MA, US
    Full-time
    Exciting Leadership Opportunity : Vice President of Compliance at The Arc!.Interested in working for a company that has led the way to improving the lives of individuals with Developmental Disabilit...Show moreLast updated: 7 days ago
    • Promoted
    Commercial Portfolio Manager - C&I

    Commercial Portfolio Manager - C&I

    Robert HalfNeedham, MA, US
    Full-time
    We are looking for an experienced Commercial Portfolio Manager to join client's team in the Greater Boston area.In this role, you will oversee the growth and management of a Commercial & In...Show moreLast updated: 14 days ago
    • Promoted
    Senior Product Manager, Global Product Management

    Senior Product Manager, Global Product Management

    COLE-PARMER INSTRUMENT COMPANYFranklin, MA, US
    Full-time
    Senior Product Manager, Global Product Management.Reports To : VP, Global Product Marketing, ZeptoMetrix.Position Location : Buffalo, NY Franklin, MA highly preferred. FLSA Status (Exempt / Non-Exempt) : ...Show moreLast updated: 30+ days ago
    • Promoted
    Business Development Associate

    Business Development Associate

    Venture SolarSturbridge, MA, US
    Full-time
    Venture Solar is hiring a Business Development Associate.A Business Development Associate is not a lead generation role where you will be asked to knock on doors or cold call.We are seeking experie...Show moreLast updated: 10 days ago
    • Promoted
    Vice President, Residential Mortgage / CRA Officer

    Vice President, Residential Mortgage / CRA Officer

    Triumph-HRWalpole, MA, US
    Full-time
    Vice President, Residential Mortgage / CRA Officer.Are you an experienced mortgage professional with a heart for service and a sharp eye for compliance? Walpole Co-operative Bank is seeking a.Vice ...Show moreLast updated: 30+ days ago
    • Promoted
    • New!
    Associate or AVP Asset Management - must have 4-8 years experience

    Associate or AVP Asset Management - must have 4-8 years experience

    RJK Co., Inc.Burlington, MA, United States
    Full-time
    Associate or AVP Asset Management - must have 4-8 years experience at RJK Co.The Associate or AVP Asset Management is responsible for managing a portfolio of commercial real estate assets including...Show moreLast updated: 3 hours ago
    • Promoted
    Dealership Finance Manager - Salem Ford

    Dealership Finance Manager - Salem Ford

    Key Auto GroupSalem, NH, US
    Full-time
    Key Auto Group believes that our people are the most important part of our team, and we focus on our team members first.Our success in each area of our business is only attainable by having a cultu...Show moreLast updated: 27 days ago
    • Promoted
    Chief Financial Officer

    Chief Financial Officer

    King & BishopWorcester County, MA, US
    Full-time
    We are thrilled to partner with a small, reputable, Massachusetts-based company to find the perfect fit for their CFO!.You’ll own FP&A, cash / treasury (13-week), GAAP close, investor / lende...Show moreLast updated: 5 days ago
    • Promoted
    Director of Information Technology (IT)

    Director of Information Technology (IT)

    Franklin Pierce UniversityRindge, NH, US
    Full-time
    Located in Rindge, NH, Franklin Pierce University (FPU) is close to Boston and New York City yet provides the natural beauty and safety of a rural campus, with access to outdoors activities, the ar...Show moreLast updated: 7 days ago
    • Promoted
    Remote Finance Director - AI Trainer

    Remote Finance Director - AI Trainer

    Data AnnotationPawtucket, Rhode Island
    Remote
    Full-time +1
    We are looking for a finance professional to join our team to train AI models.You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the q...Show moreLast updated: 29 days ago
    • Promoted
    Senior Loan Officer

    Senior Loan Officer

    Pinnacle Mortgage CorpDayville, CT, US
    Full-time
    Our mortgage professionals prioritize personalized attention, ensuring tailored financial solutions for purchasing a home, refinancing, or consolidating debt. Unlike larger nationwide mortgage firms...Show moreLast updated: 30+ days ago