Job Information
Eastern Bank Commercial Portfolio Manager III in Boston, Massachusetts
The PM III will support an assigned portfolio within the Commercial Real Estate group. They will demonstrate the ability to complete financial risk analysis and credit documentation with limited guidance from their manager or relationship manager. This role will also contribute to loan structuring, customer calls and should be comfortable with regular interactions with senior management.
In depth knowledge, compliance and application of credit policy and procedures to maintain high quality credit administration of Commercial customers with limited guidance.
Proactive accurate risk rating analysis and recommendation
Identification and documentation of exceptions to policy
Underwriting and Due Diligence
Analysis of complex financials as relate to Commercial Real Estate assets.
Contribute to transaction structuring
Engaged in credit committee presentations
Complete underwriting with clear identification of lending risks and mitigating factors
Accurate completion of the T&C within nCino
Accurate completion of RACs
Obtain and analyze industry information and offer conclusions
Portfolio Management
Monitor and complete financial covenants, financial reporting requirements, and annual reviews.
Monitor reports for expiring Maturity Date, Commitment Review Date, Commitment Renewal Date and complete renewals on time.
High quality credit file documentation
Prepare documentation for regular portfolio reviews and active engagement at regular portfolio reviews.
Ongoing monitoring of Borrower financials and follow appropriate risk management procedures.
Identify and surface risks and concerns with the RM/TL/GD.
Provide regular and ongoing guidance and training to the PM I / Commercial Analyst and PM II
Engage in conversations and answer straightforward questions with Bank counsel with manager oversight, as needed
Knowledge of commercial lending legal documentation.
Review of the legal documents to ensure compliance with approved terms and conditions.
Master in nCino, OPTIMA, FIS, RIMs and CASH
Strong knowledge in other job specific systems like Costar, Guidestar, D&B, etc.
Regular interaction with customers to resolve credit inquiries and obtain underwriting material information.
Provide client management support for assigned portfolio.
Participate in and offer a commercial lending perspective in special projects, as needed
Education and Experience:
Bachelor’s degree preferred
Formal credit training preferred
3-4 years experience in commercial credit analysis
Analytical, organizational, and interpersonal service skills
Strong understanding of the various Commercial Real Estate sectors and differing risk profiles of each.
Strong MS Excel skills
nCino/SalesForce experience
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an Equal Opportunity Employer of women, people of color, LGBTQIA+, religion, national origin, citizenship, neurodivergence, age, Veterans, individuals with disabilities, or any other characteristic protected by law.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.
