Job Description
POSITION: Corporate Banking Portfolio Manager
Summary:
At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity and inclusion.The Corporate Banking Portfolio Manager, under the supervision of the FVP Head of Commercial Portfolio Management, will assist with managing the credit risk and loan quality of the C&I loan portfolio, through the preparation of credit analyses for loans being proposed, renewed, or reviewed.In addition, the Corporate Banking Portfolio Manager is tasked with developing background information, spreading of financial statements in Sageworks, analyzing financial and other information, and preparing loan packages for use in the commercial loan approval and review process.
Key Result Areas:
Support and assist C&I loan officers as needed:
- Provide support as needed to loan officers with preliminary underwriting review of new prospective loans, research industries, collect market, business and financial information, and spreading financials.
- Work with loan officers on existing loan modifications/extensions, information gathering, assist in preparation of the LOS and other portfolio customer related issues.
- Assist in managing the credit approval process for the completed new loan and existing loan renewal process from origination to closing and post-closing monitoring.
- Assist loan officers in preparing and updating credit file rating summaries and portfolio reviews.
- Assist loan officers in the ordering and review of third-party reports.
- Review all legal documents with account officer to ensure compliance with the loan approval prior to closing and be a secondary contact to the Bank's attorneys.
Collection and monitoring of C&I borrower financial information as required by loan approvals. Responsibilities include:
- Work with C&I customers for the timely collection of contractually required corporate financial statements, interim financials, A/R aging reports, guarantor financial statements, and tax returns via scheduled communications including letters, emails and follow-up phone calls.
- Monitor credit quality through the review of financial reporting information and covenant compliance calculations to provide early warning of possible deterioration and maintenance of appropriate risk ratings.
- Perform credit investigations on borrowers when required by contacting suppliers and customers, obtaining bank references, and reviewing personal and business credit reports.
Management Reports:
- Responsible for collecting information and completion of regularly scheduled C&I management reports.
- Oversee the tracking of individual financial exceptions, including financials, annual reviews, covenant compliance calculations, etc. and work with the Loan Officers to clear them.
Customer Contact:
- Provide day-to-day point of contact for customer service issues that arise within the client base and promote superior customer service.
- Attend joint client calls with lending officers, when appropriate; to better understand aspects of credits being analyzed and become the secondary contact for all requests.
Additional Responsibilities:
- Ensure that the Bank's guidelines, loan policies, and procedures are adhered to in approval of new and existing loans.
- Establish and maintain effective working relationships with other departments in the Bank.
- Design and development of various loan concentration and property sensitivity analysis reports in cooperation with Risk Management and Credit Department on an as needed basis.
- Cross-departmental collaboration and assistance with the CRE Portfolio Management department on an as needed basis.
- Perform additional duties as required.
Qualifications:
- Four-year college degree, preferably in business, finance, economics or accounting.
- 3-4 years credit analysis experience, to include C&I experience.
- Completion of a formal credit training program.
- Solid understanding of financial accounting, along with strong analytical and computer skills.
- Knowledge of commercial lending operations and regulations preferred.
- Strong communication, customer service and interpersonal skills.
- Ability to work independently and meet deadlines.
Location:
Hybrid/Waltham, Massachusetts
About Cambridge Savings Bank:
Cambridge Savings Bank is a full-service banking institution with $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. In March 2023, Kroll Bond Rating Agency affirmed CSB's investment-grade rating, reinforcing the bank's position as a reliable business lender. To learn more about how CSB can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370
Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.
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Job Tags
For contractors, Interim role, Bank staff,