Job Description
About Brookline Bank, a division of Beacon Bank & Trust
Since 1871, Brookline Bank, a division of Beacon Bank & Trust, has built a legacy of consistent financial strength, trust, outstanding banking services, and strong customer relationships. Today, we have 28 branches that deliver an expanding array of valuable banking and financial services geared to helping individuals and businesses manage their finances. As a trusted financial resource to our customers, it's our everyday commitment to do more, deliver more, and exceed expectations.
What is Brookline Bank’s most valuable asset? Our employees! That's why we offer competitive pay and excellent benefits which includes a matching 401k. We pride ourselves on hiring candidates that embrace our Core Four Values: Adaptability, Accountability, Leadership, and Teamwork.
Brookline Bank provides a great working environment that offers opportunities for advancement.
We are currently seeking a Portfolio Manager to join the team in our Back Bay office. The Portfolio Manager will manage existing portfolios of commercial customers, analyze and underwrite credit risk for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.
Principal Duties and Responsibilities
Credit Underwriting
• Analyze and underwrite credit requests in a timely fashion by using some or all of the following
resources: applications, spreads, financial statements, tax returns, credit bureaus, meetings with customers/prospects, appraisals, web research and other resources as necessary.
• Determine if request is in compliance with Bank policy and note exceptions.
• Discuss deal structure, cash flow, collateral, and customer character with Commercial Bankers Recommend alternative credit structures or products where appropriate.
• Accompany Commercial Bankers on customer calls and interact extensively with customers in person and over the phone.
• Interact with attorneys and financial professionals including CPA’s, CFO’s, etc. as needed to assist
in the underwriting and closing process.
• Present analysis in written proposals for appropriate approvals and present as directed to the appropriate approval authority.
• Prepares loan memorandums.
• Conducts market surveys through contact with brokers, online research, etc.
Portfolio Management
• Manage existing portfolio of customers by tracking and preparing annual renewals for lines of credit, reviews of term debt, and reviews of overdraft lines of credit. Maintain tracking database with updated information as needed.
• Conduct independent property inspections in conjunction with annual reviews.
• Identify potential problem loans and deficiencies.
• Assist customers when needed with questions regarding loans and retail products.
Job Specifications
- Bachelor’s degree in relevant field
- A minimum of (4) four years of commercial credit experience is required.
- Formal credit training is preferred
- Excellent written and oral communication skills
- Extensive knowledge of Microsoft Office suite products
- Understanding of Banking compliance requirements
- Be well versed in the Bank’s credit policy and underwriting standards