Salem Five Bank · 2 months ago
Business Banking Portfolio Manager II
Salem, MA
Full-time
Onsite
Mid Level
$80K/yr - $125K/yr
3+ years expSalem Five Bank is a growing regional financial services organization with over 160 years of history. The Business Banking Portfolio Manager II will manage and service a business banking credit portfolio, ensuring compliance with banking laws and regulations, and working collaboratively with other areas of the company.
BankingFinanceFinancial ServicesMortgage
Responsibilities
Manage, Maintain And Service a Business Banking Credit Portfolio As Defined By The Size Of Client Relationships And/or Via Assignment By Senior Leadership By
Addressing maturing credit facilities and working with account officers to increase bank exposure where appropriate
Reviewing and/or renewing demand lines of credit, commercial real estate loans, and letters of credit which may include, but not be limited to, ensuring all loan conditions are being met, collecting and reviewing customer financial statements, delinquency history, overdraft history, credit history, loan files, etc., and making appropriate recommendations to underwriting
Working directly with assigned portfolio clients in person, virtually, or via email or other communication channels during the collection of financials and other documentation when needed, and/or in general support of customer inquiries
Working with closing attorneys, accountants, lenders and support staff to ensure that all loan pre-closing conditions and post-closing conditions are met
Managing loan extensions, loan modifications, name changes, rate changes and notifications of customer dissolutions
Assisting in preparation / review of loan documents for assigned relationships
Prepare and organize required reports, memos, and any other necessary documentation on a timely basis
Demonstrate compliance with banking laws and regulations as defined in company policies and procedures pertinent to the position
Attend Weekly Delinquency meetings and assist Business Bankers with the management of delinquent loans within respective portfolios
Work collaboratively and effectively with other areas of the company and participate in projects and special assignments as a representative of Business Banking as appropriate
Qualification
Required
Bachelor's degree (B.A.) from four-year college or university
At least three (3) years of commercial/ credit analysis experience
Equivalent combination of education and experience
Adept at analysis, underwriting, and documentation
Formal credit training required
Prior Commercial and/or Business Banking credit and portfolio management experience
Benefits
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
Company
Salem Five Bank
Salem Five is a financial services company with deep roots in Massachusetts - proudly serving individuals, families, and businesses since 1855.
501-1000 employees
Funding
Current Stage
Late StageLeadership Team
Brian Shaughnessy
Chief Financial Officer
Diane G. Smith, PHR
Sr. Vice President, Sr. Strategic Business Partner
Recent News
2025-11-20
Business Insider South Africa
2023-03-31
Company data provided by crunchbase