Metro Credit Union · 1 day ago
Commercial Services - Commercial Portfolio Manager
Chelsea, MA 02150, USA
Full-time
Onsite
Mid, Senior Level
$97K/yr - $131K/yr
5+ years expMetro Credit Union is the largest state-chartered credit union in Massachusetts, with $3.2 billion in assets. They are seeking a Commercial Portfolio Manager to oversee the commercial loan monitoring process, ensuring compliance with credit policies and managing credit risk to maintain a healthy portfolio.
BankingFinancial ServicesNon Profit
Responsibilities
Manages the ongoing credit risk of the existing loan portfolio through continuous credit monitoring (CCM) activities enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating. A CCM program includes but is not limited to annual reviews, interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance
Reviews all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data. Determines the need for more thorough investigation or additional information
Analyzes financial information and related materials and completes ongoing credit monitoring for MCU’s commercial portfolio. Risk assessment of customers is on an ongoing basis with a focus on identifying emerging risks or material changes in customers’ financial position, including evaluation of compliance with the loan agreement. Analysis includes an independent credit quality assessment for existing loans with well-supported risk rating rationale, identification of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues
Monitors credit performance of customer portfolios and escalate or remediate, as appropriate
Responsible for the timeliness of the monitoring activities and ensure credit policy compliance by verifying adherence of monitoring activities to the Commercial Credit Policy, and evaluating any risk associated with non-compliance
Performs additional duties as required by management
Qualification
Required
Bachelor's degree and/or equivalent combination of education and work experience strongly preferred
Minimum 5 years of experience in commercial credit, financial statement preparation/analysis or other financial analysis strongly preferred
Previous experience working with a business/commercial lending team strongly preferred
Strong technology skills; proficient office software applications including word processing, spreadsheets, and presentation software
Strong working knowledge of credit agreement and other loan documentation
Demonstrated excellent verbal and written skills, interpersonal skills, and analytical and problem-solving skills
Benefits
Health, Dental, and Vision coverage for employees working minimum of 20 hours/week; Metro provides assistance toward premiums and copays
Sales Incentives; annual retention bonus vesting program
Three weeks paid vacation; 11 paid holidays
401(k) with matching plan & safe harbor plan – allowing every employee to save for retirement. Metro contributes 3% regardless of employee’s contribution
Wellness Incentives; Employee Assistance Program; Flexible Spending Account; Health Savings Account; Prescription Drug program and range of voluntary benefits (LTD, STD, AD&D); access to no-interest loans; $150/Quarter reimbursements for wellness and lifestyle expenses
Discounts on Pet Insurance
Strong growth opportunities with development plans and position-related or job-related tuition assistance to help you attain your long-term career goals
Exceptional training program (classroom, on-the-job, and mentoring)
Stable and growing organization
Company
Metro Credit Union
Metro Credit Union is a banking and financial service provider company.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Robert Cashman
Chief Executive Officer
Recent News
BiometricUpdate.com
2025-06-05
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