Job Information
Eastern Bank Business Banking Portfolio Manager I in Boston, Massachusetts
The VP Business Banking Portfolio Manager reports to the Corporate Credit division; works with Business Bankers and Commercial Credit to maintain high quality credit administration and risk management for the Business Banking portfolio. The PM will assist a Business Banker and/or self-manage the portfolio business banking loans with total exposures between $500,000 and $3,000,000, including both C&I and CRE loans. The PM will also assist in the underwriting, administration and structuring of new and existing business.
Responsibilities include, but are not limited to the following:
Tracking of Financial Reporting and Covenant, Loan renewal, and Risk mitigation strategies
Facilitate commercial loan underwriting and renewals
New loan commitment letters and the approvals of pre-closing conditions Loan advances management and approvals
Credit Risk Review Liaison Client Interaction / Customer Support
Qualifications:
Bachelors degree required
Formal credit training or prior comparable work experience 7-10 years relevant prior experience
Demonstrated experience, knowledge and judgment with structure, credit decisions and analysis
Able to grasp and understand C&I and CRE concepts and structures
Able to coach and mentor business bankers on credit skills Work independently with limited supervision
Able to prepare comprehensive, cohesive, detailed written analysis and narrative
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.