Commercial Portfolio Manager
Camden National Bank
full-time
Posted on:
Location Type: Hybrid
Location: Portland • Maine • United States
Visit company websiteExplore more
Job Level
About the role
- Monitor the performance of existing commercial customers within an assigned portfolio to ensure compliance with covenants, financial condition and risk rating.
- Discuss any perceived weakness or potential credit problems with the Banking Officer, Director of Commercial Banking and/or other appropriate parties.
- Independently request and follows up in a timely manner the borrowers’ submission of financial information on a monthly, quarterly or annual basis as it applies.
- Analyze work to conform to regulatory guidelines and Bank policies.
- Ensure compliance with applicable regulations including, but not limited to, Reg B and HMDA.
- Assist the Commercial Banking Officers with more advanced transactions including preparing loan requests for the underwriting process.
- Assist commercial banking officers with preparation for loan closings; reviews loan documentation, ensures closing conditions are satisfied, coordinates the closing, attends the loan closing, creates post-closing memos and any follow-up items with attorney as necessary.
- Prepare term sheets and commitment letters in accordance with the approval document.
- Assist with any renewals or modifications to existing loans within the assigned portfolio.
- Work directly with customers and Commercial Banking Officers on construction disbursement requests ensuring required documentation is obtained.
- Perform routine, thorough annual reviews of relationships in an assigned loan portfolio to ensure accurate risk grades and data integrity at all times.
- Perform site inspections as required.
- Train new team members as needed.
Requirements
- 1-2 years of commercial underwriting experience with the capacity to evaluate strengths and weaknesses of a wide variety of credit facilities
- Knowledge of commercial banking products including but not limited to construction lending, asset based lines of credit and letters of credit
- Extensive knowledge of commercial lending policy including all applicable regulations and laws (preferred)
- 3 + years of commercial banking experience (preferred)
- Bachelor’s degree (B.A.) from a four year college or university (preferred)
Benefits
- Robust medical, dental, and vision insurance packages
- Generous time off, including paid federal holidays and paid day off for your birthday
- 401(k) retirement savings plan
- Tuition reimbursement, professional development, and career growth opportunities
- Employee assistance program
- Comprehensive wellness program
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
commercial underwritingcredit evaluationloan documentationfinancial analysisrisk gradingterm sheets preparationcommitment letters preparationconstruction lendingasset based lines of creditletters of credit
Soft Skills
communicationteam trainingproblem-solvingattention to detailorganizational skills