Talent.com
AVP, Commercial Portfolio Manager III
AVP, Commercial Portfolio Manager IIIBerkshire Bank • Worcester, MA, United States
serp_jobs.error_messages.no_longer_accepting
AVP, Commercial Portfolio Manager III

AVP, Commercial Portfolio Manager III

Berkshire Bank • Worcester, MA, United States
job_description.job_card.variable_days_ago
serp_jobs.job_preview.job_type
  • serp_jobs.job_card.full_time
job_description.job_card.job_description

Division : Commercial

Department : Mid Mkt / CRE / Business Banking

Reports to : SVP, Commercial Team Leader - Mid Mkt / CRE / Business Banking

Status : Exempt / Officer

Grade : 11

Salary Range : $66,699 - $141,734

Actual compensation within the pay range will be decided based on factors including, but not limited to, skills, prior relevant experience, and specific work location.

Location : Worcester, MA - 386 Main St

Purpose / Objective :

Provides support to Relationship Managers (RM) in underwriting as well as monitoring and servicing an existing portfolio of complex loans and borrowing relationships. Continuously evaluates operational and financial performance to maintain portfolio quality and risk rating accuracy. Interacts with customers as well as bank employees to address credit and deposit service related matters in a satisfactory manner. Assists Relationship Managers in all aspects of servicing customers both internally and externally.

Key Accountabilities :

Portfolio Size / Composition

  • Assists multiple Relationship Manager(s) (RM) with the management of a defined portfolio of existing Middle Market (C&I) customers, and / or Commercial Real Estate (CRE) customers, and / or Business Banking customers with more complex financing needs.
  • Customer borrowing needs of $500M or more and typically $2.5MM-$25MM+
  • Customers may require specialized knowledge / industry expertise (C&I / CRE / ABL / Healthcare), including a general understanding of borrowing base / formula-followed line of credits
  • May be asked to manage

Portfolio Underwriting / Monitoring / Maintenance

  • Completion of underwriting for New Money Requests, Modifications and Annual Reviews for relationships in addition to, periodic file memos / covenant tests, waivers per policy under the direction of the RM as a deal team
  • Takes minutes for deals underwritten that require approval at Management Loan Committee (MLC)
  • Assists RM in the proactive management of the portfolio to ensure early detection of material changes in customer performance and risk rating changes.
  • Ability to prepare Opportunity Memo's under the direction of the RM for new business requests that would be presented to senior lender and senior credit officer.
  • Works with the team to manage all reporting requirements including ongoing tracking via Baker Hill to ensure timely receipt of all financial, collateral, borrowing base, insurance, letter of credit and documentation exception / post-closing information including scanning information into Image Centre
  • Requests Appraisals / Environmental Reports under the direction of the RM
  • Enters Line of Credit advance / pay down requests in SharePoint
  • Ensures completion of CIP Form(s) including any other required Know Your Customer compliance due diligence
  • Ensures satisfactory documentation or maintenance of all insurance requirements within loan documents
  • Assists RM with the approval of all overdrafts as appropriate
  • Ensures Credit File completeness in Image Centre including saving customer financials
  • Performs monthly reviews of borrowing bases and supporting financial documentation including a loan conformity chart to ensure detection of any material changes in customer performance. Compiles and reviews documentation with RMs and updates SharePoint to ensure borrowing availabilities updated on core system. And saves all applicable information in Image Centre
  • Involved in monitoring formula followed lines of credit and respective responsibilities for these types of
  • Provides tracking and acts as liaison for the commercial team on Loan Review exceptions for financials and DLS related items
  • Interfaces with other Banks for participation loans as lead or participant to provide or gather required financial reporting or other relevant information relative to the loan / relationship

    • Credit / Analytical Skills

  • Credit Trained or equivalent level of experience to perform underwriting responsibilities
  • Ability to assess financial performance and risk including identifying ways to mitigate risk to the bank
  • Solid working relationship with commercial lending group to ensure ongoing credit quality of portfolio and interfacing with Senior Credit Officer and Senior Lender for Annual Reviews, Modifications and New Money Requests under the direction of the RM
  • Strong working knowledge of Loan policy and proven ability to adhere to sound risk management / pricing practices as well as to all internal and external credit / regulatory requirements

    • Customer Service / Support

  • Provides excellent customer service
  • Assists RM with customer problem resolution and interfaces with the appropriate internal banking departments
  • Assists RM in call preparation
  • Accompanies RM on calls as appropriate

    • Deal Structuring / Loan Closing

  • Assists RM in loan structuring and term sheet preparation
  • Assists RM in completing Profitability Model
  • Assists RM in the review of loan documentation
  • Assists RM with Loan Closings and post-closing follow up

    • Internal Partner Relationships

  • Interacts with internal partners under the direction of the RM
  • Provides mentorship to Commercial Portfolio Manager I and IIs and Portfolio and Administrative Manager

    • Product Knowledge

  • Solid knowledge of Commercial Credit Products and Services
  • Working with RM and internal partners to develop basic understanding of how to identify cross sell opportunities

    • Networking / Community Involvement

  • Networking at community events with the lending team and meeting Centers of Influence to develop a presence in the Community.

    • Special Projects

  • Assists with special projects as necessary and instructed by RM and / or Team Leader
  • Conducts Archer Testing as appropriate
  • Ensures compliance with all banking laws, rules, regulations, and prescribed policies / practices / procedures necessary to reduce risk and uphold ethical standards related to and required by one's duties.

    • Education :

  • BS Degree in Business, Accounting or Finance
  • Equivalent financial experience
  • MBA a plus

    • Experience :

  • Minimum of 5+ years of Commercial Credit / Banking and / or related experience

    • Skills & Knowledge :

  • Excellent written and verbal communications skills
  • Ability to present identified issues and recommended solutions to RM / Senior Management as appropriate
  • Ability to multi-task and meet timeframes as directed by the RM / Senior Management
  • Strong computer skills
  • Ability to work as a member of team in a fast-paced environment

    • We endeavor to make this site accessible to any and all users.

    Berkshire Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us at hr@berkshirebank.com.

    serp_jobs.job_alerts.create_a_job

    Portfolio Manager Iii • Worcester, MA, United States

    Job_description.internal_linking.related_jobs
    Remote Finance Director - AI Trainer ($50-$60 / hour)

    Remote Finance Director - AI Trainer ($50-$60 / hour)

    Data Annotation • Fitchburg, Massachusetts
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time +1
    We are looking for a finance professional to join our team to train AI models.You will measure the progress of these AI chatbots, evaluate their logic, and solve problems to improve the quality of ...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    Medical Director of an inpatient Behavioral facility | greater Boston, MA area

    Medical Director of an inpatient Behavioral facility | greater Boston, MA area

    Jackson Physician Search • Devens, US
    serp_jobs.job_card.full_time
    We are seeking a Medical Director to lead our inpatient facility.The Medical Director directs the clinical programs of the organization according to the guidelines established for all staff physici...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Product Development Program Manager, Ground Encryptor

    Product Development Program Manager, Ground Encryptor

    Viasat • Marlborough, MA, United States
    serp_jobs.job_card.full_time
    At Viasat, we're on a mission to deliver connections with the capacity to change the world.For more than 35 years, Viasat has helped shape how consumers, businesses, governments and militaries arou...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    Lead Investment Planner, Investment Planning

    Lead Investment Planner, Investment Planning

    National Grid USA • Northborough, MA, United States
    serp_jobs.job_card.full_time
    Our team is responsible for the development of the long-term capital investment plans for the New England Electric Business aligned with the operational needs, regulatory priorities, and performanc...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    APU Finance Business Partner MnS

    APU Finance Business Partner MnS

    Sanofi Group • Northborough, MA, United States
    serp_jobs.job_card.full_time
    APU Finance Business Partner MnS.Northborough, MA Framingham, MA.Ready to push the limits of what's possible? Join Sanofi in one of our corporate functions and you can play a vital part in the perf...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    Manager of Software Engineering

    Manager of Software Engineering

    Neighborhood Health Plan of Rhode Island • Smithfield, RI, United States
    serp_jobs.job_card.full_time
    Smithfield, RI - Smithfield, RI.The Manager of Software Engineering is responsible for leading the design, development, and implementation of system integration solutions.This person leads a team o...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    AVP, Commercial Portfolio Manager III - Worcester, MA

    AVP, Commercial Portfolio Manager III - Worcester, MA

    Berkshire Bank • Worcester, MA, United States
    serp_jobs.job_card.full_time
    Back 30d AVP, Commercial Portfolio Manager III #1481 Worcester, Massachusetts, United States Apply X Facebook LinkedIn Email Copy Job Description. SVP, Commercial Team Leader - Mid Mkt / CRE / Business ...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Managing Director, Health Care Finance Solutions

    Managing Director, Health Care Finance Solutions

    UMass Med School • Westborough, MA, United States
    serp_jobs.job_card.full_time
    Managing Director, Health Care Finance Solutions.Under the general direction of the Deputy Executive Vice Chancellor (DEVC) of Operations, ForHealth Consulting, the Managing Director, Health Care F...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    Client Service Manager II

    Client Service Manager II

    Arthur J Gallagher & Co • Westborough, MA, US
    serp_jobs.job_card.full_time
    Branch Client Service Manager II.At Gallagher, we help clients face risk with confidence because we believe that when businesses are protected, they're free to grow, lead, and innovate.You'll be ba...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    Accounting Manager

    Accounting Manager

    Holistic Industries • Westborough, MA, United States
    serp_jobs.job_card.full_time
    We are Growers, We are Wholesalers, We are Producers, We Are Budtenders, We are Retailers, We are Partners, and We are Hiring. The Accounting Manager serves as a critical resource in maintaining fin...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_1_day • serp_jobs.job_card.promoted
    Pharmaceutical Sales Representative

    Pharmaceutical Sales Representative

    Syneos Health / inVentiv Health Commercial LLC • Leominster, MA, United States
    serp_jobs.job_card.full_time
    Join Syneos Health in partnership with a large Biopharmaceutical company as a Pharmaceutical Sales Representative (PSR).Become a part of a fast-paced and challenging environment where our compassio...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Senior Manager, Investment Analysis

    Senior Manager, Investment Analysis

    Fidelity • Smithfield, RI, US
    serp_jobs.job_card.full_time
    The FI Organization is seeking an Investment Analyst with knowledge of capital markets, multiple asset classes, and the competitive landscape. The analyst is responsible to enable our field investme...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Clinical Director- Hospice

    Clinical Director- Hospice

    Tufts Medicine Care at Home • Pepperell, MA, US
    serp_jobs.job_card.full_time
    About Tufts Medicine Care at Home Care at Home is the region’s most trusted provider of home health and hospice care for infants, children and adults. Our care teams proudly serve 110 cities and t...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_1_day • serp_jobs.job_card.promoted
    Remote Financial Controller - AI Trainer ($150 per hour)

    Remote Financial Controller - AI Trainer ($150 per hour)

    Mercor • Fitchburg, Massachusetts, US
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time
    UK / Canada / Europe / Singapore / Dubai / Australia-based • •Investment Banking or Private Equity Experts • • for a research project with a leading foundational model AI lab. You are a good fit if you : - Have •...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Senior Manager Business Development (Remote)

    Senior Manager Business Development (Remote)

    Leonardo DRS • Fitchburg, MA, United States
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time
    The Leonardo DRS Naval Power Systems business is a trusted provider of innovative naval gas and hybrid power systems, control technology and support solutions for the U. Navy and navies around the w...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Financial Advisor (CFP Preferred)

    Financial Advisor (CFP Preferred)

    Jobot • Westborough, MA, US
    serp_jobs.job_card.full_time
    This Jobot Job is hosted by : Julia Toms.Are you a fit? Easy Apply now by clicking the "Apply Now" button and sending us your resume. Salary : $100,000 - $125,000 per year.The Company is a nationally ...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted
    Territory Sales Manager

    Territory Sales Manager

    Uline • Marlborough, MA, US
    serp_jobs.job_card.full_time
    Pay from $85,000 to $135,000 per year.Uline, a name millions of businesses across North America know and trust, is looking for an experienced Territory Sales Manager to build our growing Marlboroug...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_variable_days • serp_jobs.job_card.promoted
    Remote Equity / Option Trader

    Remote Equity / Option Trader

    Maverick Currencies • Worcester, MA
    serp_jobs.filters.remote
    serp_jobs.job_card.full_time +1
    Top-ranked proprietary trading firm, Maverick Currencies, is searching for entrepreneurially-minded, profit-driven people to be trained in the art and science of proprietary trading in its online c...serp_jobs.internal_linking.show_more
    serp_jobs.last_updated.last_updated_30 • serp_jobs.job_card.promoted