The Symicor Group - Boston, MA
posted 4 months ago
The Symicor Group is a boutique talent acquisition firm that specializes in providing top-tier banking and accounting talent. Our client, a bank located in the Boston, MA area, is seeking a Commercial Portfolio Manager. This role is pivotal as it involves independently managing a Commercial Loan portfolio, focusing on both acquiring new clients and deepening relationships with existing ones. The selected candidate will be responsible for maintaining a larger lending portfolio, ensuring that the bank's existing clients are well-served while also expanding the client base. In this position, the Commercial Portfolio Manager will monitor loan covenants, structure loan proposals, and underwrite new credits from both existing and new customers. This includes handling renewals, modifications, and conducting annual reviews. The role requires proactive efforts to cultivate referral relationships and target marketing clients in line with the bank's marketing standards. The manager will also be expected to meet and exceed monthly performance goals, which include developing new profitable business relationships and enhancing the cross-sell ratio through deeper client penetration. The position involves significant engagement in both direct and indirect sales calls, representing the bank in various industry-specific trade organizations to promote loan growth. Responsibilities also include preparing financial spreads, performing covenant checks, completing loan reviews, and ensuring timely updates in the bank's electronic document storage system. The manager will analyze financial conditions, income sources, and collateral coverage of borrowers, and will be responsible for collecting updated financial information in accordance with reporting requirements. Additionally, the role includes preparing loan presentation write-ups for management and loan committee approvals, ensuring that all loans and assets are appropriately risk-rated according to the bank's policies.