Job Description
Job Description
Overview
Now Hiring: Portfolio Manager – Commercial CreditFull-Time | On-Site | Salem, NHAnnual Salary: $85,000–$100,000 Help Drive Smart Lending Decisions and Protect Portfolio Quality Bank of New England is seeking a detail-oriented and analytical banking professional to join its Commercial Credit team in Salem, NH. This role is ideal for someone with experience in commercial credit analysis, loan underwriting, or portfolio management who enjoys evaluating financial information, assessing borrower risk, and supporting sound lending decisions. As a Portfolio Manager – Commercial Credit, you will work closely with Commercial Lenders and Credit Administration to evaluate new lending opportunities, monitor existing commercial loan relationships, and help maintain a healthy loan portfolio. If you have a strong understanding of financial statements, cash flow analysis, and commercial credit fundamentals, this is an opportunity to apply your expertise in a collaborative community banking environment. What You’ll Do Commercial Credit Analysis & Underwriting
- Review and analyze commercial borrowers’ financial statements, tax returns, cash flow, and financial performance.
- Evaluate borrowers’ repayment capacity, creditworthiness, and overall financial condition.
- Assess lending requests and identify potential credit risks.
- Prepare credit analyses, underwriting reports, and supporting documentation for lending decisions.
- Assist with commercial loan structuring and provide recommendations based on financial analysis and established credit guidelines.
Portfolio Management & Monitoring
- Monitor an assigned portfolio of commercial loans and existing borrower relationships.
- Conduct periodic credit reviews, annual reviews, and loan renewals.
- Review financial statements and borrower performance to identify changes in credit quality.
- Monitor loan covenants and ensure required financial information is received and reviewed.
- Identify potential credit concerns and bring them to the attention of the appropriate stakeholders.
- Maintain accurate and organized credit files and portfolio documentation.
Collaboration & Credit Administration
- Work closely with Commercial Lenders and Credit Administration throughout the lending process.
- Communicate credit findings, financial concerns, and recommendations to relevant internal stakeholders.
- Assist with preparing portfolio reports and other credit-related documentation.
- Participate in borrower meetings and relationship management activities when needed.
- Ensure credit files and lending activities comply with internal policies, underwriting standards, and applicable regulatory requirements.
What We’re Looking For Required Qualifications
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field, or equivalent relevant professional experience.
- Approximately 3–5 years of experience in commercial banking, commercial credit analysis, loan underwriting, portfolio management, or commercial lending.
- Strong understanding of financial statement analysis and cash flow evaluation.
- Experience reviewing commercial borrowers’ financial information and assessing repayment capacity.
- Knowledge of commercial credit underwriting principles and risk assessment.
- Experience supporting or monitoring commercial loan portfolios.
- Ability to identify financial risks and prepare clear, well-supported credit recommendations.
- Strong analytical, organizational, and problem-solving skills.
- Excellent written and verbal communication skills.
- Proficiency in Microsoft Office, particularly Excel and Word.
- Ability to work independently while collaborating effectively with internal teams.
The Ideal Candidate The successful candidate will be someone who:
- Has a solid foundation in commercial credit analysis and underwriting.
- Is comfortable reviewing financial statements and evaluating business cash flow.
- Understands the importance of responsible lending and maintaining strong credit quality.
- Can identify potential borrower risks and communicate findings clearly.
- Is detail-oriented and consistent when preparing credit documentation.
- Takes ownership of assigned portfolio responsibilities and follows through on deadlines.
- Enjoys collaborating with lenders and other banking professionals.
- Demonstrates sound judgment and a commitment to accuracy and compliance.
Compensation & BenefitsAnnual Salary: $85,000–$100,000, depending on qualifications and relevant experience. Bank of New England offers a competitive compensation package and the opportunity to grow professionally within a relationship-focused community banking environment. Why Join Bank of New England? At Bank of New England, commercial lending is built on strong relationships, thoughtful financial analysis, and responsible credit decisions. You’ll have the opportunity to work alongside experienced banking professionals, contribute to meaningful lending decisions, and help maintain the financial health of a commercial loan portfolio. If you’re ready to apply your commercial banking and credit analysis experience in a collaborative environment, we’d like to hear from you! Work Environment & Employment Requirements
- Work arrangement: Full-time, on-site position in Salem, NH.
- Ability to sit, stand, and walk for extended periods.
- Ability to use computers, telephones, and standard office equipment throughout the workday.
- Employment is contingent upon successful completion of required background and credit checks.
- Employment eligibility will be verified in accordance with applicable Form I-9 requirements.
- The position is subject to the Bank’s Code of Conduct, Information Security Program, confidentiality requirements, and applicable regulatory standards.
Bank of New England is an Equal Opportunity Employer. Employment decisions are based on job-related qualifications, merit, and business needs.