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Portfolio Manager - Providence, RI

Company: Brookline Bancorp
Location: Providence
Posted on: September 22, 2022

Job Description:

This website is AudioEye enabled and is being optimized for accessibility. To open the AudioEye Toolbar, press "shift + =". Some assistive technologies may require the use of a passthrough function before this keystroke. For more information, activate the button labeled "Explore your accessibility options". If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process. Full-Time Professionals: Mid Turks Head HQ, Providence - RI, Providence, RI, US 14 days ago Requisition ID: 1795 Bank Rhode Island is a full-service financial institution with 20 branches headquartered in Providence, Rhode Island. As a full-service commercial bank, we're proud to offer a full range of banking products and services that can meet a customer's business or personal banking needs. What is Bank Rhode Island's most valuable asset? Our employees! That's why we offer competitive pay and excellent benefits which includes a matching 401k. We pride ourselves on hiring candidates that embrace our Core Four Values: Adaptability, Accountability, Leadership, and Teamwork. Bank RI provides a great working environment that offers opportunities for advancement. We are currently seeking a Portfolio Manager to join the team in our Turks Head office in Providence, RI. The Portfolio Manager will manage existing portfolios of commercial customers, analyze and underwrite credit risk for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.Principal Duties and Responsibilities ---Analyze and underwrite credit requests in a timely fashion by using some or all of the following resources: applications, spreads, financial statements, tax returns, credit bureaus, meetings with customers/prospects, appraisals, web research and other resources as necessary. ---Determine if request is in compliance with Bank policy and note exceptions. ---Discuss deal structure, cash flow, collateral, and customer character with Commercial Bankers Recommend alternative credit structures or products where appropriate. ---Accompany Commercial Bankers on customer calls and interact extensively with customers in person and over the phone. ---Interact with attorneys and financial professionals including CPA's, CFO's, etc. as needed to assistin the underwriting and closing process. ---Present analysis in written proposals for appropriate approvals and present as directed to the appropriate approval authority. ---Prepares loan memorandums. ---Conducts market surveys through contact with brokers, online research, etc. ---Manage existing portfolio of customers by tracking and preparing annual renewals for lines ofcredit, reviews of term debt, and reviews of overdraft lines of credit. Maintain tracking database with updated information as needed. ---Conduct independent property inspections in conjunction with annual reviews. ---Identify potential problem loans and deficiencies. ---Assist customers when needed with questions regarding loans and retail products. ---Performs other related duties as required or directedJob Specifications ----Bachelor's degree in relevant field---A minimum of (4) four years of commercial credit experience is required---Excellent written and oral communication skills---Extensive knowledge of Microsoft Office suite products---Understanding of Banking compliance requirements---Be well versed in the Bank's credit policy and underwriting standards -

Keywords: Brookline Bancorp, Providence , Portfolio Manager - Providence, RI, Accounting, Auditing , Providence, Rhode Island

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