Portfolio Manager I

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Salem Five is a growing regional financial services organization with a rich history of over 170 years.  As an independent bank, we are deeply rooted in the communities we serve and offer our employees successful and rewarding careers. 

This position requires the ability to work in the Salem, MA office.

Salem Five has more than 30 retail banking branches throughout Essex, Middlesex, Norfolk and Suffolk counties, strong business banking capabilities, an Insurance division, a Wealth Management & Trust organization and a Mortgage Company that has provided homeownership to generations of families.

 

Salem Five believes deeply in supporting the communities in which we reside.

Donations through our Charitable Foundation or events at the branch or location-level are an important part of our DNA.

We would not be the company we are without our commitment to businesses and organizations that help the region thrive and to our employees.

Come see what we’re all about.  

JOB DUTIES AND RESPONSIBILITIES include, but are not limited to the following:  


* Maintain and service a commercial loan portfolio assigned by the Team Leader.


* Manage timely collection and review of borrower reporting requirements and ensure covenant compliance across an assigned portfolio.


* Monitor revolving lines of credit tied to borrowing base reporting across an assigned portfolio.


* In concert with Lender, assist with loan renewals, extensions, modifications, and file comments on a timely basis and in compliance with loan policy.


* Support underwriting staff by providing proper information when appropriate.


* Review legal documents and build understanding of loan documentation, with oversight and support.


* Build familiarity with loan structuring and incoming new money requests.


* Accompany Lenders on client or prospect calls to further develop bank relationships.


* Assist with regulatory examinations and compliance reviews to ensure satisfactory audit findings.


* Work collaboratively and effectively with other areas of the Bank.


* Demonstrate compliance with business banking laws and regulations as defined in company policies and procedures pertinent to the position.


* Communicate with external constituents; exhibit a sense of urgency toward meeting client requests.


* Promote the company's presence through active participation and attendance at various trade events.


* Project and maintain a professional image in the marketplace.


* Demonstrate re...