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CRE Assistant Portfolio Manager

Company: Cambridge Savings Bank
Location: Cambridge
Posted on: January 14, 2018

Job Description:

POSITION: CRE ASSISTANT PORTFOLIO MANAGER

Summary:

Under the guidance of the VP/Manager of Portfolio Management and Construction Monitoring, this position will consist of (a) assisting the CRE Portfolio Managers with portfolio monitoring and analysis functions as detailed below, (b) preparing and maintaining internal lending reports, (c) conducting market research and preparing market data reports, and from time to time (d) assisting the Construction Loan Manager with the management and oversight of all active construction projects financed by the Bank across the Commercial Real Estate and C&I business channels.

Key Result Areas:

Portfolio Management Responsibilities

-- Collection and Filing of Required Financial Documents:

Throughout the year the incumbent will participate in the collection of required financial documents and the filing of said data into the CSB database. The document collection process involves contacting bank customers via phone and email.

-- Input of Financial Data:

As updated financial data is collected, the incumbent will be responsible to input the data into the CSB financial monitoring system (Sageworks) and to upload the documents into the bank---s filing database (Docstar/Nautilus).

-- Financial Data Analysis and Loan Covenant Testing:

Spread and Analyze financial data submitted by CRE borrowers

-- Reporting and Research:

Work with CSB lenders & portfolio managers and also conduct external research to create and maintain various dashboard and/or monitoring reports for use by senior management. Reports will include analysis of the current loan portfolio and analysis of real estate oriented market data.

-- New Money and Modification Credit Analyses:

Periodically, the incumbent will be required to complete new money and/or modification Loan Approval Summaries (LAS) for presentation to Internal Loan Committee and potentially the Board of Directors, in order to assist the Lending Team in meeting tight deadlines.

Construction Portfolio Management

-- Engagement of Third Party Engineers and Consultants:

-- Construction Budget Balance Analysis:

-- Construction Inspections:

-- Title Policy Endorsements:

-- Construction Advances and Coordination of Advances with Participant Banks

COMPENTENCIES:



-- Customer Focus

-- Functional/Technical Skills

-- Teamwork

-- Problem Solving

-- Decision Quality

-- Time Management

-- Action Oriented/Initiative

-- Creativity

-- Results

Qualifications:

-- College degree, preferably in business, finance, accounting or equivalent.

-- Prefer knowledge of commercial bank lending and practices

-- Solid understanding of financial accounting.

-- Strong analytical skills.

-- Strong computer skills (Excel, Word).

-- Excellent communication, customer service, and interpersonal skills.

-- Ability to multi-task and pay attention to detail.

-- Strong organizational skills and ability to work independently and meet deadlines.

The above description covers the most significant major responsibilities but does not exclude other occasional responsibilities and accountabilities the inclusion of which would be in conformity with major purpose this job.

Location:

Harvard Square --- Cambridge, Massachusetts

About Cambridge Savings Bank:

Cambridge Savings Bank is a full-service financial institution with approximately $3.4 billion in assets that is committed to improving the quality of life in the communities it serves. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services and has branches located in Cambridge, Acton, Arlington, Bedford, Belmont, Burlington, Concord, Lexington, Newton, and Watertown.

Cambridge Savings Bank is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.

Keywords: Cambridge Savings Bank, Boston, CRE Assistant Portfolio Manager, Executive, Cambridge, Massachusetts

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