Commercial Loan Review Manager jobs in Massachusetts

Commercial Loan Review Manager manages loan review staff to ensure that commercial loans comply with established policies and credit standards. Personally reviews the largest size loans of the most complexity. Being a Commercial Loan Review Manager typically requires a bachelor's degree. Typically reports to a head of a unit/department. The Commercial Loan Review Manager typically manages through subordinate managers and professionals in larger groups of moderate complexity. Provides input to strategic decisions that affect the functional area of responsibility. May give input into developing the budget. Capable of resolving escalated issues arising from operations and requiring coordination with other departments. To be a Commercial Loan Review Manager typically requires 3+ years of managerial experience. (Copyright 2024 Salary.com)

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Commercial Loan Portfolio Manager
  • Reading Co-Operative
  • Reading, MA FULL_TIME
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    POSITION SUMMARY:

    We are looking for a Portfolio Loan Officer who will be responsible for managing a part of the Commercial Lending portfolio which may include commercial real estate loans, construction loans, C&I loans, lines of credit, terms loans, etc., while adhering to the Bank’s credit policy.  The Portfolio Loan Officer will review and recommend approval of requisitions, site inspections, loan monitoring, and collection of overdue accounts.  They will have sound credit skills, and exercise discretion and independent judgment in their decision making. The candidate will also be responsible for interim monitoring of covenants, borrowing base certificates and other conditions of credit. 

    This position is jointly responsible with the Relationship Managers for effectively interacting with clients to enhance their relationship with the Bank.  

    ESSENTIAL DUTIES AND RESPONSIBILITIES:

    1. Manage and report on assigned loan portfolio, ensuring optimal performance by assisting in collecting financials, monitoring relationships, etc.
    2. Conduct ongoing financial and collateral performance monitoring, including financial statement preparation, modeling, and analysis as needed.
    3. Assist the credit department in the preparation of annual reviews for existing customers, providing in-depth financial and risk assessments.
    4. Analyze financial statements to identify strengths and weaknesses in borrowers' operating performance.
    5. Review and renew demand lines of credit, commercial real estate loans, and letters of credit, ensuring all loan conditions are met.
    6. Work directly with clients to collect and review financial documents and support customer inquiries.
    7. Collaborate with closing attorneys, accountants, lenders, and support staff to ensure compliance with loan pre-closing and post-closing conditions.
    8. Monitor and manage loan maturities and renewals to prevent administrative delays.
    9. Conduct periodic credit reviews, particularly in cases indicating potential risk.
    10. Identify trends in client activities that may signal credit quality issues.
    11. Assist in the collection of financial documents and manage smaller credit requests, from financials and application collection, to approvals, closing, etc.
    12. Support senior lender with customer follow-ups and relationship management.
    13. Monitor and address past due loans and overdraft accounts regularly.
    14. Manage loan extensions, modifications, name changes, rate changes, and notifications of customer dissolutions, etc.
    15. Assist in the preparation and review of loan documents for assigned relationships.
    16. Collaborate with account officer or Chief Credit Officer on workout credits as necessary.
    17. Prepare and organize required reports, memos, and other necessary documentation in a timely manner.
    18. Demonstrate compliance with banking laws and regulations as defined in company policies and procedures.
    19. Work collaboratively with other departments, participate in projects and special assignments representing Community Business Banking.
    20. Provide guidance, coaching, and mentoring to junior staff and participate in training new incumbents.
    21. Other tasks as assigned. 

    MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

    • Bachelor's degree (B. S. in business, finance, or related field) from four-year college or university strongly preferred. 
    • Three to five years related experience and/or training; or equivalent combination of education and experience strongly preferred. 
    • Familiarity with loan terminology and legal requirements.  
    • Demonstrated ability to define problems, collect data, establish facts, and draw valid conclusions.  
    • Demonstrated analytical, problem solving and decision-making skills required.
    • Proven background in the review of financial statements and tax returns submitted by applicants and is capable of evaluating their ability to repay. 
    • Interprets and evaluates consumer credit bureau reports, Dun & Bradstreet business reports and public records. 
    • Demonstrated excellent communication – both written and verbal skills required.
    • Must be a “team player”, flexible and willing to support other business line partners to provide excellent customer service.
    • Must be results oriented and able to prioritize multiple tasks. 
    • Must be a person of high integrity who is dependable and professional.
    • Bi-lingual/Spanish speaking a plus.


    Reading Cooperative Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

    This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

  • 16 Days Ago

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Senior Loan Review Analyst
  • Needham Bank
  • Needham, MA FULL_TIME
  • Senior Loan Review Analyst Job Tracking ID : 512272-874483 Job Location : Job Level : Mid Career Level of Education : BA/BS Job Type : Full-Time/Regular Date Updated : 03/03/2024 Years of Experience :...
  • 22 Days Ago

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Commercial Loan Assistant III
  • Salem Five
  • Salem, MA FULL_TIME
  • Job Details Description Salem Five is a growing regional financial services organization with a rich history of over 160 years. As an independent bank, we are deeply rooted in the communities we serve...
  • 20 Days Ago

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Commercial Loan Officer
  • Northern Bank
  • Woburn, MA FULL_TIME
  • The Commercial Loan Officer is responsible for developing new client relationships primarily in Middlesex County to increase the loan portfolio and associated deposit balances. ESSENTIAL FUNCTIONS Dev...
  • 22 Days Ago

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Commercial loan assistant
  • MutualOne Bank
  • Framingham, MA FULL_TIME
  • The Commercial Loan Assistant will provide administrative and operational support to commercial lenders, borrowers, and credit analysts. The assistant will be responsible for the scheduling and coordi...
  • 24 Days Ago

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Commercial Loan Officer - Plymouth
  • Rockland Trust
  • Plymouth, MA FULL_TIME
  • We offer an extensive and highly supportive branch network, competitive products and pricing and exceptionally strong local operational support to help you achieve your business development objectives...
  • 24 Days Ago

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Commercial Manager
  • Sims Metal
  • Williamsport, PA
  • About Sims Metal Sims Metal (Sims) is a global leader in metal recycling. With facilities across the globe, Sims plays a...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • AtkinsRealis
  • South Burlington, VT
  • The Commercial function provides advice on and analysis of commercial risks in the business, commercial sales and procur...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • Inditex
  • Norwalk, CT
  • About us Zara offers the latest fashion trends for women, men and children. An international brand with stores in the ma...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • Sims Metal
  • Coatesville, PA
  • About Sims Metal Sims Metal (Sims) is a global leader in metal recycling. With facilities across the globe, Sims plays a...
  • 3/28/2024 12:00:00 AM

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Commercial Manager
  • Arcadis Global
  • New York, NY
  • Arcadis seeking a Commercial Manager for a large program in New York. Arcadis is the world's leading company delivering ...
  • 3/27/2024 12:00:00 AM

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Commercial Manager
  • Derrick Corporation
  • Buffalo, NY
  • The core responsibility of the Commercial Manager within the Industrial Minerals Sector is to increase the adoption of D...
  • 3/26/2024 12:00:00 AM

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Commercial Manager
  • Clinton Electric Co.
  • Full Job Description Clinton Electric Co. is a leading electrical company in the Greater Baltimore Area. For over 50 yea...
  • 3/25/2024 12:00:00 AM

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Commercial Manager
  • Code19 Racing
  • Code19 Racing is adding a key member to our growing team. Code19 Racing is an autonomous tech startup on the lookout for...
  • 3/24/2024 12:00:00 AM

Massachusetts is the 7th-smallest state in the United States. It is located in the New England region of the northeastern United States and has an area of 10,555 square miles (27,340 km2), 25.7% of which is water. Several large bays distinctly shape its coast. Boston is the largest city, at the inmost point of Massachusetts Bay, and the mouth of the Charles River. Despite its small size, Massachusetts features numerous topographically distinctive regions. The large coastal plain of the Atlantic Ocean in the eastern section of the state contains Greater Boston, along with most of the state's po...
Source: Wikipedia (as of 04/11/2019). Read more from Wikipedia
Income Estimation for Commercial Loan Review Manager jobs
$137,603 to $207,296

Commercial Loan Review Manager in Dothan, AL
M&M will also review the loan input and quality control processes that are in place at the institution.
January 08, 2020
Commercial Loan Review Manager in Moline, IL
Officers can only report straightforward loans, but review managers have been trained to report the most complex loan situations, as well as high-dollar amount loans.
January 30, 2020
Commercial Loan Review Manager in Gary, IN
This review can help to see if the business is investing its money and investing wisely.
February 02, 2020