Manage commercial loan portfolios, analyze financials, conduct market research, and support relationship managers. Requires credit training and 5-7 years experience.
Community Development Lending
Hiring Range: $96,802 - $159,032
The posted salary range reflects Eastern’s expected hiring range. Actual pay may vary based on experience, skills, and market factors; additional compensation may apply. Eastern offers a robust benefits and retirement package. Please see the description of benefits included with this job posting for additional information.
Responsibilities include, but are not limited to the following:
- Portfolio Management, including Financial Reporting and Covenant Tracking
- Obtaining annual financial information for files from clients
- Analyzing financials on existing relationships and preparing update memos
- Report regularly on status Team Leader New Loan Requests and Loan Renewals
- Analyze new loan requests (cash flow assessment, collateral valuation, spread analysis, guarantor assessment, etc)
- Research, compile, and provide market analysis relative to a credit Assist in preparing/underwriting pre-deals and credit vehicles (both new loans and renewals)
Other Tasks:
- Manage and update the interim report for the RMs portfolio
- Coordinating construction loan advances on certain credits
- Assist with Credit Risk Review tasks, including coordinate responses to CRR, monitor action steps for remediation, etc.
- Provide Backup to other Relationship Managers/Relationship Administrators as needed
- Assist the team during vacations/absences as necessary
- Provide sales & service support as necessary
Qualifications:
- Formally Credit Trained
- Demonstrates experience and judgment with credit decisions and analysis
- Coach credit analysts on credit and customer interaction skills
- 5-7 years experience
- Work with limited supervision
At Eastern Bank, we pride ourselves on supporting our employees by offering tremendous opportunity for individual growth. As an inclusive company, we work to ensure that our valued employees are treated fairly, recognized for their individuality, and encouraged to reach their fullest potential. These values have earned us a reputation as a great place to work and provide a strong reason why you should consider a career with us. We are proud to offer comprehensive compensation plans and a benefits program called Total Rewards that includes medical, dental, vision, life and disability insurance, retirement, vacation and tuition reimbursement.
Eastern Bank is an equal opportunity employer. All job applicants will be considered for employment without regard to race, color, religious creed, national origin, sex, sexual orientation, gender identity, genetic information, military service, age, ancestry, or disability.
At Eastern Bank, we are dedicated to building a diverse, equitable, inclusive and authentic workplace. If you’re excited about this role but your experience doesn’t fully align with every qualification, we still encourage you to apply! You may be just the right candidate for this position or others across the company. Our Recruitment team is waiting to chat with YOU.
Top Skills
Cash Flow Assessment
Covenant Tracking
Credit Analysis
Financial Reporting
Eastern Bank Boston, Massachusetts, USA Office
125 High St, Boston, Massachusetts, United States, 02110 2704
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