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Senior Portfolio Management Officer

Boston, Massachusetts;

Job Description:

Role Overview:

The SPMO is responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents of the existing debt book in CDL, which includes construction and term loans to affordable housing developers. In addition, the SPMO is responsible for all monitoring and maintenance activities on an assigned portfolio including Risk Rating Scorecards, Annual Reviews, Individual Loan Reports, Covenant Compliance, and data input and management.   A key job function is the monitoring of clients operating performance and financial condition to proactively identify issues and opportunities.  A SPMO also delivers financial, industry, economic and other analysis to facilitate decision making for the client coverage team, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The SPMO is an individual contributor who reports to the Credit Regional Portfolio Manager and partners closely with Credit Officers and Underwriters.  The SPMO is responsible to drive process simplification and improvement under the direction of the Regional PMO Manager.

Functional Role Description:

  • Activities associated with the minor modification of existing credits (EMAF-based actions and Minor Modifications, as defined in the Approval Grid) and the extension of facilities which have qualified for defined extension options
  • Collateral analysis, and sponsor / guarantor analysis and review of related legal documents
  • Ensures that construction projects are on track and that potential lien, budget and other construction related risks are identified, mitigated and resolved in a timely manner
  • Reporting and maintenance on the existing loan portfolios
  • Responsible for the timely and accurate risk rating of each loan in one's assigned portfolio

Role Qualifications:

  • 7+ years' experience within financial institution
  • Experience in financial analysis, structuring, underwriting and portfolio management
  • Strong communications (verbal and written)
  • Working knowledge of commercial real estate and construction lending
  • Solid understanding of affordable housing, government policies, subsidy and Low Income Housing Tax Credits (LIHTC)
  • Strong analytical/technical skills including financial accounting, modeling
  • Underwriting and loan structuring preferred
  • BS/BA Degree required, MBA preferred

Leadership Competencies:

·         Serve as mentor/coach to junior PMOs

·         Assist CPM with approval on credit requests and other workflow matters, as needed

·         Demonstrates strong business and financial acumen

    Active participant within the affordable housing and LIHTC space

·         Ensures self and others maintain a strong focus on client needs

·         Manages client relationships in a manner that makes it easier to do business with our company

·         Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team

·         Focuses on and recognizes team success

·         Actively builds and sustains long-term relationships based on mutual trust

·         Is intellectually curious; constantly seeks to learn and advance his/her knowledge

·         Remain positive and focused during times of pressure, adversity, or change

·         Is resilient; quickly adjusts behaviors in order to be successful.

·         Communicates with impact, both in writing and speaking using clear, concise and simple language

Job Band:

H4

Shift: 

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Role Overview:

The SPMO is responsible for post close credit activity including documenting the conditions for pre-approved extensions and the associated legal documents of the existing debt book in CDL, which includes construction and term loans to affordable housing developers. In addition, the SPMO is responsible for all monitoring and maintenance activities on an assigned portfolio including Risk Rating Scorecards, Annual Reviews, Individual Loan Reports, Covenant Compliance, and data input and management.   A key job function is the monitoring of clients operating performance and financial condition to proactively identify issues and opportunities.  A SPMO also delivers financial, industry, economic and other analysis to facilitate decision making for the client coverage team, while also ensuring adherence to credit policies, guidelines, and applicable regulatory requirements. The SPMO is an individual contributor who reports to the Credit Regional Portfolio Manager and partners closely with Credit Officers and Underwriters.  The SPMO is responsible to drive process simplification and improvement under the direction of the Regional PMO Manager.

Functional Role Description:

  • Activities associated with the minor modification of existing credits (EMAF-based actions and Minor Modifications, as defined in the Approval Grid) and the extension of facilities which have qualified for defined extension options
  • Collateral analysis, and sponsor / guarantor analysis and review of related legal documents
  • Ensures that construction projects are on track and that potential lien, budget and other construction related risks are identified, mitigated and resolved in a timely manner
  • Reporting and maintenance on the existing loan portfolios
  • Responsible for the timely and accurate risk rating of each loan in one's assigned portfolio

Role Qualifications:

  • 7+ years' experience within financial institution
  • Experience in financial analysis, structuring, underwriting and portfolio management
  • Strong communications (verbal and written)
  • Working knowledge of commercial real estate and construction lending
  • Solid understanding of affordable housing, government policies, subsidy and Low Income Housing Tax Credits (LIHTC)
  • Strong analytical/technical skills including financial accounting, modeling
  • Underwriting and loan structuring preferred
  • BS/BA Degree required, MBA preferred

Leadership Competencies:

·         Serve as mentor/coach to junior PMOs

·         Assist CPM with approval on credit requests and other workflow matters, as needed

·         Demonstrates strong business and financial acumen

    Active participant within the affordable housing and LIHTC space

·         Ensures self and others maintain a strong focus on client needs

·         Manages client relationships in a manner that makes it easier to do business with our company

·         Demonstrates and encourages collaboration, connection and teamwork within and beyond his/her team

·         Focuses on and recognizes team success

·         Actively builds and sustains long-term relationships based on mutual trust

·         Is intellectually curious; constantly seeks to learn and advance his/her knowledge

·         Remain positive and focused during times of pressure, adversity, or change

·         Is resilient; quickly adjusts behaviors in order to be successful.

·         Communicates with impact, both in writing and speaking using clear, concise and simple language

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Learn more about this role

Full time

JR-21059957

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Tamika Gabriel

Referral Bonus:

0