Special Assets Portfolio Manager

Rockland Trust is seeking an experienced Commercial Portfolio Manager to join our Special Assets group.

Rockland Trust is currently seeking a Special Assets Portfolio Manager to join our Special Asset Group.

The incumbent, whose role is “credit orientated” reports to the SAG Manager and is accountable to the Chief Credit Officer.

 The SAG Officer will utilize their credit skills to underwrite and manage a portfolio of criticized loans for both C&I and Real Estate loans.  The incumbent will work with the junior PM, SAG Officer, and workout officers that service a wide variety of criticized commercial loans.

Will assist the SAG Manager and senior SAG PM on specific projects as requested from the SAG Group.

Essential Functions:


* Monitors current loans and credit lines to ensure compliance with terms.


* Monitors and maintain tracking of existing loans for covenant compliance.


* Works with Senior PM to facilitate borrower financial reporting submissions to Bank


* Working with Senior PM, workout officers, manage and maintain an assigned portfolio of classified assets.


* Work with senior PM in preparation of loan packages for loan restructure approval, including submission to Special Asset Committee.


* Prepare credit analysis in accordance with LUAG for existing relationships with special emphasis on loan restructuring and risk mitigation.


* Work with senior PM in assisting workout officers in the preparation of Watched Asset Reports & Classified Assets Reports as needed.


* Work with senior PM on maintain timely renewals of loan maturities for assigned portfolio of criticized assets.


* Work with Senior PM to ensure the timely completion of credit file updates


* Assists Senior PM in acting as a liaison between workout officers and attorneys, customers, consulting groups, appraisers, etc.


* Provides assistance in coordinating pre-closing activities.


* Assisting in the resolution of customer inquiries and problems.


* Assisting the officers with operational/administrative issues.


* Possess a working knowledge of the Horizon system & BI Reports.

Core Competencies: 


* Will act as a Liaison between the SAG team working with senior SAG PM and the Credit Administration, Loan operations and servicing groups.


* Assist in the communications with existing loan customers as needed to obtain information concerning their business, needs, abilities and earnings to determine risk mitigation strategies to prevent losses for the bank.


* The candidate shall understand  the process as guided by SAG officers to make restructuring and risk mitigation strategies to prevent bank losses, which are based on their analysis of the business’ financial condition, cash flow, capacity, collateral and its ability to repay.

Qualifications: 


* Bachelors Degree in Business, Accounting, Finance, Economics or equivalent


* Previous experience in servicing portfolios of commercial l...