Job Information
Berkshire Bank Portfolio Manager in Boston, Massachusetts
Division: Beacon Bank & Trust
Department: Commercial Lending
Reports to: Credit & Portfolio Admin Director
Status: Exempt/Officer
Pay Grade: 10
Salary Range:$55,588 - $102,474
Salary range updated 4/10/2026. Actual compensation within the pay range will be determined based on factors including, but not limited to, skills, prior relevant experience, and specific work location.
Location: Boston, MA
Principal Objective
To analyze and underwrite credit requests for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.
Principal Duties and Responsibilities
Credit Underwriting
Experience analyzing and underwriting Commercial and Investment Real Estate deals.
Analyze and underwrite credit requests in a timely fashion by using some or all of the following
resources: applications, financial spreads, financial statements, tax returns, credit bureaus, appraisals, web research and other resources as necessary.
Discuss deal structure, cash flow, collateral, and customer character with Relationship Manager (RM). Recommend alternative credit structures or products where appropriate.
Assist the RM with preparing deal screen memos, term sheets and commitment letters.
Present analysis in written loan memorandums for appropriate approvals and present as directed to the appropriate approval authority.
Determine if request is in compliance with Bank policy and note exceptions.
Interact with attorneys and financial professionals including CPAs, CFOs, etc. as needed to assist in the underwriting and closing process.
Portfolio Management
Manage existing portfolio of customers by tracking and underwriting loan renewals and annual reviews.
Compliance monitoring of financial covenants and borrowing base certificates. Maintain financial statement and covenant compliance tracking database with updated information as needed.
Preparation for internal and external audit requests.
Identify potential problem loans and deficiencies.
Accompany RM on customer and prospect calls and interact extensively with customers in person and over the phone. Assist customers when needed with questions regarding loans and retail products.
Work closely with Loan Administration and other areas of the Bank to meet customer needs in a timely manner.
Job Specifications (Skills, Knowledge and Abilities Required)
Bachelors degree in relevant field
Formal credit training is preferred
Prepare loan memorandums consistently with minimal supervision
Excellent written and oral communication skills
Extensive knowledge of Microsoft Office Suite products, Moodys Credit Lens, and nCino (preferably)
Performs other related duties as required or directed
Be well versed in the Banks credit policy and underwriting standards
Behavioral Skills
Consistently demonstrate behaviors associated with Beacon Banks Core Four values: adaptability, accountability, leadership, and teamwork.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this position. They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified. This job description is subject to change at any time.
Beacon Bank is an Equal Opportunity Employer - all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, or national origin. If you would like to contact us regarding the accessibility of our website, need assistance completing the application process, or would like to request alternative methods of applying, please contact us athr@berkshirebank.com.