The Role
The Senior Portfolio Manager oversees complex commercial lending relationships through credit analysis, risk rating validation, covenant monitoring, borrower reviews, and early-warning detection. The role develops risk mitigation plans, manages criticized and troubled credits, prepares executive reporting, challenges credit assessments, and identifies portfolio trends and concentration risks. It also guides Portfolio Analysts, collaborates with lending and risk teams, and supports improvements to monitoring procedures, automation, and AI-enabled tools.
Summary Generated by Built In
SUMMARY/OBJECTIVE:
The Senior Portfolio Manager is responsible for the ongoing monitoring, independent risk assessment, and oversight of the Bank's commercial lending portfolio, with a primary focus on large and complex borrowing relationships, criticized credits, and emerging risk trends. This role leads quarterly borrower reviews, analyzes financial performance, global cash flow, collateral, and covenant compliance, validates risk ratings, develops actionable risk mitigation plans, and provides concise executive-level reporting to support early risk detection and proactive portfolio management.
As the senior level of the Portfolio Manager role, this position owns the Bank's largest and most complex monitored relationships, exercises independent challenge authority over risk assessments and ratings, and guides and reviews the work of Portfolio Analysts.
ESSENTIAL FUNCTIONS:
Credit Analysis & Risk Oversight
The Senior Portfolio Manager is responsible for the ongoing monitoring, independent risk assessment, and oversight of the Bank's commercial lending portfolio, with a primary focus on large and complex borrowing relationships, criticized credits, and emerging risk trends. This role leads quarterly borrower reviews, analyzes financial performance, global cash flow, collateral, and covenant compliance, validates risk ratings, develops actionable risk mitigation plans, and provides concise executive-level reporting to support early risk detection and proactive portfolio management.
As the senior level of the Portfolio Manager role, this position owns the Bank's largest and most complex monitored relationships, exercises independent challenge authority over risk assessments and ratings, and guides and reviews the work of Portfolio Analysts.
ESSENTIAL FUNCTIONS:
Credit Analysis & Risk Oversight
- Lead quarterly reviews of designated commercial lending relationships, including loans exceeding the exposure thresholds defined in Bank credit policy and other large, complex, or higher-risk credits.
- Perform advanced analysis of borrower financial statements, global cash flow, collateral performance, guarantor support, portfolio analytics findings, and covenant compliance, and document defensible conclusions.
- Independently assess and validate risk ratings, identify credit migration and early warning indicators, and recommend timely rating changes when warranted.
- Review borrower, industry, market, legal, and public information to identify potential credit concerns.
- Develop borrower-level monitoring recommendations, corrective action plans, escalation strategies, and measurable follow-up requirements.
- Monitor covenant compliance, delinquency trends, financial reporting exceptions, risk rating changes, nonaccrual activity, criticized assets, and other portfolio risk indicators.
- Manage execution of action plans for criticized and monitored relationships, including coordination of responsibilities, target dates, and escalation of unresolved issues.
- Track completion of required borrower reporting and monitoring activities.
- Support OREO, workout, special asset, and troubled-loan monitoring activities in coordination with Special Assets, including analysis of risk mitigation and resolution strategies.
- Prepare and present quarterly relationship review results, portfolio risk presentations, and concise executive-level reporting to senior management.
- Provide independent challenge when analysis or conclusions are not sufficiently supported, and escalate material issues to senior management.
- Identify and synthesize portfolio trends, concentration risks, recurring exceptions, and emerging credit concerns to support forward-looking risk management.
- Actively contribute subject-matter expertise in Portfolio Management and risk governance meetings.
- Partner with Commercial Lending, Credit Risk, Credit Administration, Special Assets, Legal, and Finance to coordinate reviews and support timely risk mitigation and resolution of identified issues.
- Contribute to the design and adoption of reporting tools, automation, and AI-enabled monitoring solutions that improve efficiency, consistency, and portfolio insight.
- Recommend and support enhancements to monitoring procedures, controls, credit standards, and risk governance practices.
- Minimum of 3 years of experience required, and 5+ years preferred, in commercial underwriting, credit risk, portfolio management, or related financial analysis, including demonstrated experience with large, complex, criticized, or troubled credits.
- Bachelor's degree in finance, accounting, business, or a related field, or equivalent experience.
- Advanced analytical, decision-making, and independent judgment skills, with the ability to assess complex relationships, challenge assumptions, and develop defensible credit conclusions.
- Proficiency in financial spreading, global cash flow analysis, and advanced Excel, with experience using credit and portfolio monitoring systems.
- Working knowledge of commercial credit policy, risk rating guidance, and applicable regulatory expectations.
- Excellent written and verbal communication skills, including the ability to present concise, well-supported credit assessments, recommendations, and emerging risk concerns to senior management.
- Demonstrated ability to use and contribute to automation and AI-enabled tools that improve financial analysis, reporting, and workflow efficiency.
Skills Required
- Minimum 3 years of experience in commercial underwriting, credit risk, portfolio management, or related financial analysis
- Experience with large, complex, criticized, or troubled credits
- Bachelor's degree in finance, accounting, business, or a related field, or equivalent experience
- Advanced analytical, decision-making, and independent judgment skills
- Proficiency in financial spreading and global cash flow analysis
- Advanced Excel proficiency
- Experience using credit and portfolio monitoring systems
- Working knowledge of commercial credit policy, risk rating guidance, and applicable regulatory expectations
- Excellent written and verbal communication skills, including presenting credit assessments and risk concerns to senior management
- Ability to use and contribute to automation and AI-enabled tools
- 5+ years of experience in commercial underwriting, credit risk, portfolio management, or related financial analysis
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The Company
What We Do
Since 1960, Northern Bank has been the banking partner of choice for businesses and consumers throughout New England. We take an entrepreneurial, commonsense approach to providing a complete line of banking solutions. We are deeply invested in the communities we serve and passionately committed to helping you, our customers, grow. Thanks to the unwavering dedication of our team and the loyalty of our customers, we have been named the #1 performing Community Bank in New England for seven straight years and #1 in the United States in 2015. Northern Bank provides businesses and individuals with deposit and cash management services, commercial and franchise financing, residential mortgages, and wealth management services. We currently operate 12 branches in the Greater Boston market. For more information, contact us at 800-273-6908 or visit www.nbtc.com. Member FDIC | Equal Housing Lender. http://facebook.com/northernbankma http://twitter.com/northernbankma Social Media Guidelines: https://www.nbtc.com/customer-service/FAQs/what-are-our-social-media-guidelines-610
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