Job Description
Job Description
Overview
Now Hiring! Portfolio Manager
Full-Time | Credit Department
Location: Salem, NH
Compensation: $85,000 - $100,000 annually
About Bank of New England
Bank of New England is a community-focused financial institution headquartered in Salem, New Hampshire, dedicated to providing personalized banking solutions to individuals and businesses throughout the region. We offer a full suite of financial services-personal and business checking and savings accounts to commercial lending-backed by a commitment to strong customer relationships, responsible banking, and local economic growth.
As a trusted partner for our clients, we pride ourselves on delivering dependable service, financial expertise, and a supportive work environment that values integrity, community engagement, and professional growth.
The Role
Bank of New England is seeking a Portfolio Manager to support the Credit Department team through prudent credit administration, financial analysis, portfolio management, and risk assessment. This role is responsible for maintaining a portfolio of commercial credit relationships, ensuring asset quality, monitoring borrower performance, and assisting in the evaluation and structuring of credit opportunities.
The ideal candidate combines strong analytical abilities with sound judgment and a proactive approach to risk management while maintaining a high level of client service and collaboration with lending teams.
Key Responsibilities
Credit Analysis & Risk Management
- Perform financial analysis, underwriting, and risk assessments for commercial credit relationships.
- Evaluate borrower’s financial performance and identify emerging risks and trends.
- Ensure adherence to the Bank’s credit policies, underwriting standards, and regulatory requirements.
- Prepare annual reviews, renewals, and ongoing credit monitoring documentation.
- Assist in structuring credit facilities and evaluating loan requests.
Portfolio Administration
- Manage and maintain an assigned portfolio of commercial credit relationships.
- Monitor compliance with financial covenants, loan terms, and reporting requirements.
- Identify potential portfolio concerns and collaborate on strategies to mitigate risk and protect asset quality.
- Ensure portfolio performance remains aligned with the Bank’s risk tolerance and credit standards.
Client & Relationship Support
- Serve as a secondary contact for commercial banking clients.
- Support Loan Officers through client communication, financial review discussions, and relationship management activities.
- Participate in client meetings and site visits when appropriate.
- Identify opportunities to deepen client relationships and support business growth initiatives.
Collaboration & Reporting
- Partner closely with Commercial Lenders, Credit Administration, and other internal stakeholders.
- Prepare reports and recommendations related to portfolio performance and credit quality.
- Maintain accurate loan documentation and credit files.
- Contribute to process improvements that enhance efficiency, risk management, and client service.
Ideal Candidate Profile
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; equivalent education and experience may be considered.
- 3–5 years of banking, commercial credit, lending, underwriting, or related financial services experience.
- Strong understanding of financial statement analysis, credit underwriting, and commercial loan structures.
- Experience monitoring commercial loan portfolios and assessing credit risk.
- Ability to analyze complex financial information and make sound recommendations.
- Strong verbal and written communication skills.
- Proven ability to work independently with minimal supervision.
- Proficiency with Microsoft Office applications, including Word and Excel.
- Strong organizational, analytical, and problem-solving abilities.
Benefits
- Medical insurance
- Dental insurance
- 401(k) retirement plan
- Life insurance
Other
Employment is contingent upon successful completion of background checks, credit checks, and verification of work eligibility.
Bank of New England is an Equal Opportunity Employer. We do not discriminate based on race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, veteran status, or any other status protected by federal, state, or local law. Employment decisions are based on job-related qualifications, merit, and business needs.