Newburyport Bank is a community bank supported by the strength of our shared services organization, River Run, and banking affiliates Pentucket Bank and Rollstone Bank and Trust. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the personalized service our customers value. Here, you will discover opportunities that will guide you along your professional journey, and allows you to make a meaningful impact in your local community, as you join a team that champions integrity, collaboration, and continuous progress. Journey Well! 

The Portfolio Manager manages all aspects of Commercial Portfolio management for assigned portfolio loans. Collaborates with  the Lender and Commercial Loan Administrator (CLA) to maintain high quality credit administration and risk management.

Essential Job Functions

• Supports Commercial Lenders throughout the loan approval and underwriting process by gathering required information, preparing documentation, and ensuring loan terms comply with Bank credit policies and applicable banking regulations.
• Manages loan renewals, extensions, and maturities, ensuring lines of credit and maturing loans are approved, booked, or extended before expiration.
• Prepares and reviews internal and external loan documentation, including term sheets, applications, appraisal bid requests, call memos, commitment letters, post-closing memos, and loan modifications, ensuring accuracy and consistency.
• Monitors existing loan portfolios by analyzing financial performance, tracking financial covenants, identifying covenant violations, and coordinating waiver requests with the Lender when necessary.
• Oversees construction loan activity by monitoring project progress, tracking borrowings against remaining availability, and confirming compliance with Bank requirements.
• Reviews portfolio risk ratings for consistency, initiates rating changes when appropriate, and prepares Watched Asset Reports for loans downgraded below a 6 rating in accordance with quarterly reporting requirements.
• Prepares commentary on changes in financial performance, covenant compliance, and other portfolio concerns requiring additional explanation or follow-up.
• Supports internal and external examinations and works with Commercial Lenders in managing existing portfolios, ongoing sales activities, and loan approvals.
• Establishes and maintains relationships with current and prospective clients through engagement and collaboration with Commercial Lenders.
• Coordinates with Commercial Loan Administration (CLA) regarding overdraft decisions and necessary follow-up.
• Maintains current knowledge of Bank products, services, policies, procedures, and applicable regulatory and compliance requirements by attending team meetings, completing required training on schedule, and applying knowledge to daily responsibilities.
• Ensures compliance with applicable federal and state laws, regulations, and Bank policies, including the Bank Secrecy Act (BSA) as applicable, by preventing violations, minimizing risk, and safeguarding the Bank's interests.

Qualifications, Experience, and Education

• Bachelor's degree required, preferably in accounting, finance, economics, or business administration.
• Minimum of three years of credit experience, with demonstrated commercial credit knowledge and skills.
• Basic experience with loan origination software (LOS) preferred, along with a working knowledge of commercial deposit and treasury products.
• Proficiency in Microsoft Office and related applications, including word processing, spreadsheets, presentations, and email.
• Excellent written and verbal communication skills, with the ability to interact professionally and effectively.
• Demonstrates the maturity, professionalism, and interpersonal skills necessary to work closely with customers, employees, vendors, and members of the Board of Directors.

Newburyport Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.

The salary range represents an estimate based on market data for this position. Final compensation decisions are made based on experience, skills, and internal equity to ensure fairness and consistency across our organization.