Credit Portfolio Risk Manager Jobs in Massachusetts

SUMMARY

The Credit Portfolio Manager II manages and monitors an assigned portfolio of significant and complex Commercial Lending relationships. The role provides experienced credit analysis support and leads portfolio administration activities, including annual reviews, covenant testing, loan maturities, risk ratings, borrower reporting, and related portfolio follow-up.

This position partners with Credit leadership, Relationship Managers, Credit Analysts, and Commercial Loan Administrators to support portfolio risk assessment, reporting, collateral evaluation oversight, credit process improvements, audits, loan reviews, and recommendations that strengthen risk and portfolio management.

ESSENTIAL DUTIES AND RESPONSIBILITIES

Complete and review credit analysis and file comments for new money, renewals, modifications, and annual review requests for significant and complex Commercial Lending relationships.

• Lead portfolio administration in accordance with Bank policy, including annual reviews, covenant testing, loan maturities, borrower reporting, and related portfolio follow-up.
• Monitor borrower reporting requirements, including financial statements, tax returns, borrowing base certificates, rent rolls, covenant compliance certificates, and other required financial reporting.
• Monitor borrowing base reporting and revolving line activity, as applicable, to support collateral availability, advance eligibility, covenant compliance, and early risk identification.
• Partner with Credit leadership, Relationship Managers, Credit Analysts, and Commercial Loan Administrators to communicate expectations and meet deadlines.
• Review credit and legal documentation to support covenant tracking, testing, and correction of documentation inconsistencies.
• Support accurate loan risk ratings, risk rating recommendations, and identification of portfolio risk trends.
• Assist with portfolio risk assessments, including risk rating trends, stress testing, asset quality, industry concentrations, and management or board-level reporting.
• Identify emerging credit concerns and support risk mitigation or remediation actions, including risk rating recommendations, covenant changes, monitoring enhancements, and corrective action plans.
• Maintain awareness of market conditions, industry trends, regulatory expectations, and commercial credit best practices.
• Oversee internal collateral evaluation functions, including review and approval of analyst-prepared evaluations as needed.
• Support implementation of credit systems, processes, procedures, and analysis templates.
• Recommend improvements to credit policies, procedures, workflows, efficiency, and portfolio administration.
• Serve as a liaison with audit, loan review, compliance, and other oversight partners, as needed.
• Lead departmental projects and participate in Commercial audits, loan reviews, and related initiatives.
• Interact with clients, upon request, to obtain financial information, answer credit process questions, or attend meetings.

Consider this description to be the foundation of your job, not its boundaries. Expect to participate in internal and external training sessions and activities not described here which enhance the quality of service to the client.

QUALIFICATIONS

The requirements below represent the knowledge, skills, and abilities needed to perform the essential functions of the role. Reasonable accommodations may be made consistent with applicable law.

EDUCATION and/or EXPERIENCE

• Bachelor’s degree in finance, accounting, business administration, economics, or related field preferred; equivalent commercial credit experience may be considered.
• Minimum of five years of directly related credit and/or commercial lending experience.
• Experience analyzing significant or complex commercial lending relationships, including renewals, modifications, annual reviews, risk ratings, and credit recommendations.
• Experience with portfolio monitoring, covenant tracking, loan maturities, annual reviews, and related portfolio administration.
• Experience monitoring borrower reporting, covenant compliance, borrowing base or revolving line activity, collateral availability, and emerging credit concerns preferred.
• Experience with loan origination, portfolio monitoring, credit workflow, or similar banking systems preferred.

SKILLS

• Strong knowledge of commercial credit analysis, financial statements, loan structure, risk ratings, collateral evaluation, covenant monitoring, lending documentation, and credit policy.
• Ability to independently complete and review credit presentations, annual reviews, modifications, risk rating changes, and credit recommendations.
• Working knowledge of portfolio administration practices, including covenant tracking, loan maturity monitoring, annual review requirements, exception identification, and related reporting.
• Ability to monitor borrower reporting, borrowing base activity, revolving line usage, covenant compliance, collateral availability, and related documentation.
• Ability to interpret and apply credit policies, procedures, regulatory expectations, and departmental standards.
• Strong analytical, mathematical, organizational, judgment, and workflow management skills.
• Ability to identify emerging credit concerns and support practical risk mitigation, remediation, and portfolio management recommendations.
• Strong communication skills, including the ability to prepare clear credit comments, reports, correspondence, procedures, and management updates.
• Ability to partner effectively with lending, credit, risk management, audit, compliance, loan review, and senior management teams.
• Working knowledge of commercial lending regulations, privacy requirements, and data security expectations.
• Working knowledge of loan origination and credit workflow systems, including Abrigo or similar platforms, as well as Microsoft Word, Excel, and other business applications.
• Willingness to learn new systems, processes, technical skills, and regulatory or policy updates.

ADDITIONAL JOB REQUIREMENTS / ADA CONSIDERATIONS

The employee must be able to communicate effectively with internal and external stakeholders; read, interpret, and prepare business, banking, regulatory, and client documentation; and apply business and financial concepts relevant to the role. Work is primarily performed in a professional office environment and requires regular use of standard office technology, review of screens and documents, occasional market-area travel, and occasional lifting or moving of materials up to 10 pounds. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions, consistent with applicable law.

KEY POINTS

At Dedham Savings, we support our clients in a friendly and professional manner every day and are equally committed to supporting our employees. We offer a competitive benefits package, including Medical, Dental, Vision, Flexible Spending, Tuition Reimbursement, Childcare Subsidy Reimbursement, Retirement, Life Insurance, and many other benefits.

Dedham Savings provides equal employment opportunity to all employees and applicants without regard to any status protected by applicable federal, state, or local law.

We strive to foster an inclusive culture where every voice is valued and employees feel a sense of belonging and connection.

PAY RANGE DISCLOSURE

The pay range for this position is $92,300 to $128,000 per year. Final pay will be based on factors including relevant education, qualifications, experience, performance metrics, business needs, and organizational affordability.

EOE/F/M/Vet/Disabled