Northeast Bank SBA, Analyst, Asset Management in Boston, Massachusetts
POSITION SUMMARY: Provide assistance in the management and oversight for a portfolio of performing and non-performing bank assets with the objective of maximizing returns and inimizing losses within the portfolio. RESPONSIBILITIES: ? Assist senior asset managers in the development and implementation of management strategies and strategic objectives. ? Asset management for purchased and originated loans, which will include providing recommendations to senior management and investment partners to maximize income and reduce loss, restructuring credit and repayment terms, developing strategies to better secure collateral, collecting and monitoring monthly payments, working with borrowers to obtain financial information and preparing written in-depth analysis and recommendations to protect and strengthen the investment. ? Successfully pass technical and regulatory examinations by the Company. ? Maintain portfolio files in accordance with both the Bank?s regulatory agency?s requirements as well as the SBA. ? Recommend and implement action strategies concerning non-performing assets to upper management by working with borrowers and in house and outside counsel. KNOWLEDGE, SKILLS AND ABILITIES: ? Bachelor?s degree required ? Some experience with commercial lending and/or financial analysis ? Formal bank credit training a plus ? Ability to work and thrive in a team environment PHYSICAL DEMANDS AND CONDITIONS: ? Some travel required Northeast Bank is an equal employment opportunity and affirmative action employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, national original, veteran status and any other classification protected by Law.