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Needham Bank Associate Portfolio Analyst in Needham, Massachusetts

Job Descriptions:

Responsible for analyzing simple to moderately complex commercial real estate credit transactions for new and existing relationships. Perform tasks on the existing portfolio such as managing portfolio data, annual reviews, covenant tests, documentation, and other tasks needed to maintain the Large Commercial Real Estate portfolio.


Where applicable, some of the duties listed below will be under the general supervision of the Senior CRE Portfolio Analyst.

  • Perform credit analysis of existing and prospective loan accounts

  • Write detailed reports regarding the borrower relationships, including ability to service debt and mitigate risks, a review of financial and market data, collateral quality, and the history of the relationship

  • Request and review borrower and guarantor financial statements, tax returns, and other pertinent financial information

  • Manage portfolio data on Needham Bank’s LoanVantage platform

  • Prepare various written reports including: loan presentations, loan modifications, and credit file comments as needed in accordance with the Bank’s loan policy and procedures

  • Assist Lending Team Leader/Senior Portfolio Analyst with customer inquiries and servicing requests

  • Review and maintain digital loan files

  • Perform portfolio collateral site visits

  • Participate in training activities as needed

  • Represent the Bank at various community functions

  • Perform additional duties as requested, needed or assigned

Required Experience:

  • Bachelor’s degree in Accounting/Finance/Economics or related area

  • Zero to two years bank credit experience or related bank experience in underwriting and analyzing business financial statements and tax returns is preferable

  • Basic financial analytical skills with sound judgment and decision making abilities

  • General knowledge of commercial real estate lending practices and related areas

  • Knowledge of business/personal financial statements and tax returns

  • Strong written and verbal English communication skills and ability to interact with all levels of management, peers and customers

  • Ability to learn and implement the Bank’s and Commercial Real Estate Lending Department’s policies and procedures

  • Ability to organize and prioritize to meet deadlines

  • Strong time management skills and ability to handle multiple projects

  • Strong knowledge of Microsoft Excel and working knowledge of other Microsoft Office applications

  • Reliable and highly self-motivated

  • Superior customer service skills

  • Ability to adhere to Needham Bank’s Core Values (Focus on Customer Relationship, Embrace Change, Work as a Team, Be an Asset to Your Community, Always Learn, and Do the Right Thing)

Needham Bank offers a competitive salary and an amazing benefit package for a full-time employee which includes fully paid medical and dental insurance, HRA, 401(k) plan with an 8% bank match, paid time off (PTO), paid holidays, a bonus program, flexible spending accounts, vision service plan, group term life insurance, short and long term disability insurance, tuition reimbursement, and an Employee Assistance Program. We offer a great benefit package to our eligible part-time employees as well.

At NB, we are dedicated to building a diverse, inclusive and authentic workplace - if you are excited about this role, but your past experience doesn’t align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles.

Needham Bank is an Equal Opportunity/Affirmative Action Employer. Needham Bank will provide all applicants for employment and all employees with equal opportunity for employment and promotion regardless of race, color, religion, gender, national origin or ancestry, age, disability, veteran status, military service, sexual orientation, genetic information, or gender identity.

Keyword: CRE Lending

From: Needham Bank