Commercial Banking Portfolio Manager

We are seeking a successful portfolio manager for our C&I Commercial Banking Group. This position will be a key contributor to the implementation of the overall growth plan of the division.

The Portfolio Manager will be responsible to personally manage an assigned credit portfolio of C&I clients, which includes traditional C&I, owner-occupied CRE, and Not-For-Profit credits.

We support a hybrid work environment with on-site availability in our Providence Office.

Primary Responsibilities:  

• Provide in-depth, independent analysis of financial statements, management competencies, industry impact, competitive dynamics, collateral, and guarantor support for new/renewal opportunities and other credit reporting deliverables.

• Make recommendations to the senior staff and other credit approvers regarding credit amount, structure, and adherence to credit policies, guidelines and applicable regulatory compliance.
• Manage assigned portfolio by facilitating borrower financial reporting, proactively monitoring performance and trends, ensuring risk rating integrity, ensuring timely compliance with all reporting, covenants, identifying issues, and following through for remediation, and adhering to compliance and regulatory reviews.
• Participate in the credit portion of client calls for in-depth financial questions, deal information, collection of financial statements, and other portfolio management requirements.
• Maintain timely renewals of loan maturities for the assigned portfolio and ensure timely completion of annual file updates.
• Participate in special projects to aid with the continuous improvement of portfolio management and support Management on a project/as need basis.

• Reports to SVP Commercial Lending (C&I)

 Requirements/Qualifications:

• Bachelor’s degree in finance or accounting with formal credit training desired.

• 5 years of experience in commercial underwriting, including but not limited to Commercial & Industrial, owner-occupied real estate, and not-for-profit. Construction loan underwriting and administration (construction budgets, sources/uses, construction draw administration, property entitlement, lease analysis and property valuation principles) is also desired.

• Advanced written, mathematical, and analytical skills that demonstrates an ability to analyze balance sheet structure, stress test income and identify cash flow trends.
• Knowledge of financial statement spreading, including proficiency in preparing pro-forma statements.
• Excellent written, oral, organizational, and interpersonal skills used towards structuring, closing, maintenance, and problem resolution. A strong knowledge of loan documentation requirements.
• Ability to self-manage multiple tasks at one time to meet deadlines, whether working independently or a team environment.
• PC proficiency with Word, Sharepoint, and Excel, including the use of system and user generated formulas, macros, charts, and tables.

Compensation: A good‑faith, reasonable estimate of the base salary range for this role is $120,000 to $160,000 and the actual offer will depend on factors such as experience, skills, training, certifications, and education.

This base salary reflects one component of our competitive compensation package. This position may be eligible for an annual bonus and includes a comprehensive benefits package.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan.  We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011! 

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.   

Salary : $120 - $160