Senior Portfolio Manager

SUMMARY/OBJECTIVE:
The Senior Portfolio Manager is responsible for the ongoing monitoring, independent risk assessment, and oversight of the Bank's commercial lending portfolio, with a primary focus on large and complex borrowing relationships, criticized credits, and emerging risk trends. This role leads quarterly borrower reviews, analyzes financial performance, global cash flow, collateral, and covenant compliance, validates risk ratings, develops actionable risk mitigation plans, and provides concise executive-level reporting to support early risk detection and proactive portfolio management.

As the senior level of the Portfolio Manager role, this position owns the Bank's largest and most complex monitored relationships, exercises independent challenge authority over risk assessments and ratings, and guides and reviews the work of Portfolio Analysts.

ESSENTIAL FUNCTIONS:
Credit Analysis & Risk Oversight

• Lead quarterly reviews of designated commercial lending relationships, including loans exceeding the exposure thresholds defined in Bank credit policy and other large, complex, or higher-risk credits. 
• Perform advanced analysis of borrower financial statements, global cash flow, collateral performance, guarantor support, portfolio analytics findings, and covenant compliance, and document defensible conclusions. 
• Independently assess and validate risk ratings, identify credit migration and early warning indicators, and recommend timely rating changes when warranted. 
• Review borrower, industry, market, legal, and public information to identify potential credit concerns. 
• Develop borrower-level monitoring recommendations, corrective action plans, escalation strategies, and measurable follow-up requirements. 

Continuous Monitoring & Risk Management

• Monitor covenant compliance, delinquency trends, financial reporting exceptions, risk rating changes, nonaccrual activity, criticized assets, and other portfolio risk indicators. 
• Manage execution of action plans for criticized and monitored relationships, including coordination of responsibilities, target dates, and escalation of unresolved issues. 
• Track completion of required borrower reporting and monitoring activities. 
• Support OREO, workout, special asset, and troubled-loan monitoring activities in coordination with Special Assets, including analysis of risk mitigation and resolution strategies. 

Risk Governance & Reporting

• Prepare and present quarterly relationship review results, portfolio risk presentations, and concise executive-level reporting to senior management. 
• Provide independent challenge when analysis or conclusions are not sufficiently supported, and escalate material issues to senior management. 
• Identify and synthesize portfolio trends, concentration risks, recurring exceptions, and emerging credit concerns to support forward-looking risk management. 
• Actively contribute subject-matter expertise in Portfolio Management and risk governance meetings. 

Collaboration & Continuous Improvement

• Partner with Commercial Lending, Credit Risk, Credit Administration, Special Assets, Legal, and Finance to coordinate reviews and support timely risk mitigation and resolution of identified issues. 
• Contribute to the design and adoption of reporting tools, automation, and AI-enabled monitoring solutions that improve efficiency, consistency, and portfolio insight. 
• Recommend and support enhancements to monitoring procedures, controls, credit standards, and risk governance practices. 

JOB QUALIFICATIONS:

• Minimum of 3 years of experience required, and 5+ years preferred, in commercial underwriting, credit risk, portfolio management, or related financial analysis, including demonstrated experience with large, complex, criticized, or troubled credits. 
• Bachelor's degree in finance, accounting, business, or a related field, or equivalent experience. 
• Advanced analytical, decision-making, and independent judgment skills, with the ability to assess complex relationships, challenge assumptions, and develop defensible credit conclusions. 
• Proficiency in financial spreading, global cash flow analysis, and advanced Excel, with experience using credit and portfolio monitoring systems. 
• Working knowledge of commercial credit policy, risk rating guidance, and applicable regulatory expectations. 
• Excellent written and verbal communication skills, including the ability to present concise, well-supported credit assessments, recommendations, and emerging risk concerns to senior management. 
• Demonstrated ability to use and contribute to automation and AI-enabled tools that improve financial analysis, reporting, and workflow efficiency. 

The annual salary range for the Sr. Portfolio Manager is $80,000 - $110,000 per year and commensurate with experience.

About Northern Bank & Trust Company

Northern Bank is a full-service bank dedicated to providing practical, common sense financial solutions to help our customers live their lives and grow their businesses. From deposit products to loans to payment and collections services, we work hands-on with our entrepreneurial customers, both locally and across the country, to provide the financial support they need to realize their personal and business goals. Founded in 1960, Northern Bank has assets of over $3 billion with 12 locations serving communities throughout Middlesex County. Northern Bank is a Member of the FDIC, and an Equal Housing Lender. For more information on online banking services, please visit www.NBTC.com or follow Northern Bank on Facebook (/NorthernBankM A/), Twitter (@northernbankma), Instagram (@northernbankma) and LinkedIn (company/northern-bank-ma/).