AVP, National Commercial Real Estate Loan Portfolio Manager

at Northeast Bank in Portland, Maine, United States

Job Description

Northeast Bank is a Maine-based, full-service community bank and a national commercial real estate lender with offices in Boston, New York, Miami and LA. We are looking for motivated and talented individuals who want to make an impact in a growing company that cares about its employees, customers, and the communities it serves. Northeast Bank provides competitive compensation and benefits, generous PTO, and a hybrid work environment dependent on the role. If you are looking for a growing organization that prioritizes its employees, we encourage you to apply.

POSITION SUMMARY:  Northeast Bank’s (NASDAQ: NBN) National Commercial Real Estate (CRE) Lending team is looking for an experienced, motivated, and diligent Portfolio Manager to help manage originated CRE loans. The successful candidate will be responsible for underwriting new Lender Finance customers and managing an assigned portfolio of originated loans.


  • Actively manage an assigned portfolio of originated loans with balances between $1 million and $25 million, enforce loan document covenants and communicate with borrowers. 
  • Analyze borrower requests for loan modifications or extensions and make approval recommendations to senior management. Collaborate with the Legal, Credit Administration, and Loan Processing teams to document and close each request.
  • Perform annual reviews of loan relationships to document performance since loan origination, implement a loan management action plan, proactively address any credit deficiencies, and make risk rating recommendations.
  • Execute advanced asset management processes including but not limited to insurance claims, partial collateral releases, and legal matters as they arise.
  • Conduct comprehensive due diligence and underwriting of Lender Finance borrowers prior to establishing a lending relationship. These groups are reassessed from time to time as necessary, but no less than once per year.
  • Oversee relationships with Lender Finance borrowers, including establishing guidance facilities, reviewing monthly reporting, and meeting regularly to discuss existing loans and new lending opportunities.
  • Successfully pass technical and regulatory examinations as required by the Bank.


  • Bachelor’s degree with a strong track record of performance and leadership
  • 3+ years of experience in commercial real estate lending, asset management, and/or loan underwriting
  • Outgoing, charismatic, and comfortable engaging with people in all types of environments through all mediums (phone, in person, via email)
  • Team-orientation with a desire to learn and improve
  • Outstanding interpersonal, verbal, and written communication skills.
  • Formal bank credit training a plus 


  • Must be able to remain in a stationary position for long periods of time.
  • Some travel is required.
  • Must be able to occasionally lift up to 25lbs.
  • Consistently operates a computer and other office machinery such as calculator, copy machine and printers.
  • Climate controlled general office setting with moderate noise level.
  • Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.

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. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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Job Posting: 851104

Posted On: Nov 22, 2022

Updated On: Dec 22, 2022

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