Asset-Based Lending Portfolio Manager

About the Opportunity

POSITION: Asset Based Lending Portfolio Manager

Position Summary

At Cambridge Savings Bank, our purpose is to have a positive impact on our customers, employees, and community's financial well-being. We are committed to exceeding expectations and having a strong commitment to diversity. The ABL Portfolio Manager (“ABL PM”) will be an entry level to mid-level ABL professional with 2+ years of ABL experience and will report directly to SVP, Head of Asset-Based Lending. Ideally, the ABL PM will have been formally credit trained and/or had experiencing as an ABL Field Examiner (although this is not an absolute requirement depending on overall experience).

Key Result Areas

• Becoming efficient, via in depth training, working with ABLSoft to include the ability to review and approve changes to borrowing base components/amounts.
• Support ABL Relationship Managers (“RMs”) in the following areas:

Responsibilities

• Portfolio Maintenance
  • Support the management of all accounts within the ABL portfolio.
  • Specific activities and roles to be determined by ABL RMs and Head of ABL on an account-by-account basis.
  • Ensuring the timely receipt of all required information and documents.
  • Providing regular written updates on ABL account financial performance.
• New Business Development
  • Work along side ABL RMs on New Business Efforts.
  • Assist in the completion of Deal Summary package.
  • Assist in the construction of Proposal Letter and Term Sheets.
• General
  • Represent CSB and CSB ABL with integrity and professionalism.
  • Engage in community involvement and networking activities.

Eligibility

Two plus years asset-based lending Experience. College degree required with a major in Finance or Accounting. Solid understanding of financial accounting, strong analytical and technical skills with the ability to learn new digital platforms. Proficiency with Excel required. Excellent communication, customer services and personal communication skills. Strong organizational skills and the ability to work independently and to meet deadlines.

Benefits

• Location: Hybrid/Waltham, MA
• Salary Range: $97,000 - $125,000
• Comprehensive employee benefits package

About Company

Cambridge Savings Bank is a full-service banking institution with over $7 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank offers a full line of individual and business banking services across a robust Massachusetts-based branch network and through digital banking solutions for commercial, small business and consumer customers. To learn more about how we can meet your needs, visit us at cambridgesavings.com, or better yet, come meet us to help you make the most out of your banking relationship. Member FDIC. Equal Housing Lender. NMLS # 543370.

Cambridge Savings Bank is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law. We are a VEVRAA Federal Contractor.