Asset Management Master Servicing Manager

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full time Boston, MA, US

Salary Range: $ To $ Annually

Northeast Bank is a full-service community bank and a national commercial real estate lender with offices in Maine, Massachusetts, and New York. 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.

Provide management oversight for a portfolio of performing and non-performing bank assets as well as Bank originated loans with the objective of maximizing returns and minimizing losses within the portfolio.

• Management oversight for the Bank’s purchased loan portfolio, which will include an initial written assessment of each asset acquired. The initial assessment will include a strategy to maximize income and diminish risk of loss in the future. Such action plans will be recommended to Senior Management and investment partners on an ongoing basis. Daily responsibilities include restructuring credit and repayment terms, developing strategies to better secure collateral, collecting and monitoring monthly payments, as well as taxes and insurance, working with borrowers to obtain financial information and preparing written in-depth analysis on an annual or bi-annual basis with recommendations to protect and strengthen the investment.
• Management oversight for the Bank’s originated loan portfolio. Daily responsibilities include monitoring monthly payments, as well as taxes and insurance, working with borrowers to obtain financial information and preparing written in-depth analysis on an annual basis with recommendations to protect and strengthen the investment if necessary.
• Periodic credit underwriting assignments for loan portfolios under consideration, including a review of available loan documentation, borrower, guarantor and tenant analysis, recommendation of bid price based on cash flow modeling and presentation of analysis to loan investment committee.
• Successfully pass technical and regulatory examinations required by the Company.

• 6 to 10 years of experience in asset management, commercial loan workout and/or loan underwriting
• Formal bank credit training a plus
• Ability to work and thrive in a team environment.

• Ability to work in an office environment and in a stationary position for extended periods of time.
• Ability to communicate with co-workers, customers and vendors in a professional and concise manner.
• Working knowledge of the technology and equipment necessary to complete day-to-day tasks.
• Some Travel is required.
• Ability to occasionally lift up to 20 pounds.

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.