Associate, Asset Manager Position Available In Androscoggin, Maine

Associate, Asset Manager at Banking in Lewiston, 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

 Provide oversight and asset management support for portfolios of performing and non-performing bank assets with the objective of maximizing returns and minimizing losses within the portfolios.

RESPONSIBILITIES

Provide oversight and support for the Bank’s consumer loan portfolio. Daily responsibilities include monitoring and collection of monthly payments as well as monitoring real estate taxes and insurance, restructuring credit and repayment terms, working with third parties regarding foreclosure activity, bankruptcies, and repossessions, daily and monthly consumer reporting, and other general tasks. Provide oversight and support for small loans in the Bank’s purchased loan portfolio with loan balances typically less than $500,000. 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 analysis on an annual or bi-annual basis with recommendations to protect and strengthen the investment.
Periodic assignments within the Community Banking portfolio or National Lending portfolio, including a review of available loan documentation, borrower, guarantor and tenant analysis, cash flow modeling and presentation of analysis.
Successfully pass technical and regulatory examinations by the Company.

KNOWLEDGE, SKILLS AND ABILITIES

Bachelor’s degree preferred
Preference for understanding of consumer collection law and regulations Preference for 1 to 3 years of experience in asset management, commercial loan workout, loan underwriting and/or consumer collections. However, willing to train the right candidate in lieu of experience.
Formal bank credit training a plus
Ability to work and thrive in a team environment

PHYSICAL DEMANDS AND CONDITIONS

Must be able to remain in a stationary position for long periods of time.
Must be able to occasionally lift up to 20lbs.
Consistently operates a computer and other office equipment such as calculator, copy machine and printers.
Climate controlled general office setting with moderate noise level.
Must express or exchange ideas with co-workers, 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.