Community Development Portfolio Manager II

Job Listings Title:
Community Development Portfolio Manager II

Post Date
10/27/2025

Expiration Date
1/25/2026

Details:
The Community Development Portfolio Manager II position is responsible for prudent underwriting and effective credit and risk administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, on-going portfolio maintenance activities, and client support for an assigned portfolio of existing credits and prospects primarily of medium to higher complexity.

Responsible for ensuring overall portfolio performance and asset quality remains strong and, when necessary, surfaces issues, proposes and collaborates with others on strategies and actions to limit risk and loss to the Bank.

Will monitor the performance of existing borrowers within assigned portfolio and ensure compliance with financial covenants. Responsible for performing the functions of the position with only periodic oversight and is expected to perform with minimal supervisory intervention.

Evaluate debt opportunities for suitability with respect to Community Development goals, underwriting standards, and credit policy. Collaborate with RM, as needed, in preparation of TOS and commitment letter. Takes lead in underwriting process including thorough, sound risk assessment, CPS preparation and compliance with credit policy, including appropriate disclosure of exceptions. Effectively balances being thorough with being concise. Exhibits knowledge of a broad range of loan terms and conditions and understanding of loan documentation. Experience in understanding and structuring complex capital stacks, including tax credits, public grant and subsidy funding sources, including but not limited to block grants (HOME/CDBG) and HUD subsidy support (ie Section 8).

Portfolio will include a high concentration of commercial real estate construction loans. Ongoing portfolio responsibilities will include approving monthly construction loan draws and monitoring development budget for adequacy.

Works in conjunction with Relationship Management to secure credit approval for all proposals. Proactively recognizes potential credit issues and collaborates with RM to articulate appropriate mitigants. Consistently adheres to all regulatory compliance requirements. Takes lead, working with RM, to negotiate loan documents and ensure loans are closed in accordance with approvals.

Specific tasks may include Running financial models using a variety of formats/systems, preparing CPS/T&C/Appendices for new credit and renewal requests, Sponsor/Guarantor analyses, completion of regular compliance checks and reviewing Sources and Uses/Flow of Funds).

Portfolio and Risk Management

Oversees assigned portfolio of credits, anticipates portfolio problems, identifies and develops solutions, handles multiple demands and competing priorities, meets deadlines and schedules associated with maintaining portfolio compliance with credit and risk policies. May audit loans post closing to ensure documentation is in accordance with approval.

Actively and effectively manages assigned portfolio including, but not limited to: Completing annual project and sponsor reviews; proactive proper completion and validation of credit grading models; oversees scheduled (monthly/ quarterly) covenant and financial reporting monitoring requirements; initiating follow up action in conjunction with RM as necessary; tracking of delinquency, exceptions, matured loans and collateral monitoring. Effectively maintains high quality credit file documentation.

Manages a portfolio of medium to high complexity credits, with complex organization structures, documentation, and/or collateral structures. May be responsible for some larger exposures.

Anticipates portfolio/credit problems and takes action to develop solutions in partnership with RM or PM TL.



Qualifications:
Requirements:

Bachelor's degree required: Business administration, finance, accounting, and/or economics preferred.
8+ years of experience and exhibited competency in financial analysis and credit structuring, understanding, and applying credit policy, and credit monitoring and risk administration practices.
Prior portfolio management experience to include proposing credit and covenant structures and documenting loans.
Commercial Real Estate experience – debt, equity, or development – experience is preferred.
Tax Advantaged Investments
Low Income Housing Credit (LIHTC) is highly preferred.
Historic Tax Credit (HTC) and New Market Tax Credit (NMTC) a benefit
Strong verbal and written communications and interpersonal skills combined with ability to multitask and function under pressure to meet deadlines.
Competency in Office products (Word, Excel, Power Point), Argus and spread sheet modeling.
Hours & Work Schedule

Hours per Week:(Hybrid, 4 days onsite and one day remote; Some travel required. )
Work Schedule: M-F

Comments:
To further discuss, please email Michael Engels; Citizens Bank

michael.d.engels@citizensbank.com
(All conversations are confidential)



Employer:
Citizens Bank
Contact:
Michael Engels

Work Phone:
4016154212

Email:
michael.d.engels@citizensbank.com

Website:
https://jobs.citizensbank.com/job/boston/community-development-portfolio-manager-ii/288/81582948992