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nasdaq:nbn
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northeastbank.com
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workforcenow.adp.com
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Sep 10th, 2020 12:00AM
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Analyst, Asset Management
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Jul 13th, 2020 12:00AM
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<link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css" />
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<p><strong>POSITION SUMMARY:</strong> Provide assistance in the management and oversight for a portfolio of performing and non-performing bank assets with the objective of maximizing returns and minimizing losses within the portfolio.</p><p><strong>RESPONSIBILITIES:</strong><em> </em><em>List and describe this positions’ principal responsibilities in concise, comprehensive statements.</em></p><ul><li>Assist senior asset managers in the development and implementation of the management strategies and strategic objectives.</li><li>Asset management for purchased and originated loans, which will include providing recommendations to senior management and investment partners to maximize income and reduce loss, restructuring credit and repayment terms, developing strategies to better secure collateral, collecting and monitoring monthly payments, working with borrowers to obtain financial information and preparing written in-depth analysis and recommendations to protect and strengthen the investment.</li><li>Successfully pass technical and regulatory examinations required by the Company.</li><li>Maintain portfolio files in accordance with both the Bank’s regulatory agency’s requirements as well as the SBA.</li><li>Recommend and implement action strategies concerning non-performing assets to upper management by working with borrowers and in house and outside counsel.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> <em>Indicate the educational level, previous experience, specific knowledge, skills, and abilities required to meet the minimum entry-level requirements for this position. This may include special skills, licenses, certificates, etc.</em></p><ul><li>Bachelor’s degree required</li><li>Some experience with commercial lending and/or financial analysis</li><li>Formal bank credit training a plus</li><li>Ability to work and thrive in a team environment</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Must be able to occasionally lift up to 20lbs.</li><li>Consistently operates a computer and other office equipment such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li><li>Must express or exchange ideas with co-workers, customers and vendors.</li></ul><p><strong>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</strong>.</p>
</div>
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Sep 10th, 2020 11:34AM
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Sep 10th, 2020 11:34AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
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northeastbank.com
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workforcenow.adp.com
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Sep 10th, 2020 12:00AM
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Asset Manager
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Jul 13th, 2020 12:00AM
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|
<link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css" />
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<p><strong>POSITION SUMMARY:</strong> Provide management oversight for a portfolio of performing bank assets as well as Bank originated loans with the objective of maximizing returns and minimizing losses within the portfolio.</p><p><strong>RESPONSIBILITIES:</strong><em> </em></p><ul><li>Management oversight for the Bank’s purchased loan portfolio, which will include 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.</li><li>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.</li><li>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.</li><li>Successfully pass technical and regulatory examinations by the Company.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong><em>.</em></p><ul><li>Bachelor’s degree required</li><li>6 to 10 years of experience in asset management, commercial loan workout and/or loan underwriting</li><li>Formal bank credit training a plus</li><li>Ability to thrive in a team environment</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS:</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Some travel is required.</li><li>Must be able to occasionally lift up to 20lbs.</li><li>Consistently operates a computer and other office equipment such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li><li>Must express or exchange ideas with co-workers, customers and vendors.</li></ul><p><strong>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</strong>.</p><p><br></p>
</div>
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Sep 10th, 2020 11:34AM
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Sep 10th, 2020 11:34AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
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northeastbank.com
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workforcenow.adp.com
|
Sep 10th, 2020 12:00AM
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Real Estate Associate/Senior Analyst
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Jul 14th, 2020 12:00AM
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|
<div><div><div><link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css"> <link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_style.min.css" rel="stylesheet" type="text/css"><div class="fr-view"><p><strong>POSITION SUMMARY:</strong> Analytical role focused primarily on commercial real estate valuation, related to the Bank’s national loan origination and acquisition platforms. Review commercial real estate collateral securing loans for all business lines of the Bank, develop opinions of value and assessments of market position and potential risks, and advise senior management and business development officers. Open to hiring at a more senior level depending on experience. Position may be based in either Boston or midtown Manhattan. </p><p><strong>RESPONSIBILITIES:</strong><em> </em></p><ul><li>Complete underwriting, appraisal reviews, and valuation analysis on collateral securing loans purchased and originated for all business lines at the bank.</li><li>Conduct analysis relating to property value and market risk including online research, broker interviews, and financial modeling of property cash flows.</li><li>Participate in discussions where collateral and credit risks are evaluated and quantified. Provide consulting to asset management and loan acquisitions relating to credit, real estate matters and market risk.</li><li>Successfully pass technical and regulatory examinations required by the Company.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> </p><ul><li>Bachelor’s degree required</li><li>Between 1 and 5 years experience in finance or commercial real estate environment</li><li>Formal credit training a plus</li><li>Strong written and verbal communication skills</li><li>Attention to detail and ability to multi-task </li><li>Intermediate to advanced Excel skills</li><li>Strong research skills – both on the Internet and phone</li><li>Continuing education in credit and/or real estate-related topics</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS:</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Some travel is required.</li><li>Must be able to occasionally lift up to 25lbs.</li><li>Must be able to communicate effectively and respectfully with colleagues, clients and vendors.</li><li>Consistently operate a computer and other office machinery such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li></ul><p><strong>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</strong>.</p></div></div></div></div>
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Sep 10th, 2020 11:34AM
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Sep 10th, 2020 11:34AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
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northeastbank.com
|
workforcenow.adp.com
|
Sep 11th, 2020 12:00AM
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Associate, Asset Manager
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Jul 13th, 2020 12:00AM
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|
<link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css" />
<link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_style.min.css" rel="stylesheet" type="text/css" />
<div class="fr-view">
<p><strong>POSITION SUMMARY:</strong> Provide oversight and asset management support 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.</p><p><strong>RESPONSIBILITIES:</strong><em> </em></p><ul class="decimal_type"><li>Provide oversight and support for the Bank’s purchased loan portfolio with loan balances typically in excess of $350M, which includes 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.</li><li>Provide oversight to support for the bank’s originated loan portfolio, with loan balance in excess of $1.0MM. Daily responsibilities include monitoring monthly payments as well as payment of RE 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.</li><li>Periodic credit underwriting assignments for loan portfolios under purchase 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.</li><li>Successfully pass technical and regulatory examinations by the Company.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> </p><ul><li>Bachelor’s degree required</li><li>2 to 5 years of experience in asset management, commercial loan workout and/or loan underwriting</li><li>Formal bank credit training a plus</li><li>Ability to work and thrive in a team environment</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Must be able to occasionally lift up to 20lbs.</li><li>Consistently operates a computer and other office equipment such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li><li>Must express or exchange ideas with co-workers, customers and vendors.</li></ul><p> </p><p><strong>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</strong>.</p>
</div>
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Sep 11th, 2020 04:53AM
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Sep 11th, 2020 04:53AM
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Northeast Bancorp
|
Financials
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Banks
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|
nasdaq:nbn
|
northeastbank.com
|
workforcenow.adp.com
|
Sep 11th, 2020 12:00AM
|
Real Estate Associate/Senior Analyst
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Jul 14th, 2020 12:00AM
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|
<div><div><div><link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css"> <link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_style.min.css" rel="stylesheet" type="text/css"><div class="fr-view"><p><strong>POSITION SUMMARY:</strong> Analytical role focused primarily on commercial real estate valuation, related to the Bank’s national loan origination and acquisition platforms. Review commercial real estate collateral securing loans for all business lines of the Bank, develop opinions of value and assessments of market position and potential risks, and advise senior management and business development officers. Open to hiring at a more senior level depending on experience. Position may be based in either Boston or midtown Manhattan. </p><p><strong>RESPONSIBILITIES:</strong><em> </em></p><ul><li>Complete underwriting, appraisal reviews, and valuation analysis on collateral securing loans purchased and originated for all business lines at the bank.</li><li>Conduct analysis relating to property value and market risk including online research, broker interviews, and financial modeling of property cash flows.</li><li>Participate in discussions where collateral and credit risks are evaluated and quantified. Provide consulting to asset management and loan acquisitions relating to credit, real estate matters and market risk.</li><li>Successfully pass technical and regulatory examinations required by the Company.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> </p><ul><li>Bachelor’s degree required</li><li>Between 1 and 5 years experience in finance or commercial real estate environment</li><li>Formal credit training a plus</li><li>Strong written and verbal communication skills</li><li>Attention to detail and ability to multi-task </li><li>Intermediate to advanced Excel skills</li><li>Strong research skills – both on the Internet and phone</li><li>Continuing education in credit and/or real estate-related topics</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS:</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Some travel is required.</li><li>Must be able to occasionally lift up to 25lbs.</li><li>Must be able to communicate effectively and respectfully with colleagues, clients and vendors.</li><li>Consistently operate a computer and other office machinery such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li></ul><p><strong>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</strong>.</p></div></div></div></div>
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Sep 11th, 2020 04:53AM
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Sep 11th, 2020 04:53AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
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northeastbank.com
|
workforcenow.adp.com
|
Sep 11th, 2020 12:00AM
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Loan Servicing Manager
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Open
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Boston, MA, US
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Boston
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MA
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USA
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Sep 8th, 2020 12:00AM
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|
<link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css" />
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<div class="fr-view">
<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:0in;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;background:white;'><span style='font-size:13px;font-family:"Arial",sans-serif;color:black;'>Oversees all aspects of loan servicing and operations, supports the Bank’s commercial and consumer lending businesses. This includes ensuring the accurate preparation of data for the effective boarding and review of commercial loan originations onto the Jack Henry System. Assumes the lead role to ensure that the compliance and operations requirements of the purchased and originated loan portfolio of the Bank are met. This includes ensuring that there remains effective communication between the business, credit, processing, and legal teams, located in Maine and Boston. This position also provides effective backup and coordination for the Commercial Loan System Administration position with primary responsibility of maintaining effective interfaces between the commercial loan processing and servicing systems. Essential responsibilities include managing a diverse team of people, overseeing a variety of systems and processes, as well as taking a lead role in developing new ones.</span></p><p style='margin-top:12.0pt;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:15px;font-family:"Calibri",sans-serif;'><strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'>RESPONSIBILITIES:</span></strong><em><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'> </span></em></p><ul style="list-style-type: disc;margin-left:undefined;"><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'> Responsible for hiring, training, and managing all loan servicing staff.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Responsible for the oversight of boarding process for all loans originated by the LASG and Community Bank teams. This includes monitoring the tracking and clearing of any missed data or documentation. Works cooperatively with the team in Boston, Portland and Lewiston as well as the lenders to ensure issues are resolved in a timely manner.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Conduct reviews and quality control of the loan documents received post-closing.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Primary liaison between the Asset Manager, Commercial Lender, Loan Processing, Loan Servicing, and the Commercial Customer.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Coordinate with the Accounting area to ensure that all accounting entries are processed correctly. Acts as the lead researcher to track and resolve any outstanding financial issues. </span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Manages the servicing request process to ensure requests are tracked and resolved in a timely manner.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Coordinates any customer reporting requests related to the commercial portfolio. This will include reporting from the core system Silverlake, Cognos or nCino. Provide assistance in setting up controls around the integrity of data being reported on. Provide assistance to other areas of the bank as needed.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Actively participates in all meetings related to the support and execution of the LASG Purchases and Originations and SBA strategy.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Responsible for the management of accurate investor reporting – help support the team to resolve any discrepancies or errors.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Creates and/or reviews servicing procedures to ensure compliance with applicable laws, regulations and NEB policies.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Actively participates in audits and assists in resolving any findings.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Recommends new products or service with regard to billing, payment issues, deposit issues, including wire transfers and Line of Credit advances (for internal and external customers).</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Successfully pass technical and regulatory examinations required by the Company.</span></li></ul><p style='margin-top:12.0pt;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:15px;font-family:"Calibri",sans-serif;'><strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'>KNOWLEDGE, SKILLS AND ABILITIES:</span></strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'> </span></p><ul style="list-style-type: disc;margin-left:undefined;"><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>7 to 10 years of loan operations processes is required</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Expertise in understanding loan databases, interfaces and reporting</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Knowledge of a variety of the banking concepts, practices, and procedures related to loan compliance</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Excellent organizational skills and the ability to effectively communicate with all levels of employees</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Familiarity with various loan servicing systems</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Understanding of loan documentation</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Understanding of ad hoc reporting systems</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Understanding of loan accounting systems</span></li></ul><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:15px;font-family:"Calibri",sans-serif;'><strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'>PHYSICAL DEMANDS AND CONDITIONS</span></strong></p><ul style="list-style-type: disc;margin-left:undefined;"><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Must be able to remain in a stationary position for long periods of time.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Must be able to occasionally lift up to 25lbs.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Consistently operates a computer and other office machinery such as calculator, copy machine and printers.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Climate controlled general office setting with moderate noise level.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.</span></li></ul><p><br></p><p><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'><strong><span style='font-size:15px;line-height:115%;font-family:"Calibri",sans-serif;color:black;'>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.</span></strong><br></span></p>
</div>
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Sep 11th, 2020 04:53AM
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Sep 11th, 2020 04:53AM
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Northeast Bancorp
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Financials
|
Banks
|
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nasdaq:nbn
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northeastbank.com
|
workforcenow.adp.com
|
Oct 23rd, 2020 12:00AM
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Senior Loan Service Representative
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Open
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Full Time
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Lewiston, ME, US
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Lewiston
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ME
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USA
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Sep 28th, 2020 12:00AM
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<link href="https://cdn.jsdelivr.net/npm/froala-editor@3.1.1-1/css/froala_editor.pkgd.min.css" rel="stylesheet" type="text/css" />
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<div class="fr-view">
<p><strong>POSITION SUMMARY:</strong> Controls and monitors the payment and maintenance of all escrow items while providing support to the branch network in the administration of such accounts. Responsible for understanding and complying with regulatory requirements for maintaining escrow accounts. Evaluates loans and performs escrow analysis both when requested and annually to ensure all escrowed loans maintain adequate balances. Reviews regulatory documents dealing with insurance and tax monitoring to ensure completeness and legal compliance. Responsible for Monthly reporting to Freddie Mac and Fannie Mae. Additionally, cross trains with other functions within the Servicing Department to provide backup and support.</p><p><strong>RESPONSIBILITIES:</strong><em> </em></p><ul><li> Process transactions and escrow disbursements</li><li>Performs escrow account maintenance</li><li>Identify and assess risks and controls regarding escrow accounts, to minimize the risk and ensure controls are adequate</li><li>Ensure initial escrow analysis is provided to customers within required timeframe</li><li>Act as primary liaison between Bank and Insurance/Real Estate Tax vendors on daily or weekly basis</li><li>Reports escrow delinquency information in a timely and accurate manner</li><li>Maintain accounting and placement of forced placed insurance (transactions and account maintenance)</li><li>Reports Monthly to Freddie Mac and Fannie Mae</li><li>Act as a backup for editing and reviewing commercial loans</li><li>Cross train to learn other functions within department to provide backup</li><li>Successfully pass technical and regulatory examinations required by the Company.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> </p><ul><li>Strong organizational skills and attention to detail</li><li>Proficiency on Microsoft Word and Excel</li><li>High degree of confidentiality required</li><li>Ability to meet deadlines</li><li>Knowledge of Bank operations</li><li>Demonstrate willingness to assist others as needed</li><li>Ability to calculate figures and amounts to such interest</li><li>Ability to apply common sense understanding to carry out instructions furnished in oral or written form and retain instructions</li><li>High School Diploma or equivalent</li><li>5+ years of banking experience preferred</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS:</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Must be able to occasionally lift up to 25lbs.</li><li>Consistently operates a computer and other office machinery such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li><li>Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.</li></ul><p><br></p><p><strong>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</strong>.</p>
</div>
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Oct 23rd, 2020 05:07AM
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Oct 23rd, 2020 05:07AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
|
northeastbank.com
|
workforcenow.adp.com
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Oct 23rd, 2020 12:00AM
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Associate, Asset Manager
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Oct 14th, 2020 12:00AM
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<p><strong>POSITION SUMMARY:</strong> Provide oversight and asset management support 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.</p><p><strong>RESPONSIBILITIES:</strong><em> </em></p><ul class="decimal_type"><li>Provide oversight and support for the Bank’s purchased loan portfolio with loan balances typically in excess of $350M, which includes 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.</li><li>Provide oversight to support for the bank’s originated loan portfolio, with loan balance in excess of $1.0MM. Daily responsibilities include monitoring monthly payments as well as payment of RE 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.</li><li>Periodic credit underwriting assignments for loan portfolios under purchase 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.</li><li>Successfully pass technical and regulatory examinations by the Company.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> </p><ul><li>Bachelor’s degree required</li><li>2 to 5 years of experience in asset management, commercial loan workout and/or loan underwriting</li><li>Formal bank credit training a plus</li><li>Ability to work and thrive in a team environment</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Must be able to occasionally lift up to 20lbs.</li><li>Consistently operates a computer and other office equipment such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li><li>Must express or exchange ideas with co-workers, customers and vendors.</li></ul><p> </p><p><strong>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</strong>.</p>
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Oct 23rd, 2020 05:07AM
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Oct 23rd, 2020 05:07AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
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northeastbank.com
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workforcenow.adp.com
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Oct 24th, 2020 12:00AM
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Loan Servicing Manager
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Open
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Boston, MA, US
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Boston
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MA
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USA
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Sep 8th, 2020 12:00AM
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<p style='margin-top:0in;margin-right:0in;margin-bottom:0in;margin-left:0in;line-height:normal;font-size:15px;font-family:"Calibri",sans-serif;background:white;'><span style='font-size:13px;font-family:"Arial",sans-serif;color:black;'>Oversees all aspects of loan servicing and operations, supports the Bank’s commercial and consumer lending businesses. This includes ensuring the accurate preparation of data for the effective boarding and review of commercial loan originations onto the Jack Henry System. Assumes the lead role to ensure that the compliance and operations requirements of the purchased and originated loan portfolio of the Bank are met. This includes ensuring that there remains effective communication between the business, credit, processing, and legal teams, located in Maine and Boston. This position also provides effective backup and coordination for the Commercial Loan System Administration position with primary responsibility of maintaining effective interfaces between the commercial loan processing and servicing systems. Essential responsibilities include managing a diverse team of people, overseeing a variety of systems and processes, as well as taking a lead role in developing new ones.</span></p><p style='margin-top:12.0pt;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:15px;font-family:"Calibri",sans-serif;'><strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'>RESPONSIBILITIES:</span></strong><em><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'> </span></em></p><ul style="list-style-type: disc;margin-left:undefined;"><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'> Responsible for hiring, training, and managing all loan servicing staff.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Responsible for the oversight of boarding process for all loans originated by the LASG and Community Bank teams. This includes monitoring the tracking and clearing of any missed data or documentation. Works cooperatively with the team in Boston, Portland and Lewiston as well as the lenders to ensure issues are resolved in a timely manner.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Conduct reviews and quality control of the loan documents received post-closing.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Primary liaison between the Asset Manager, Commercial Lender, Loan Processing, Loan Servicing, and the Commercial Customer.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Coordinate with the Accounting area to ensure that all accounting entries are processed correctly. Acts as the lead researcher to track and resolve any outstanding financial issues. </span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Manages the servicing request process to ensure requests are tracked and resolved in a timely manner.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Coordinates any customer reporting requests related to the commercial portfolio. This will include reporting from the core system Silverlake, Cognos or nCino. Provide assistance in setting up controls around the integrity of data being reported on. Provide assistance to other areas of the bank as needed.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Actively participates in all meetings related to the support and execution of the LASG Purchases and Originations and SBA strategy.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Responsible for the management of accurate investor reporting – help support the team to resolve any discrepancies or errors.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Creates and/or reviews servicing procedures to ensure compliance with applicable laws, regulations and NEB policies.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Actively participates in audits and assists in resolving any findings.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Recommends new products or service with regard to billing, payment issues, deposit issues, including wire transfers and Line of Credit advances (for internal and external customers).</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Successfully pass technical and regulatory examinations required by the Company.</span></li></ul><p style='margin-top:12.0pt;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:15px;font-family:"Calibri",sans-serif;'><strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'>KNOWLEDGE, SKILLS AND ABILITIES:</span></strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'> </span></p><ul style="list-style-type: disc;margin-left:undefined;"><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>7 to 10 years of loan operations processes is required</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Expertise in understanding loan databases, interfaces and reporting</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Knowledge of a variety of the banking concepts, practices, and procedures related to loan compliance</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Excellent organizational skills and the ability to effectively communicate with all levels of employees</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Familiarity with various loan servicing systems</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Understanding of loan documentation</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Understanding of ad hoc reporting systems</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Understanding of loan accounting systems</span></li></ul><p style='margin-top:0in;margin-right:0in;margin-bottom:10.0pt;margin-left:0in;line-height:115%;font-size:15px;font-family:"Calibri",sans-serif;'><strong><span style='font-size:13px;line-height:115%;font-family:"Arial",sans-serif;'>PHYSICAL DEMANDS AND CONDITIONS</span></strong></p><ul style="list-style-type: disc;margin-left:undefined;"><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Must be able to remain in a stationary position for long periods of time.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Must be able to occasionally lift up to 25lbs.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Consistently operates a computer and other office machinery such as calculator, copy machine and printers.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Climate controlled general office setting with moderate noise level.</span></li><li><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'>Must express or exchange ideas and meaning with co-workers, supervisors, customers and vendors.</span></li></ul><p><br></p><p><span style='line-height:115%;font-family:"Arial",sans-serif;font-size:13px;'><strong><span style='font-size:15px;line-height:115%;font-family:"Calibri",sans-serif;color:black;'>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.</span></strong><br></span></p>
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Oct 24th, 2020 02:43AM
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Oct 24th, 2020 02:43AM
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Northeast Bancorp
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Financials
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Banks
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nasdaq:nbn
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northeastbank.com
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workforcenow.adp.com
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Oct 24th, 2020 12:00AM
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Analyst, Asset Management
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Open
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Full Time
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Boston, MA, US
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Boston
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MA
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USA
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Oct 14th, 2020 12:00AM
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<p><strong>POSITION SUMMARY:</strong> Provide assistance in the management and oversight for a portfolio of performing and non-performing bank assets with the objective of maximizing returns and minimizing losses within the portfolio.</p><p><strong>RESPONSIBILITIES:</strong><em> </em><em>List and describe this positions’ principal responsibilities in concise, comprehensive statements.</em></p><ul><li>Assist senior asset managers in the development and implementation of the management strategies and strategic objectives.</li><li>Asset management for purchased and originated loans, which will include providing recommendations to senior management and investment partners to maximize income and reduce loss, restructuring credit and repayment terms, developing strategies to better secure collateral, collecting and monitoring monthly payments, working with borrowers to obtain financial information and preparing written in-depth analysis and recommendations to protect and strengthen the investment.</li><li>Successfully pass technical and regulatory examinations required by the Company.</li><li>Maintain portfolio files in accordance with both the Bank’s regulatory agency’s requirements as well as the SBA.</li><li>Recommend and implement action strategies concerning non-performing assets to upper management by working with borrowers and in house and outside counsel.</li></ul><p><strong>KNOWLEDGE, SKILLS AND ABILITIES:</strong> <em>Indicate the educational level, previous experience, specific knowledge, skills, and abilities required to meet the minimum entry-level requirements for this position. This may include special skills, licenses, certificates, etc.</em></p><ul><li>Bachelor’s degree required</li><li>Some experience with commercial lending and/or financial analysis</li><li>Formal bank credit training a plus</li><li>Ability to work and thrive in a team environment</li></ul><p><strong>PHYSICAL DEMANDS AND CONDITIONS</strong></p><ul><li>Must be able to remain in a stationary position for long periods of time.</li><li>Must be able to occasionally lift up to 20lbs.</li><li>Consistently operates a computer and other office equipment such as calculator, copy machine and printers.</li><li>Climate controlled general office setting with moderate noise level.</li><li>Must express or exchange ideas with co-workers, customers and vendors.</li></ul><p><strong>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</strong>.</p>
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Oct 24th, 2020 02:43AM
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Oct 24th, 2020 02:43AM
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Northeast Bancorp
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Financials
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Banks
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