AVP, Commercial Real Estate Credit

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.

POSITION SUMMARY

As a national commercial real estate lender with deep industry knowledge, the Bank purchases and originates traditional and transitional loans and other facilities for borrowers and non-bank lenders. The Commercial Real Estate Credit Manager will be part of the Commercial Real Estate Credit Group and play an integral role in evaluating, underwriting, and monitoring credit risk across the Bank’s real estate loan portfolio and new lending opportunities. This role will support the credit process through detailed financial analysis, collateral evaluation, and market research, contributing to well-informed lending decisions and ongoing portfolio management.

KEY RESPONSIBILITIES

• Credit Analysis: analyze borrower financial statements, rent rolls, operating statements, and cash flow to assess creditworthiness and repayment capacity
• Collateral Evaluation: review and analyze third-party appraisals, internal valuations, and market data to assess collateral quality, value, and associated risks
• Portfolio Monitoring: support ongoing surveillance of portfolio credits by tracking financial performance, covenant compliance, and market conditions
• Credit Memoranda & Reporting: prepare clear, concise credit memos and supporting materials for internal approval processes, including Credit Committee presentations
• Collaboration: partner with originations, real estate, asset management, and senior credit team members to evaluate opportunities and manage risk across the platform
• Due Diligence: participate in due diligence efforts, including borrower calls, site inspections when appropriate, and review of third-party reports (appraisals, environmental, engineering, etc.)
• Portfolio Management: when necessary, manage a portfolio of acquired or originated loans

KNOWLEDGE, SKILLS AND ABILITIES

• Experience: 4+ years of experience in commercial real estate lending, real estate valuation and/or underwriting.
• Education: Bachelor’s degree with a strong track record of performance and leadership. Formal bank credit training or continuing education in credit and/or real estate topics a plus
• Technical Skills: Intermediate to advanced Excel skills with knowledge of real estate financial modeling and operating business analysis
• Communication: Exceptional interpersonal and written skills; ability to distill complex credit analysis into concise investment memos and Credit Committee presentations
• Mindset: A “can-do” attitude with the ability to thrive in a fast-paced, feedback-heavy environment
• Compliance: Ability to successfully pass all technical and regulatory examinations required by the Bank

PHYSICAL DEMANDS AND CONDITIONS

Standard office environment with significant time spent at a desk/computer

Domestic travel required (up to 5%) for site inspections and due diligence

Working knowledge of the technology and equipment necessary to complete day-to-day work assignments

Ability to work in a modern office space in close proximity to co-workers

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.