Pentucket Bank is a community bank supported by the strength of our shared services organization, River Run, and banking affiliates Newburyport Bank and Rollstone Bank and Trust. Together, we shape the evolution of community banking through innovation and strong partnerships, while preserving the heartfelt service our customers value. Here, you will discover opportunities for professional growth, make a meaningful impact in your local community, and join a team that champions integrity, respect, teamwork, and continuous progress. Start with heart.

• Serves Commercial Lenders in managing the approval process, ensuring all required information has been received for proper underwriting.
• Ensures renewals are approved/booked or extended prior to expiration/maturity for lines of credit or maturing loans.
• Ensures loan terms are compliant with credit policy and banking regulations.
• Ensures accuracy and consistency with loan documents.
• Analyzes and tracks financial covenants outlined in legal documents.
• Identifies covenant violations and manages waiver process when initiated by the Lender.
• Monitors construction projects and tracks borrowings versus remaining availability, confirming the project remains compliant with the Bank’s requirements.
• Monitors portfolio to identify inconsistent risk rating and initiates risk rating changes when required.
• Drafts Watched Asset Reports when downgrading loans below a 6 rating and adheres to quarterly reporting requirements.
• Drafts commentary on changes in performance or issues requiring further explanation, and during periodic financial and covenant review.
• Facilitates internal and external examinations.
• Prepares internal and external documents including term sheets, applications, appraisal bid requests, call memos, commitment letters, post-closing memos, and loan modifications.
• Serves Lenders in all aspects of managing their existing portfolio, ongoing sales, and approval efforts.
• Establishes and maintains relationships with current and prospective clients through client engagement with the Lenders
• Aligns with CLA regarding overdraft decisions and follow-ups as needed.
• Actively stays current on all Bank products, services, procedures, policies, and applicable regulatory and compliance requirements by regularly attending team meetings, completing mandatory training on schedule, and applying knowledge to ensure accuracy and compliance in daily operations.
• Ensures adherence to federal and state laws, regulations, and bank policies by preventing violations, minimizing risks, and safeguarding the Bank’s interests.
• Verifies transactions and account balances, ensuring compliance with bank policies and state and federal regulations and the Bank Secrecy Act (BSA), as applicable to the role.

• Bachelor’s degree required with a major in accounting, finance, economics, or business administration preferred.
• Minimum 3 years of credit experience.
• Proven commercial credit skills demonstrated through prior experience.
• Basic prior experience with loan origination software (LOS) preferred.
• Basic knowledge of commercial deposit/treasury products.
• Demonstrated proficiency with office software including word processing, spreadsheet, presentation, and mail applications.
• Excellent oral and written communication skills
• Professional demeanor and maturity needed to work closely with customers, employees, vendors, and members of the Board of Directors.

Pentucket Bank is an Equal Opportunity Employer and all qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, gender, sexual orientation, marital status, religion, age, disability, gender identity, results of genetic testing or service in the military.

If you are an individual with a disability and require a reasonable accommodation to complete the application process, you may contact Human Resources at hr@riverrun.com or call 978-462-3136.