Joseph Carter
Tewksbury,MA
Summary
Finance professional with eleven years of experience in commercial lending and underwriting. CFA Charterholder as of August 2021. Proficient in financial analysis and excellent analytical skills with proven ability to multi-task.
Overview
12
12
years of professional experience
1
1
Certification
Work History
Portfolio Manager, Vice President
Rockland Trust Company
Peabody, MA
11.2021 - Current
- Manage an ~$800M CRE loan portfolio (Industrial, multi-family, retail, hospitality, construction, office) supporting VP of commercial lending in all aspects of lending process
- Closed a $13.45MM CREM on Multi-Family residential property on 12/30/2020
- Pre-screen potential deals and assist Loan Officer in structuring of potential deals
- Maintain and develop relationships with prospective and existing customers
- Present loans for approval at Senior Loan Approval Committee
- Underwrite approval memos for loan modifications
- Review monthly construction requisitions
- Order appraisals to support prospective and existing loans in the portfolio
- Review environmental reports for existing and prospective loans
- Review legal documents prior to and post-closing as needed
- Conduct site visits for collateral properties
- Maintain loan files on customers, ensuring financial information is current and complete, request information from customers
- Monitor portfolio to ensure covenant compliance, identifying loan policy exceptions, and ensuring loans are appropriately risk rated
- Prepare file comments on existing loans as needed.
Portfolio Manager
East Boston Savings Bank
Peabody, MA
01.2020 - 11.2021
- Managed an ~$800MM CRE loan portfolio (Industrial, multi-family, retail, hospitality, construction, office) supporting VP of commercial lending in all aspects of lending process
- Closed 16 new loan originations totaling $185MM generating $2.6MM in fee income in 2021
- Underwrote 74 loan modifications totaling $15.2MM in new money generating $33M in fees in 2021
- Closed 10 new loan originations totaling $241MM generating $1.1MM in fee income in 2020
- Underwrote 49 loan modifications totaling $21.5MM in new money generating $115M in fees in 2021
- Maintained current and complete loan files on customers to ensure covenant compliance, identifying loan policy exceptions, and ensuring loans are appropriately risk rated
- 2020 was the first clean Chaston review for the Loan Officer’s portfolio in 10+ years
- Pre-screen potential deals and assist Loan Officer in structuring of potential deals
- Processed PPP loans for existing and prospective customers.
Commercial Credit Officer
East Boston Savings Bank
Peabody, MA
10.2013 - 01.2020
- Underwrite CRE loans up to $80 million within the commercial lending department, identifying and mitigating risks inherent to the credit
- Advise loan officers on optimal loan structure for proposed credit facilities
- Determine financial feasibility of proposed commercial real estate loans
- Analyze financial information of operating companies to determine repayment ability, including testing for financial covenant compliance and performance relative to industry standards
- Recommend appropriate credit risk ratings through thorough analysis of financial information and other pertinent client information
- Identify loan policy exceptions for existing and proposed relationships
- Train junior employees in all tasks associated with credit underwriting
Senior Credit Analyst
United Bank
Worcester, MA
09.2010 - 10.2013
- Underwrote C&I and CRE loans up to $25 million within the commercial lending department, identifying and mitigating risks inherent to the credit
- Analyzed existing loans and annually renew lines of credit developing a thorough understanding of operations and business risk, including testing for financial covenant compliance and performance relative to industry standards
- Conducted industry and macroeconomic analysis to complement sensitivity analysis of borrower prepared projections
- Collaborated with colleagues to troubleshoot issues, strength in developing and maintaining productive working relationships with clients and staff at all levels
- Ensured appropriate credit risk ratings through thorough analysis of financial information and other pertinent client information
- Proven skills in organizing, prioritizing and managing multiple projects simultaneously
- Reviewed appraisals and conduct internal evaluations of real estate held as collateral by the bank for transactions under $250,000
Portfolio Manager
Archway Investment Fund
, RI
09.2009 - 05.2010
- One of 25 students selected to participate in a one year long program managing the Archway Investment Fund, a non-profit fund worth $450,000 as of market close on 10-16-2009
- Conducted financial analysis of securities within the Industrials sector, including valuation using discounted cash flow and relative valuation models
- Prepared and present reports on equity securities with buy, sell or hold recommendations for the fund
- Voted on fellow classmates recommendations for individual equity securities
- Ensured fund trades within Investment Policy as a member of the compliance committee along with signing off on buy and sell orders for the fund, fine tuning strategic decision making skills
Education
CFA Institute -
CFA Charterholder, CFA
B.S - Business Administration, Finance, Economics and Legal Studies
Bryant University
Skills
Analyzing investment opportunities
Relationship building and retention
Performance metrics analysis
Due diligence
Financial analysis and reporting
Strategic and financial planning
Affiliations
CFA Institute
CFA Society Boston
Certification
CFA -Chartered Financial Analyst
Timeline
Portfolio Manager, Vice President
Rockland Trust Company
11.2021 - Current
CFA -Chartered Financial Analyst
08-2021
Portfolio Manager
East Boston Savings Bank
01.2020 - 11.2021
Commercial Credit Officer
East Boston Savings Bank
10.2013 - 01.2020
Senior Credit Analyst
United Bank
09.2010 - 10.2013
Portfolio Manager
Archway Investment Fund
09.2009 - 05.2010
CFA Institute -
CFA Charterholder, CFA
B.S - Business Administration, Finance, Economics and Legal Studies
Bryant University