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Job Description
Job Id:
194
# of Openings:
1
POSITION SUMMARY
Working under the direct supervision of the Chief Lending Officer, the Portfolio Manager is a supporting member of the Commercial Lending Team, i.e., Commercial Lender (RM), Business Development Officer (BDO), market leadership, etc. Adhering to the guidance of bank’s policy and standards, this position’s primary responsibilities include prescreening commercial credit opportunities and analysis and portfolio management of a diverse portfolio of lending relationships, including assessing the creditworthiness of borrowers, monitoring loan performance, and identifying opportunities for portfolio growth or risk mitigation.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Perform due diligence, prescreening credit analysis, underwriting, and supporting the preparation of credit approval packages for new and existing loans, extensions, modifications and amendments.
- Perform on-going portfolio management, monitoring and risk management activities to confirm that relationships adhere with established credit policy, procedures and business strategy, as well as commercial and regulatory guidelines.
- Prepare annual or administrative reviews to assess client and guarantor financial performance, covenant compliance and to update borrower and facility risk ratings. Ensure that reviews are completed within established target review dates.
- Effectively communicates with various internal business partners, i.e., loan operations, credit services, credit review, treasury services, etc., engaging them as appropriate throughout the underwriting and portfolio management process.
- Performs reviews and forms opinions on third-party prepared due-diligence documents (inspections, construction budgets, projections, etc.)
- As necessary, work with outside legal counsel in the preparation and review of attorney prepared loan documentation, resolving documentation issues, etc.
- As appropriate, participate with RMs and BDOs in client/prospect calls in order to gain a thorough understanding of the client/prospect and their business.
ADDITIONAL DUTIES AND RESPONSIBILITIES
- Partners with the RM and BDO in preparing the due diligence and analysis required for the preparation of an opportunity memo for new-to-bank client relationships.
- As appropriate, partners with the RM or BDO as a point of contact for the client or liaison to the Credit Team and other business partners.
- As appropriate, participates with the RM or BDO in the discussions and presentation of credit requests to local market leadership and credit officers.
- Works closely with the RM to assist with client servicing, collecting borrower and guarantor financials, transaction information, monitoring loan maturities and past due loans, etc.
- Review borrowing base certificates, verification of liquidity and other periodic documentation in accordance with applicable loan agreement monitoring.
- Periodically review the borrower’s electronic file depository to assess for the completeness of files and that documents are accurately filed.
- Monitors client operating performance against original underwriting and projections upon receipt of required reporting information.
- Conducts the appropriate due diligence and industry and market analysis to evaluate client and guarantor credit capacity and quality.
- Works closely with the RM to monitor and resolve document exceptions that may arise including, but not limited to, loan coding, collateral and critical documentation exceptions, etc. As required, actively participates on the loan agreement exception tracking calls.
- As required, respond timely to credit review to answer questions and provide any missing documentation.
- Continues to develop advanced underwriting skills and analytical techniques through interactions with their manager, credit officers and other senior associates.
- Safeguards all client information in adherence to bank guidelines, including personal client data, account data and other sensitive information.
- Support and assist other team members if workload dictates.
- As needed, participates in special projects, as lead or contributor.
- Openly exchanges ideas and opinion and expresses concerns.
- Maintains a working knowledge of bank policies and procedures regarding applicable federal, state, and local banking and industry related laws and regulations applicable to the position, including but not limited to, Anti-Money Laundering, Gramm-Leach-Bliley, OFAC, CRA, Fair Lending, Bank Secrecy Act, etc.
- Ensures timely and successful completion of all annually required bank training assignments.
- Annual involvement in at least one (1) civic, community or industry-related activity is strongly encouraged.
EDUCATION AND/OR EXPERIENCE
Bachelor’s degree in Finance, Economics, Business Administration, or a related field.
A Master’s degree or MBA is preferred.
OTHER SKILLS/QUALIFICATIONS
- A Bachelor’s degree in Business Administration, Finance, Accounting or related field is preferred.
- 5+ years of credit analysis, underwriting, portfolio management, relationship management, or a combination of related commercial banking experience.
- Credit analysis training or certificate program, advanced skills in underwriting larger complex commercial credits, and familiarity with syndication and participation credits is highly recommended.
- Excellent verbal, written & interpersonal skills. Ability to read, analyze and interpret business periodicals, professional journals, technical procedures or governmental regulations.
- Ability to read, analyze and interpret business and personal financial statements and federal/state tax returns.
- Knowledge of non-credit bank products and services.
- Understands and is capable of correctly applying business principals and financial ratios.
- Analytical and financial analysis skills.
- Knowledge of loan documentation, loan agreements, loan structuring, collateral perfection and liens, general business contracts, etc.
- Understands lending policy and procedures and underwriting and regulatory guidelines.
- Ability to deal with a variety of instructions furnished in written, oral, diagram, or schedule form.
- Ability to multi-task and work under tight timelines.
- Ability to use sound logic to solve problems with effective solutions.
- Collaborative and highly coachable.
- Self-motivated and well organized.
- Ability to work independently with minimal supervision.
- Customer service orientation.
- Presentation skills.
- Credit, risk management and negotiation skills.
- Understands macro and micro economic issues as they apply to business.
- Understands concept of risk (market, interest rate, leverage, etc.) as it applies to the lending process.
- Computer literate with ability to quickly learn new software systems; proficient in Microsoft Office Suite of products.
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