Our SelectLeaders client is a U.S.-based commercial bank that offers a broad range of financial services, with a particular strength in international trade and small business lending. They provide products such as export-import financing, commercial real estate loans, business and personal checking and savings accounts, and digital banking solutions and are seeking a Portfolio Manager to support their team.
The Portfolio Manager is a key member of the banking team and is responsible for managing an assigned portfolio's underwriting quality, portfolio administration, and credit quality. This role involves ensuring the portfolio's health and compliance with regulatory standards and identifying and executing opportunities to enhance customer relationships by offering tailored financial products and services.
Responsibilities
Responsible for the credit and monitoring of portfolio risks
Working directly with account officers and team members to effectively grow fees, deposits, and portfolio revenue by presenting financial solutions to customers.
Conducts preliminary evaluation and underwriting of loan proposals terms sheets.
Contribute to the Team’s overall meeting and/or exceeding the assigned volume/production goals
Identify and recommend changes and enhancements to the Bank’s lending policies and procedures to best serve the current market needs
Responsible for the full cycle of loan requests process. Provide financial analysis, obtain data to prepare a term sheet, and write proposals to expand the lending business.
Requests all third party appraisals, environmental reports, and ensures all are within compliance.
Identify areas of concern pertaining to a loan and discuss with Account officers
Primary liaison with the Credit Department on loans submitted, prepare risk rating change proposals and facilitate the loan approval.
Primary contact for coordinating information between client and internal departments in the loan process.
Responsible for communication and finalizing loan closing.
Responsible for overseeing renewals, document tickler and covenant tracking of loans.
Monitor loan documentation exception reports and follow-up to clear up document exceptions in a timely manner.
Monitor financial statement exception reports and follow-up to clear up financial statement exceptions in a timely manner.
Works closely with Account Officers to manage maturing and re-price loans and identify new business opportunities.
Troubleshoot, report, and manage activity on delinquent accounts at the various intervals
Generate and provide requested reports as necessary on Team’s loan portfolio
Participate in team sales calls and attend external events and activities in a business development role.
Qualifications
Bachelor’s degree in Business, Finance or related field or equivalent experience
Minimum of five (5) years of experience working in a Banking environment with emphasis on credit area required.
Prior working experience with loan underwriting is required.
Formal credit training is required.
Ability to analyze financial and project statements, corporate and personal tax returns.
Understanding of basic loan structure processes and regulations associated with lending
Strong understanding of loan documentation criteria
Excellent verbal and written communication skills;
Proficiency with Microsoft Office Suite (Word, Excel, Powerpoint)
Excellent interpersonal, customer relations and sales skills
Strong team work ethics is required
Ability to converse and exchange information with all levels of staff within organization.
Ability to observe, perceive, identify, and translate data
Ability to work well independently and in a fast-paced environment
Travel within the local market may be necessary
Benefits
Base compensation range for this role is $100,000-$120,000 per year, with biannual bonus structure
Medical insurance with 100% covered premium paid for employees
Dental Insurance
Vision Insurance
401k with company match
Continued Education support and culture invested in professional development
Paid time off
$100,000 - $120,000 a year
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The Portfolio Manager is a key member of the banking team and is responsible for managing an assigned portfolio's underwriting quality, portfolio administration, and credit quality. This role involves ensuring the portfolio's health and compliance with regulatory standards and identifying and executing opportunities to enhance customer relationships by offering tailored financial products and services.
Responsibilities
Responsible for the credit and monitoring of portfolio risks
Working directly with account officers and team members to effectively grow fees, deposits, and portfolio revenue by presenting financial solutions to customers.
Conducts preliminary evaluation and underwriting of loan proposals terms sheets.
Contribute to the Team’s overall meeting and/or exceeding the assigned volume/production goals
Identify and recommend changes and enhancements to the Bank’s lending policies and procedures to best serve the current market needs
Responsible for the full cycle of loan requests process. Provide financial analysis, obtain data to prepare a term sheet, and write proposals to expand the lending business.
Requests all third party appraisals, environmental reports, and ensures all are within compliance.
Identify areas of concern pertaining to a loan and discuss with Account officers
Primary liaison with the Credit Department on loans submitted, prepare risk rating change proposals and facilitate the loan approval.
Primary contact for coordinating information between client and internal departments in the loan process.
Responsible for communication and finalizing loan closing.
Responsible for overseeing renewals, document tickler and covenant tracking of loans.
Monitor loan documentation exception reports and follow-up to clear up document exceptions in a timely manner.
Monitor financial statement exception reports and follow-up to clear up financial statement exceptions in a timely manner.
Works closely with Account Officers to manage maturing and re-price loans and identify new business opportunities.
Troubleshoot, report, and manage activity on delinquent accounts at the various intervals
Generate and provide requested reports as necessary on Team’s loan portfolio
Participate in team sales calls and attend external events and activities in a business development role.
Qualifications
Bachelor’s degree in Business, Finance or related field or equivalent experience
Minimum of five (5) years of experience working in a Banking environment with emphasis on credit area required.
Prior working experience with loan underwriting is required.
Formal credit training is required.
Ability to analyze financial and project statements, corporate and personal tax returns.
Understanding of basic loan structure processes and regulations associated with lending
Strong understanding of loan documentation criteria
Excellent verbal and written communication skills;
Proficiency with Microsoft Office Suite (Word, Excel, Powerpoint)
Excellent interpersonal, customer relations and sales skills
Strong team work ethics is required
Ability to converse and exchange information with all levels of staff within organization.
Ability to observe, perceive, identify, and translate data
Ability to work well independently and in a fast-paced environment
Travel within the local market may be necessary
Benefits
Base compensation range for this role is $100,000-$120,000 per year, with biannual bonus structure
Medical insurance with 100% covered premium paid for employees
Dental Insurance
Vision Insurance
401k with company match
Continued Education support and culture invested in professional development
Paid time off
$100,000 - $120,000 a year
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