The Portfolio Manager position will report to the Market President with dual reporting to the Chief Regional Credit Officer for all credit risk related matters. Portfolio Managers will be responsible for monitoring on a timely basis the ongoing financial health of the loan portfolio and borrowers while maintaining the ongoing communication and dialogue with clients in conjunction with the Relationship Manager for all credit related reporting and business updates.
Maintains oversight of all ongoing monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) Financial Reporting and Covenant Tracking, (ii) Covenant Compliance, (iii) Collateral Monitoring and Borrowing Base Analysis, and (iv) all required third party reports, investigations, and diligence. Determines account monitoring needs working with the Relationship Managers and Underwriters during the underwriting process. In coordination with the business teams, maintains direct contact with clients as needed for account monitoring and administration of overdrafts and delinquencies.
Validates and analyzes reports such as Financial Statements, Borrowing Base Certificates, Collateral Field Examinations, Appraisals, Engineering Reports, etc. to verify compliance. Escalates issues to appropriate levels and develops action plans as necessary in conjunction with the Chief Regional Credit Officer, Credit Risk Executive, and Industry Head (as needed), as well as the Head of Credit Risk Management.
Prepares an interim Credit Monitoring Report at required intervals as well as an Annual Review of certain relationships as required.
Completes the annual risk rating evaluation as required with input from Relationship Managers on qualitative factors and approval from the Chief Regional Credit Officer and/or Credit Risk Executive.
Performs extensions, modifications, amendments, waivers, and ancillary product approvals on existing client relationships as well as renewals at Chief Regional Credit Officer discretion and oversees the legal documentation and closing process.
Prepares all required quarterly reports and analysis including Sensitive Meeting Reports and Problem Loan Reports as well as other portfolio management reports as required.
Participates in special projects and requests related to the management of the portfolio.
Maintains existing Client credit files (content and physical copies) and functions as the point person for the Region on content related to Loan Review and Audit.
Identifies possible credit product selling opportunities and notifies the RM accordingly.
Skills & Experience:
Bachelor's degree or combination of education and directly related experience.
Ideally has 5-7 years of banking experience with a minimum of 3-4 years of direct portfolio management experience within the commercial banking space.
Has strong understanding of credit policy and procedures and is able to accurately risk-rate loans/credits, evaluates both cash-flow and collateral-based loans/credits.
Experience with loan structuring and the legal documentation process.
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