Commercial Portfolio Manager II - Financial Institutions Group
About the role
The Portfolio Manager II is responsible for managing a portfolio of commercial loans and underwriting transactions. This position is accountable for the ongoing review and analysis of financial statements and proactive portfolio monitoring to ensure a comprehensive understanding of borrower performance and risk profile. The Portfolio Manager II partners closely with Relationship Managers and Credit Risk throughout the deal lifecycle.
Responsibilities
- Maintain an independent current and forward-looking view on the creditworthiness of each client and communicate this view to business and risk partners.
- Perform monitoring actions; conduct periodic deal reviews; and execute decisions to renew or modify deals.
- Work closely with Credit Risk and Relationship Managers to actively manage the bank's exposure to the clients in the portfolio.
- Analyze historical financials and projections to ensure accurate risk ratings, early identification of emerging credit problems, and articulation of industry trends.
- Manage underwriting, approval, and documentation process for transactions which may include new money, loan extensions, amendments, waivers, and ancillary products, including treasury management, FX, interest rate derivatives, and commodity exposure.
- Review and recommend credit decisions; perform final risk rating analysis; provide business partners with credit lending policy interpretation.
- Ensure compliance with internal policies and regulatory guidelines.
- Actively involved in the recruiting, training, and mentoring of junior team members to enhance their skills and performance.
- Meet with prospects/clients as needed.
- Create and deliver comprehensive portfolio performance reports and presentations for senior management, offering strategic insights and high-level recommendations.
- Ensure the highest standards of accuracy and integrity in system records and electronic files, supporting advanced compliance and data governance initiatives.
- Provide other employees, typically credit analysts, timely, candid, and constructive performance feedback; develop employees to their fullest potential and provide challenging opportunities that enhance employee career growth.
Requirements
- Bachelor’s degree in Finance, Business Administration, or related field.
- Minimum of 6 years of experience in commercial portfolio management.
- Strong understanding of accounting, credit analysis, portfolio management, structuring, underwriting, and legal documentation.
- Strong analytical and critical thinking skills.
- Strong verbal and written communication skills.
- Professional presence (client-facing).
- Strong interpersonal and communication skills with the ability to collaborate effectively with business and risk partners.
- Expertise in financial and risk analysis, including financial modeling.
- Demonstrated expertise in using effective problem solving.
- Proficient in technology and ability to learn new applications.
- Ability to manage multiple projects and meet deadlines.
Pay
Total Base Pay Range: $82,100.00 - $172,500.00 USD Annual
In addition to the base salary, this role is eligible to participate in an incentive compensation plan, with any such payment based upon company, line of business, and/or individual performance.
Benefits
Our extensive benefits programs are designed to support the individual needs of our employees and their families, encompassing physical, financial, emotional, and social well-being. Benefits include:
- Comprehensive health, dental, and vision plans
- Retirement savings plans with company match
- Paid time off and holidays
- Wellness programs and resources
- Employee assistance programs
- Career development and tuition assistance
Learn more about our benefits on the 53.com Careers page.
Schedule
Location: Chicago, Illinois 60606