Portfolio Manager

Benefits

• Employee Stock Ownership Plan & 401k Plan
• Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
• 12-week Paid Parental Leave and Medical Leave: With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.
• $5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance
• PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
• 11 Paid Holidays
• 4 Days Volunteer Time
• 2 Days Self Allowance Time
• Tuition Assistance

Responsibilities

• Management and day-to-day supervision of the SBA and Portfolio Management Team, inclusive of the Special Assets team. This includes hiring, coaching, performance reviews, establishing and tracking KPIs/KRIs, and terminations.
• Assure that the staff is fully trained, that cross-training is provided, collaboration and teamwork is required and reinforced, and ongoing training opportunities are offered
• Manage a portfolio of existing credit relationships ensuring credit quality, soundness of risk ratings, condition of credit files and adherence to Bank loan policy and regulatory guidance
• Strong knowledge of credit risk management practices and the regulatory loan risk rating scale, with ability to identify and escalate recommendations for changes
• Complete and document a defined number of loan reviews, which includes a preliminary evaluation of financial records, on a quarterly basis for all loans in the portfolio and classified in regular servicing status
• Prepare internal documentation, as applicable, to memorialize material changes to the loan since approval
• Demonstrate strong expertise in structuring and negotiating loan agreements, with proven ability to manage and resolve workout and distressed credit situations to maximize recovery and mitigate risk
• Oversee the credit department loan presentations or quarterly reviews to present to the chief credit officer and/or loan committee
• Work with the chief credit officer in preparation for loan committee review
• Respond to customer inquiries, credit requests or servicing requests in a timely manner, consistent with the Small Business Administration’s SOP 50 57 (4) and Bank loan policy
• Proactively identify cross-selling opportunities through borrower interactions, promoting bank lending and deposit products to drive relationship growth and portfolio production
• Review daily reports of delinquent loans and take affirmative action to collect payments on past-due accounts driving down delinquency and non-performing loans
• Document customer communications, both written and verbal, in designated record-keeping platforms
• Conduct reviews of existing loans for compliance, quality, covenant, and exception monitoring, acting timely for action on both risk rating upgrade or downgrades
• Monitor delinquent real estate tax reports
• Monitor all insurance requirements associated with the loan and determine whether force-placed insurance is appropriate
• Review documentation generated by SBA and Sr. Portfolio Managers and assist in any modifications that may be needed prior to the documents being executed
• Oversee the monitoring of Other Real Estate Owned Portfolio

Qualifications

• Bachelor’s degree (B.A.) or equivalent from a four-year college or technical school; or four years related experience and/or training; or equivalent combination of education and experience
• Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry, competition, and projections
• Strong knowledge of basic banking products, commercial lending products and ability to match solutions with the borrowers
• Excellent communication skills, both oral and written
• Excellent team management skills
• Able to perform job responsibilities with minimal direction
• Strong presentation, written and verbal communication skills
• Able to work independently and within a team
• Detail orientated
• Able to multi-task and prioritize work to meet deadlines
• Excellent organizational skills
• Adaptable to changing job requirements and responsibilities