Portfolio Manager I or II

Hiring range: $73,000 to $100,000 annual salary, plus incentive opportunities. Total compensation may vary by location and qualifications.

About the role

Responsible for the growth and retention of assigned portfolio clients and collaborating with the Commercial Banking Regional Manager to deepen and retain portfolio relationships. Through cross-selling the Bank’s products, services, and forward-looking business planning, you will develop robust relationship service plans. Additional responsibilities include facilitating comprehensive analysis to evaluate credit facilities in the assigned portfolio, generating income, and maximizing return on assets (ROA).

Responsibilities

• Serve as the primary contact for assigned Commercial or Business relationships across the Bank’s footprint, proactively retaining and expanding them through regular contact.
• Monitor and assist with relationship profitability, retention, and growth, responding promptly to portfolio balance changes, including financial ticklers and covenant management.
• Maintain a loan portfolio, minimizing risk and ensuring delinquencies and weak loans adhere to Bank policy.
• Recommend and model appropriate loan structures for expanding relationships.
• Ensure all documentation necessary for loan package completion is acquired.
• Coordinate with business partners or the Regional Manager to identify customers for expansion and retention opportunities, focusing on value-added expertise.
• Conduct quarterly, semi-annual, or annual business reviews, collaborating with business partners or Community Banking partners to gather historical financial reports, industry outlook resources, and benchmarking data for current and future financial solutions.
• Participate in research and preparation to understand customer relationships and industry changes.
• Understand the Bank’s products and services, supporting Tri Counties’ "Service with Solutions" culture.
• Identify referral opportunities and introduce other business lines.
• Review credit risk ratings and borrower/guarantor analysis, assessing changes, identifying offsetting mitigants, and summarizing recommendations.
• Maintain a current understanding of Bank policies and procedures in compliance with all federal and state laws, including Bank Secrecy Act (SARs, CIP, OFAC), Information Security (GLBA), Identity Theft Red Flags, Financial Elder Abuse Reporting, and other applicable regulations.

Requirements

• High school diploma required; bachelor’s degree in accounting, finance, or business administration recommended.
• Portfolio Manager I: 3 years of related experience in the financial industry.
• Portfolio Manager II: 5 years of related experience in the financial industry.
• Financial analysis experience and credit training required.
• Strong business acumen and ability to analyze all types of loans.
• Superior understanding and analysis of financial statements, collateral, debt service coverage ratio (DSCR), and covenant compliance.
• Exceptional communication and analytical skills, with the ability to communicate effectively across all levels of financial literacy.
• Effective presentation skills for C-Suite executives and organizations.
• Experience with financial analysis programs and discounted cash flow models.
• Good interpersonal skills, team-oriented, and strong customer service focus.

About the company

Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK), headquartered in Chico, California, with corporate offices in Roseville, South San Francisco, and Bakersfield. The Bank has assets of nearly $10 billion and 50 years of financial stability. Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California, with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide. As California’s Local Bank, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism, and investments. Recognized as a Top Workplace and Best Bank, Tri Counties Bank recruits and retains diverse and talented team members.