Portfolio Manager IV

Responsibilities

• Facilitate the credit needs of customers by underwriting new requests and renewals/ modifications from preliminary discussions (preflight) through approval and the life of the loan.
• Proactively partner with the relationship manager and credit officer. Is closely involved throughout the deal process and beyond.
• Responsible for timely preparation of credit memorandums for a portfolio consisting primarily Commercial & Industrial, and not-for-profit credits. Credit memos will include, but are not limited to repayment analysis, financial condition, guarantor analysis, collateral analysis, risks/mitigants, borrower background, etc., and recommendation.
• Strong expertise in contractor analysis is a must.
• Responsible for protecting and preserving the integrity of an individual and team portfolio by ensuring, among other responsibilities, that loans are addressed prior to their maturity date and risk reviews are performed in a timely manner while accurately accessing/managing risk in the portfolio via the annual review process.
• Ensures all Service Level Agreements, regulatory compliance requirements (CRA, HMDA, etc.), and Bank’s credit risk profiles and profitability are monitored and maintained.
• Analyzes relationships/new deal requests with limited involvement from the Relationship Manager. Willingly and immediately escalates any concerning information to the credit manager and/or credit officer.
• Possesses conceptual and practical knowledge of credit policies with the ability to apply them to a variety of situations.
• Exhibits a thorough understanding of organizational structures, documentation (property/UCC searches, loan documents, appraisals, environmental reports, etc.), covenants and/or collateral structures.
• Effectively tracks and monitors financial reporting and covenant compliance requirements.
• Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval.
• Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as maintaining high quality file documentation in a paperless environment.
• Acts as a resource for colleagues with less experience and may be a part of projects.
• Assists in the development of new business for Firstrust. Is alert to expressed customer/prospect needs to suggest appropriate services. Directs customers to appropriate person to establish business relationships.

Qualifications

• Bachelor’s degree required. Accounting, Finance, Economics, or related majors preferred.
• Seven (7) to ten (10) years’ experience in underwriting and portfolio management (C&I).
• Must be well versed in writing, defining, and testing covenants and analyzing CPA prepared financial statements/tax returns, borrowing base certificates, field exams, accounts receivable/payable aging reports, works-in-progress reports, rent rolls, leases, appraisals (commercial and residential), etc.
• Exhibits a deep knowledge of loan structuring, risk assessment, credit policies and procedures, with previous experience assisting with, or preparing, term sheets for discussion.
• Detail oriented with strong interpersonal and oral/written communication skills.