Special Assets Portfolio Manager II

General Function

The Special Assets Portfolio Manager II is a key member of the “coverage team,” directly accountable for managing a portfolio of more complex, and typically larger stressed banking relationships through their review of updated financial statements, proactive monitoring, and interaction with the Credit Analysts and SAG Relationship Managers. Primary attention is given to underwriting and preparing approval memos for renewals, change in terms, and forbearance agreements. In addition, the Special Assets Portfolio Manager II is responsible for monitoring the current status of loan payments, past dues, loan collateral monitoring and inspections, pending maturities of loans and Forbearance Agreements, monetary compliance/defaults, covenant(s) compliance/defaults, and financial statement reporting compliance/defaults.

Essential Duties And Responsibilities

• Accountable for managing a portfolio of accounts in support of the Special Assets Director, Team Leader, and/or Workout Officers.
• Client contact with some of the most difficult credit relationships, in sometimes confrontational situations.
• Prepare approval memos and make recommendations for credit decisions.
• Provide input in discussions with the deal team on action plans and deal structure.
• Value collateral and assess collateral position in support of loan outstandings.
• Mentor to Credit Analysts and more Junior Portfolio Managers.
• Completes all requirements of loan bookings. This includes: preparation, review, documentation and the forwarding of all executed documents to the appropriate fulfillment center to ensure that all Special Assets Group loan bookings are booked correctly on the AFS system.
• Develops a working knowledge of all assigned customers and businesses.
• Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined.
• Able to communicate effectively with clients, consultants, bank group members, and internal bank partners.
• Expertise in financial and risk analysis, and effective problem solving.
• Proficient in software applications such as Microsoft Word and Excel.
• Familiarity with the bank's internal applications is a plus.

Minimum Knowledge, Skills And Abilities Required

• Bachelor's degree in accounting, finance or economics or equivalent experience.
• Minimum 6 years of credit analysis and/or Loan Review experience in the banking industry or relevant experience.
• Strong analytical skills and critical thinking skills.
• Strong verbal and written communication skills.
• Professional presence.
• Expertise in financial and risk analysis, and effective problem solving.
• Proficient in software applications such as Microsoft Word and Excel.
• Familiarity with the bank's internal applications is a plus.

Working Conditions

Normal office environment with little exposure to dust, noise, temperature and the like. Extended viewing of a CRT screen. Minimal Travel Required.

Total Base Pay Range

$82,100.00 - $172,500.00 USD

Location

Detroit, Michigan 48226