VP, Commercial Portfolio Manager

Roles & Responsibilities

• Partner with commercial banking leadership and designated bankers to manage existing client relationships and evaluate potential new clients.
• Afford assistance with onboarding customers, ensuring a smooth process through coordination with internal teams (Loan Coordinator, Treasury Management, Credit, etc.).
• Maintain oversight of booked credit facilities, including interim financial reviews, borrowing base reviews, covenant compliance testing, annual reviews, and problem loan administration.
• Analyze financial statements and prepare credit proposals for existing and prospective clients.
• Support loan committee presentations, annual credit reviews, and problem loan summaries.
• Administer nonperforming loans and support risk mitigation strategies.
• Assist in establishing and negotiating credit terms, including costs, repayment methods, and collateral requirements.
• Mentor junior Portfolio Managers and assist in training future bankers and coordinators.
• Support preparation of materials for team meetings, executive reports, audits, and regulatory examinations.

Required Skills & Experience

• Bachelor’s degree in accounting, finance, business administration, or a related field; or equivalent experience required.
• Seven or more years of experience in commercial credit, commercial lending, or financial examination.
• Proven experience with commercial lending and portfolio management.
• Familiarity with loan documentation and regulatory compliance requirements.
• Experience in risk assessment and managing problem loans.
• Strong credit analysis and financial modeling skills.
• Excellent written and verbal communication abilities.
• Ability to manage multiple priorities and deadlines effectively.
• Knowledge of commercial lending guidelines and industry best practices.
• Ability to independently structure and negotiate non-complex loan transactions.
• Ability to provide meaningful support for credit structuring and negotiating on more complex loan transactions, including reviewing loan documentation for accuracy.
• High level of attention to detail and accuracy.
• Commitment to customer service excellence and relationship building.

About the Role

The VP, Commercial Portfolio Manager provides strategic support to the Commercial & Industrial (C&I) Banking team. This role focuses on managing portfolio risk, supporting credit analysis, and assisting with special projects to ensure strong client relationships and sound credit practices.

Worksite Location

Minneapolis, MN or Bloomington, MN; hybrid schedule

Benefits

• In addition to salary, our client offers a comprehensive benefits package including, healthcare, (medical, dental, vision) employee stock ownership program, and 401(k) contribution and profit-sharing plan.
• All benefits are subject to eligibility requirements.

Pay

$120,000 - $175,000 base salary + annual bonus

Schedule

Hybrid schedule

About Versique

Versique: /ver-seek/ adj. being both versatile and unique; n. a high-performance recruiting firm specializing in executive leadership search, direct hire, and interim hiring solutions. Versique Executive, Professional, & Interim Recruiting is a locally owned and operated hiring and placement firm based in the Twin Cities of Minnesota. With specialized practice areas across our three divisions, Versique delivers tailored expertise to a wide range of industries. What sets us apart is our team of recruiters—seasoned professionals who have worked in the very fields they now hire for, providing unmatched industry insight and connections. We believe people are more than just resumes—they are transformative, unlocking the potential for organizational growth and success. Versique is proud to be award-winning, earning recognition on the Inc. 5000 list of fastest-growing private companies and the Minneapolis-St. Paul Business Journal's Fast 50 list for 2023. We are also consistently recognized as a Star Tribune Top Workplace and were named a Best Place to Work in 2026 by the Minneapolis/St. Paul Business Journal. Let’s find your people, together. Versique is an equal-opportunity employer committed to creating a diverse workforce. We consider all qualified applicants regardless of race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status.