The FVP, Senior Portfolio Manager supports the Commercial Banking business unit’s credit team by providing objectivity with a risk management focus and the support needed to manage existing/legacy loan portfolios and for evaluating loan applications for renewal, modifications and extensions. Additionally, the Portfolio Manager will be responsible for annual reviews of larger relationships and for recommending guidance line approval limits for such relationships, while ensuring files are in compliance with policy and guidelines. The incumbent will also perform other duties as necessary to support the goals and objectives of the assigned lending unit.
Duties and Responsibilities:
- Contacts and maintains relationships as a trusted advisor with all clients in the managed portfolio.
- Provides leadership and guidance to the Portfolio Managers and Portfolio Analysts supporting the Commercial Banking business unit.
- Responsible for adherence to all compliance programs, including but not limited to, completion of all required and assigned training modules by establishing due dates.
- Provide support of underwriting and verification of risk-assessment analysis on credit request packages to be submitted for co-approval or approved by Client or Relationship Managers. Ensure packages are complete, accurate, and adhere to policy.
- Understand and employ all policies and procedures of the Bank and the Line of Business and complies with requirements of all laws and regulations applicable to position.
- Support the Senior Credit Administrator in the administration of the portfolio in order to achieve the desired results of quality and profitability.
- Monitor proper use of single loan authority, execution of risk grading grid, appraisal order process, and all other components established for the assigned business unit.
- Inspect credit files and loan systems information to ensure accuracy and data integrity.
- Participate in Problem Loan Reporting. Take ownership of actions agreed upon in problem loan meetings to ensure actions are executed.
- Work closely with assigned processor to ensure all client-related documentation and administrative issues are resolved on a timely basis.
- Keep abreast of changing business and economic developments which impact the loan portfolio, its profitability, and banking in general.
- Remain up-to-date on all bank compliance regulatory policies and procedures and on all pending and proposed regulatory changes affecting bank compliance.
- May perform other duties.
Knowledge and Skills:
- Excellent credit analysis and accounting skills with ability to analyze and recommend loans that meet the Bank’s credit standards.
- Must be able to build compelling arguments to support recommendations, maintaining an effective balance between the sales/client objectives, with the need to maintain acceptable credit quality and profitability.
- Supervisory experience preferred.
- Ability to communicate effectively and persuasively in both verbal and written forms.
- Good organizational skills.
- Ability to assume responsibility and accountability for decision making.
- Works well independently and with teams.
- Strong knowledge of banking policies and procedures and relevant regulatory guidelines.
- Experience with modifications and renewals of existing loans.
- Must be proficient in a windows environment, i.e., Word, Excel, PowerPoint and Outlook
- Ability to travel locally as needed, occasionally overnight.
Education and/or Experience:
- Bachelor’s degree in Business or Finance, or an equivalent combination of education and experience. MBA a plus.
- Minimum 5 to 7 years C&I underwriting and portfolio management experience is required.