The Portfolio Manager I position is responsible for prudent underwriting and effective credit and risk administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, on-going portfolio maintenance activities, and client support for an assigned portfolio of existing credits and prospects primarily of moderate to medium complexity, with some having higher complexity.
Responsible for ensuring overall portfolio performance and asset quality remains strong and when necessary surfaces issues, proposes and collaborates with others on strategies and actions to limit risk and loss to the Bank.
Will monitor the performance of existing borrowers within assigned portfolio and ensuring compliance with financial covenants.
Will assist the Relationship Manager in structuring more advanced credit transactions, developing proposal letters, TOS, term sheets and commitment letters. They will take the lead on the internal credit process for obtaining approvals of credit proposals.
Responsible for performing the functions of the position with only periodic oversight and is expected to perform with minimal supervisory intervention.
Evaluate credit opportunities for suitability with respect to Community Development goals, underwriting standards and credit policy. Collaborate with RM in preparation of TOS and commitment letter.Takes lead in underwriting process including thorough, sound risk assessment, CPS preparation and compliance with credit policy, including appropriate disclosure of exceptions. Effectively balances being thorough with being concise. Exhibits knowledge of a broad range of loan terms and conditions and understanding of loan documentation.
Works in conjunction with Relationship Management to secure credit approval for all proposals. Proactively recognizes potential credit issues and collaborates with RM to articulate appropriate mitigants. Consistently adheres to all regulatory compliance requirements. Takes lead, working with RM, to negotiate loan documents and ensure loans are closed in accordance with approvals.
Specific tasks may include: Running financial models using a variety of formats/systems, preparing CPS/T&C/Appendices for new credit and renewal requests, Sponsor/Guarantor analyses, completion of regular compliance checks and reviewing Borrowing Base certificates (when applicable).
Portfolio and Risk Management
Oversees assigned portfolio of credits, anticipates portfolio problems, identifies and develops solutions, handles multiple demands and competing priorities, meets deadlines and schedules associated with maintaining portfolio compliance with credit and risk policies. May audit loans post closing to ensure documentation is in accordance with approval.
Actively and effectively manages assigned portfolio including, but not limited to: Completing annual project and sponsor reviews, proactive proper completion and validation of credit grading models, evaluates monthly/ quarterly covenant and financial reporting monitoring requirements initiating follow up action in conjunction with RM as necessary, tracking of delinquency, exceptions, matured loans and collateral monitoring. Effectively maintains high quality credit file documentation.
Manages a portfolio of moderate to medium complexity credits, with complex organization structures, documentation and/or collateral structures. Some credits may have higher complexity characteristics. May be responsible for some larger exposures.
Anticipates portfolio/credit problems and takes action to develop solutions in partnership with RM or PM TL.
Some travel required.