Position Title: Portfolio Manager
This role is essential for managing a diverse portfolio, focusing on credit-driven analysis and underwriting. The Portfolio Manager will work closely with Relationship Managers to ensure client satisfaction while maintaining a strong analytical approach. Responsibilities include servicing clients, analyzing credit information, and ensuring compliance with credit policies. The position demands a balance of client-facing skills and analytical expertise. The successful candidate will navigate complex deals and present findings to loan committees. This position offers opportunities for growth within the organization, contributing to both personal and professional development.
Salary Range: $90,000 - $130,000 / Year DOE
Portfolio Manager Responsibilities: - Collaborate with commercial relationship managers on annual renewals and covenant testing
- Meet with clients for servicing and support
- Conduct credit protection assessments
- Perform preliminary credit analysis on new deals prior to loan committee presentations
- Support a portfolio of $130 million AUM in loans, with an average client size of $2.5 million
- Prepare risk assessment memos based on financial statements and projections
- Ensure compliance with fixed charge coverage ratio requirements
- Follow up with clients for necessary reporting
- Attend client meetings regularly, likely on a weekly basis
- Participate in prospecting calls as needed
- Conduct quarterly covenant testing
- Gather and analyze financial information from clients
- Minimize travel, with potential trips to Dallas for significant client meetings
- Analyze data to support decision-making
Portfolio Manager Requirements: - Minimum of 2 years of experience as a portfolio manager in a banking environment with a strong focus on credit policy
- Bachelor's degree is required
- Proficiency in Excel, particularly with formulas
- Lending school or credit training or certifications is preferred
Benefits: - $1,200 credit for home office setup
- Three weeks of paid time off, including sick and vacation days
- Medical + Dental and Vision insurance
- 401k plan with a 100% match up to 3% and 50% thereafter
- Optional supplemental insurance
- Paid bank holidays, including Columbus Day
If you are a Portfolio Manager looking to take the next step in your career, apply now! #LI-KR1
