Comerica Incorporated

Portfolio Manager - Tech and Life Sciences Texas

Comerica Incorporated • $90K — $130K *
Richardson, TX 75080In-Person
Finance & Insurance
5 - 7 years of experience
More than 3 months ago
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in portfolio management or a related field
  • Strong analytical skills to assess complex financial situations
  • Proven track record in managing customer relationships
  • Excellent communication and interpersonal skills
  • Understanding of risk management and credit guidelines

Responsibilities

  • Manage and retain a diverse portfolio of complex customer accounts
  • Assess and determine acceptable risk levels for client relationships
  • Make loan term recommendations and decisions within credit limits
  • Develop direct relationships with clients through regular in-person contact
  • Oversee underwriting support for credit renewals and reviews
  • Coordinate loan documentation negotiations with legal counsel
  • Monitor loan compliance and recommend actions for any discrepancies

Benefits

  • Engagement in community development and meaningful business activities
  • Opportunities for professional growth and leadership development
  • Collaboration with cross-functional teams
  • Involvement in strategic decision-making processes
  • Exposure to complex financial solutions and products
Full Job Description
Senior Portfolio Manager
Independently manages portfolio of complex customer relationships to ensure ongoing profitability and complete conformity with credit terms. Ensures the sale of additional financial services. Maintains an in-depth understanding of commercial, economic and financial circumstances and how they impact the customers and prospective customers under their management. Coordinates with key internal partners to support servicing of existing customer base.

Position Responsibilities:
Portfolio and Risk Management
  • Retain and manage existing loan portfolio taking ownership of all reviews and renewals for existing credit customers. Portfolio includes complex accounts.
  • Formulates an opinion of whether such relationships continue to be an acceptable risk.
  • Decides loan terms and conditions if within own credit limits or makes recommendations to appropriate authority.
  • Develops and maintains direct relationships with customers including a calling/contact effort with target of minimum in person contact of 2x per year.
  • Provide oversight and guidance to credit support in underwriting for renewals and reviews.
    Work with counsel to negotiate loan documentation.
  • Assist Corporate Finance on CMA led syndications.
  • Provide qualitative input for RECAP creation.
  • Works in conjunction with manager to prepare for and present at loan committees and credit quality reviews as applicable.
  • Coordinate with Loan Closers to facilitate closing of renewals or amendments.
  • Adheres to Risk Management policies and guidelines, i.e. regulatory compliance, portfolio and credit quality, and portfolio management.
  • Assists with monitoring existing loans to ensure compliance with terms of loan agreement and recommends corrective action on variances.
  • Identify & resolve operational and credit issues with loans held in portfolio.
  • Manage all non-loan credit and product risk products for existing clients, incl. treasury (ACH, Business deposit capture, etc.,) approvals and documentation.
  • Management of ad hoc and regulatory reporting within existing portfolio (both internal and external requests).
  • Monitor, track, and assist in the collection of past due loan payments, exceptions, overdrafts, and maturing loans.
  • Provide day-to-day servicing of portfolio including credit risk monitoring.
  • Conducts interviews to develop information concerning the nature of the customer's business, financing or other needs.
  • As appropriate, may provide informal team leadership responsibilities in support of the GM.

Profitability
  • Identify and close appropriate incremental financial solutions with the goal of retention and expansion (cross sales).
  • Retain existing portfolio and associated profitability.

Additional Duties
  • Promotes public bank image by being involved in meaningful community and business development activities, as appropriate.

About Comerica Incorporated

Comerica Incorporated is a financial services company that provides banking, investment, and wealth management services to individuals, businesses, and institutions. The company was founded in 1849 and is headquartered in Dallas, Texas. Comerica operates in several states, including Texas, Michigan, California, and Arizona. The company offers a range of financial products and services, including checking and savings accounts, loans, credit cards, and investment management. Comerica is committed to corporate social responsibility and has implemented sustainable practices in its operations.
Learn more about Comerica Incorporated
Size
7,223 employees
Market Cap
$8.6 billion
Industry
Finance & Insurance
Net Income
$474 million
Founded
1849
5 Year Trend
-0.1%
NASDAQ
CMA
* Ladders Estimates

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