Bachelor's degree in finance or related field preferred
Experience in banking portfolio management required
Extensive knowledge of various loan structures
Strong verbal and written communication skills
Ability to identify strengths and weaknesses in credit requests
Excellent personal organization and time management skills
High ethical standards and ability to maintain confidentiality
Responsibilities
Support RM sales efforts by managing loan portfolios
Negotiate effectively between Sales and Credit departments
Review pre- and post-closing documents for compliance
Monitor and prepare reports for credit and compliance standards
Analyze complex credit requests with financial statement analysis
Collaborate with market leadership to boost client portfolio growth
Track past due information and alert RMs proactively
Benefits
Career development opportunities
Dynamic and supportive team environment
Emphasis on ethical banking practices
Comprehensive compliance and training programs
Access to latest industry trends and technology
Full Job Description
Description
Summary:
The Senior Portfolio Manager (Sr. PM) demonstrates advanced proficiency in supporting Relationship Manager (RM) sales efforts through the growth, development and effective management of loan portfolios, helping ensure positive performance. The Sr. PM works independently to assess risk by evaluating, designing and overseeing all aspects of the portfolio construction, and drives profitability by performing advanced and/or broad financial and credit analysis; manages client relationships independently and in conjunction with the RM.
Essential Duties and Responsibilities:
Apply an advanced level of credit knowledge, serving as a resource for the RM team and market as a whole.
Effectively use negotiation skills with a strong focus on the sales process, operating as a bridge between Sales and Credit.
Review documents for pre- and post-closing including the submission of pre-requisite and recurring credit source documentation to the bank's imaging system.
Prepare, review, and monitor reports to ensure FirstBank guidelines for compliance and credit monitoring are being met.
Analyze complex credit requests and perform financial statement analysis utilizing the bank's standardized analysis tools.
Prepare, review, and monitor reports analyzing loan commitments and outstanding balances by customer, loan type, property type, location, size, etc., responsible for report preparation for board approval.
Partner with market leadership, Regional Presidents, and Regional Credit Officers in support of the RMs to promote client portfolio growth and strong asset quality
Monitor past due information and future maturities, alerting the RMs as needed.
Perform the analysis of key financial metrics for input in commercial loan risk rating matrices to ensure accurate stratification of the bank's commercial loan grading portfolio.
Demonstrate an advanced understanding of financial spreads, modeling, and monitoring.
Perform research to maintain current knowledge of industry trends and changes, ensuring the PM team remains compliant with both FirstBank and industry standards.
May lead others and use advanced portfolio management skills to develop the skillset of the PM team.
Attend internal and client meetings independently representing the PM and/or RM teams as needed.
Function as part of the RM team as a capable secondary point of contact for commercial clients
Model consistent, distinctive service to all customers when delivering the FirstBank service experience.
Practice safe and sound bank procedures, including adherence to applicable laws and regulations, internal controls, operational procedures, risk management policies, and security protocols.
Provide independent analysis of credit requests and provide an effective challenge in loan approval and grading.
Ensure source documentation and credit analysis are accurate and supported.
Regular and reliable attendance.
Perform other duties as assigned.
Qualifications:
Education and/or Experience:
Bachelor's degree in finance or similar field preferred
Experience in banking portfolio management required; possess extensive knowledge of various loan structures and have the ability to apply this knowledge in the formulation of sound credit recommendations
Skills and Abilities:
Strong verbal and written communications; one-on-one and in team environments
Ability to identify strengths and weaknesses of individual requests and make recommendations to address and mitigate perceived risks
Ability to allocate time effectively and independently to prioritize timelines
Strong personal organizational and time management skills
Ability to demonstrate the highest level of ethical behavior and confidentiality and maintain confidentiality with sensitive information
Understand and comply with bank policy, laws, regulations as applicable to your job duties. This includes but is not limited to; complete compliance training and adhere to internal procedures and controls; report any known violations of compliance policy, laws, or regulations and report any suspicious customer and/or account activity
FirstBank does not accept unsolicited resumes from agencies and staffing firms. Recruitment agencies and consultants may not submit resumes directly to managers. FirstBank will not pay fees to any third-party agency or company that does not have a signed agreement as an approved vendor.
About FirstBank
FirstBank is a regional bank that provides a range of financial services to individuals and businesses in Colorado, Arizona, and California. The bank offers a range of products and services, including checking and savings accounts, loans, mortgages, and credit cards. FirstBank is known for its commitment to customer service and community involvement, and it has received numerous awards and accolades for its work. The bank was founded in 1963 and is headquartered in Lakewood, Colorado.
