Commercial Portfolio Manager

Community Financial Credit Union•Plymouth, MI

11d•$40

About The Position

The Commercial Portfolio Manager is responsible for managing and servicing a portfolio of commercial loans. This position monitors and analyzes credit quality and loan exposure for their assigned commercial loan portfolio. The Commercial Portfolio Manager performs credit analysis and annual reviews, while assisting Commercial Credit Analysts on complex loan transactions as needed. In collaboration with the Commercial and the Business Experience teams, the Commercial Portfolio Manager is responsible for maintaining financial statement collection compliance within a tolerance level, keeping matured loans to a minimum, assisting in loan collection by proactively reducing delinquent loans through collection efforts when necessary.

Requirements

High school diploma or equivalent.
5 years of experience in Commercial Lending as a Credit Analyst, Underwriting Specialist, Portfolio Manager, or Relationship Manager.
3 years of construction and development experience as it relates to portfolio management.
2 years of experience in a position that includes member contact and communications.
Experience in identifying, addressing, and negotiating risky situations. This includes knowing when to elevate them to the appropriate individuals.
Working knowledge of the financial services industry, financial products, and federal & state banking regulations.
Advanced knowledge of commercial loan structuring, underwriting, credit, and documentation.
Strong knowledge of loan agreements, assumptions, accounting, loan structuring, and collateral procedures.
Thorough understanding of risks (such as the market, rates, and leverage) related to the lending process.
Proficiency using Excel, Word, and PowerPoint.

Nice To Haves

Bachelor’s degree.
Formal credit training.

Responsibilities

Monitor the credit performance of assigned commercial loan portfolios. Coordinate with servicers and Business Relationship Officers on modifications, financial ticklers, covenants, and documenting & tracking annual reviews.
Perform annual reviews as required. Collect and review financial statements, tax returns, rent rolls, personal financial statements, loan document exceptions, and other documents as required by annual reporting policy.
Monitor upcoming renewals. Prepare loan modifications and servicing action requests for approval. Obtain and review legal documents to ensure that renewals and modifications are properly documented and closed timely.
Limit the credit union’s risk of losses by monitoring the quality of the loan portfolio and keeping management informed of potential losses, trends, and compliance problems.
Perform commercial underwriting when needed and prepare credit memorandums on new requests and annual reviews. Loan types include construction & development loans, commercial real estate loans, term loans, line of credit, business acquisition loans, accounts receivable loans, letters of credit, unsecured loans and lines, business credit cards, and loans carrying the Small Business Administration guaranty.

Benefits

Comprehensive medical, dental, and vision plans
Four weeks of PTO for all full-time team members
Up to 12-weeks paid paternity/maternity leave
Lifestyle Accounts to help with your personal wellbeing
Family Health Benefits
Paid time off to observe all Federal Holidays
Flexible work options, including flex scheduling and work from home for many positions
A generous 401k match
Numerous employee engagement activities
Community Resource Groups
Paid time off for occasions such as volunteering, caregiving, and family events