Mercantile Community Partners (MCP) Portfolio Manager

Mercantile Bank • Grand Rapids, MI

337d • $65,000

About The Position

Join Mercantile Bank as a Mercantile Community Partners (MCP) Portfolio Manager and become a vital part of community development in Grand Rapids and throughout the state of Michigan! This role emphasizes financial modeling and asset management while allowing you to positively impact your community through innovative projects and construction initiatives. You'll help manage a diverse portfolio with high asset quality by working directly with community stakeholders and internal teams to support the full lifecycle of Mercantile Community Partners projects. The starting pay for this exciting opportunity is $65,000, with additional compensation based on your experience.

Requirements

• At minimum 2 years of credit analysis and/or commercial real estate underwriting experience OR 1 year of applicable tax credit experience.
• Bachelor's degree in finance, accounting, business administration, or other related degree field, or equivalent experience.
• Demonstrated experience managing projects.
• Familiarity with pre & post-close loan coordination and accounting processes.
• Strong written and verbal communication skills.
• Ability to work in an office environment.
• Ability to attend site visits and navigate construction zones, with proper use of PPE.

Nice To Haves

• Strong credit and underwriting skills with an understanding of the Bank's credit profile, credit policies, and risk management objectives.
• Understanding of complex loan documentation and Partnership/Operating Agreements.
• Strong interpersonal skills with confidence and ability to negotiate and communicate complex information with internal and external customers, CPA's, attorneys, executives, and other centers of influence.
• Experience analyzing financial statements and tax returns.
• Ability to manage time and work under tight timelines.

Responsibilities

• Support with origination, completion of underwriting, approval, and asset management of MCP projects.
• Monitor asset quality of existing tax credit portfolio and work collaboratively to remediate any potential issues.
• Monthly, quarterly, and annual reporting and analysis of the portfolio.
• Engage with internal teams such as Commercial Bankers and Credit, as well as external partners like attorneys and CPAs.
• Assess project feasibility and monitor asset quality throughout the construction, lease-up, and stabilization stages.
• Participate in business development activities to build the pipeline for future projects.
• Attend industry events, continued education, and seek to build relationships within the community.
• Actively engage in ongoing pipeline discussions and business development efforts.
• Underwrite real estate investments and associated bank debt.
• Prepare and deliver written and verbal reviews of existing investments to assess asset quality and covenant compliance.
• Complete risk rating review and regulatory review of existing investments.
• Revise legal documents and seek additional approvals to ensure compliance when necessary.
• Work closely with accounting to provide reporting on the overall investment portfolio.

Benefits

• Full benefits package.
• 5% 401k match.
• 3 weeks' vacation starting.
• Annual bonus program.
• Multiple Medical, Dental and Vision plans to choose from.
• Company Paid Life Insurance of 3 times your annual salary.
• Health Savings Account.
• Flexible Spending Account.
• Sick time to care for yourself and your family.
• 11 paid holidays.
• A Giving Day to do work that you are passionate about in the community.
• Employee Assistance Program (EAP).
• Adoption and IVF Assistance.
• Fitness Equipment Purchase Plan.
• 401(k) match at 100% up to the first 5% of your contribution.
• Employee Stock Purchase Plan.
• 529 College Savings Plans.
• Discounted bank services.
• Legal protection.
• Tuition Reimbursement.
• Exceptional training and development opportunities tailored to your career interests and goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree