PORTFOLIO MANAGEMENT OFFICER - FLORIDA

First BanCorp•Río Piedras, PR

1d•Onsite

About The Position

Responsible for the portfolio management of the Corporate Banking division which includes Corporate-Syndicated, Project Finance and Middle Market segments. This role supports the Corporate Banking Team with dynamic portfolio monitoring & management, compliance with internal & regulatory standards, preparation of value-add strategic & ad hoc analyses, and providing exceptional client service. Accountable for adhering to the Bank's BSA, AML, and Office of Foreign Asset Control (OFAC) applicable policies. Employee must follow specific unit procedures developed in compliance with the policies. Employee is also responsible for reporting suspicious activity and/or transactions in accordance with the Bank's processes and comply with any mandatory BSA, AML, and OFAC training assigned.

Requirements

Bachelor’s degree in finance, Economics, or related field.
Accountable for adhering to the Bank's BSA, AML, and Office of Foreign Asset Control (OFAC) applicable policies.
Must follow specific unit procedures developed in compliance with the policies.
Responsible for reporting suspicious activity and/or transactions in accordance with the Bank's processes and comply with any mandatory BSA, AML, and OFAC training assigned.
Customer Focus: Anticipate and provide service excellence to both internal and external customers.
Building Strong relations: Establish, sustain, and foster both internal and professional contacts to build, enhance and connect to Firstbank services.
Communication: Deliver clear, effective communication and take responsibility for understanding others.
Business Acumen: Understand how the organization works, including, current and future policies, practices, and trends.
Problem Analysis & Solution: Identify problems and conduct appropriate analysis involving others to search for the best solution.
Ownership: Take initiative and assume personal accountability for goals, outcomes, and deadlines.
Vision & Values: Understand the organization’s vision and uphold the values in everyday work and actions.
Collaboration & Teamwork: Provide direction and leadership to help teams achieve goals and operate cooperatively.
Development (Personal & Others): Demonstrate curiosity for learning and perform activities to make the most of their skills and boost potential in self and others.
Change & Innovation: Create a view of change as an opportunity and inspire others. Look for new ways to experiment with new ideas and approaches.
Empowering & Motivating Others: The ability to create a positive environment and enable others to have ownership of their jobs and responsibilities.
Managing Performance: At leadership levels set clear goals and expectations for excellence performance.

Nice To Haves

Master's degree a plus.

Responsibilities

Monitor a diversified portfolio of corporate banking transactions on an ongoing basis to ensure credit quality, covenant compliance, and risk-adjusted returns.
Conduct periodic portfolio reviews, identify early warning signals, and implement proactive mitigation strategies.
Ensure timely submission of Quarterly covenant compliance reports and leveraged loan reports.
Support the preparation and delivery of comprehensive portfolio presentations/analysis for senior management, highlighting performance trends, risk metrics, and strategic recommendations.
Ensure adherence to credit policies, underwriting standards, and regulatory requirements.
Maintain a comprehensive, up-to-date, portfolio overview file, tracking key performance/transaction metrics, portfolio balances, credit ratings etc. for effective portfolio monitoring and reporting.
Maintain organized credit files, ensuring accuracy, completeness, and compliance with internal policies and regulatory requirements.
Collaborate with Credit Analysts and Relationship Managers on the underwriting of amendments, waivers, refinancings and restructurings.
Manage the loan closing process, ensuring accurate documentation, compliance with credit terms, and timely coordination with internal teams and external stakeholders.
Oversee and coordinate the legal review process, ensuring timely engagement with counsel, accurate documentation, and compliance with regulatory and contractual requirements.
Analyze complex credit and legal structures, including syndicated loans and project finance facilities.
Serve as a point of contact for internal teams and external stakeholders, including agent banks and clients.
Participate in client discussions, offering insights on post-transaction processes including closings, client services, and cross-sell.
Participate in credit committees and pipeline meetings to assist in new deal execution and provide existing portfolio insights.
Partner with Relationship Managers and Treasury teams to identify client needs for liquidity, payment solutions, and working capital optimization.
Facilitate implementation and maintenance of treasury products and services, ensuring alignment with client operational requirements.
Monitor utilization of cash management solutions within the portfolio and recommend enhancements to improve efficiency and strengthen client relationships.
Identify opportunities to optimize portfolio returns and enhance risk-adjusted profitability.
Contribute to the development of portfolio management strategies and credit risk frameworks.
Active involvement and leadership on strategic analyses and ad hoc presentations.
Support cross-selling initiatives and business development efforts within Corporate Banking.