Portfolio Manager IV

Firstrust Bank•Conshohocken, PA

19h•Hybrid

About The Position

The Portfolio Manager IV requires specialized depth and breadth of expertise in exercising sound judgement in credit and risk administration through continuous credit monitoring to identify emerging credit risk in a timely manner. This role involves analyzing financial information for a complex portfolio, including C&I, not-for-profit and IRE credits, with limited-to-reasonable involvement from the Relationship Manager. The position ensures all Service Level Agreements, regulatory compliance requirements, and the Bank’s credit risk profiles are monitored and maintained. Responsibilities include preparing credit memorandums, applying extensive knowledge of credit policies to various situations, and understanding complex organizational structures, documentation, covenant definitions, and collateral structures. The Portfolio Manager IV will effectively track and monitor financial reporting and covenant requirements, and provide loan and/or risk rating recommendations for final approval. The position demands independent decision-making within commercial credit risk guidelines with minimal management oversight, and adherence to internal portfolio and underwriting processes, including timely and accurate data entry to Vikar (underwriting platform) and other centralized systems, while maintaining high quality file documentation in a paperless environment. This is a Hybrid Position.

Requirements

Specialized depth and breadth of expertise in exercising sound judgement in credit and risk administration through continuous credit monitoring to identify emerging credit risk in a timely manner.
Ability to analyze financial information for a complex portfolio, including C&I, not-for-profit and IRE credits.
Extensive knowledge of credit policies with the ability to apply them to a variety of situations.
Understanding of complex organizational structures, documentation, covenant definitions and/or collateral structures.
Ability to effectively track and monitor financial reporting and covenant requirements.
Ability to provide loan and/or risk rating recommendations based on a review of all underwriting criteria for final approval.
Independent decision making within the guidelines of commercial credit risk and practices with minimal management oversight.
Adherence to FTB’s internal portfolio and underwriting processes, including timely and accurate data entry to Vikar (underwriting platform) and/or other centralized systems, as well as maintaining high quality file documentation in a paperless environment.
Strong expertise in contractor analysis.
Possesses conceptual and practical knowledge of credit policies with the ability to apply them to a variety of situations.
Exhibits a thorough understanding of organizational structures, documentation (property/UCC searches, loan documents, appraisals, environmental reports, etc.), covenants and/or collateral structures.
Bachelor’s degree required.
Seven (7) to ten (10) years’ experience in underwriting and portfolio management (C&I).
Must be well versed in writing, defining, and testing covenants and analyzing CPA prepared financial statements/tax returns, borrowing base certificates, field exams, accounts receivable/payable aging reports, works-in-progress reports, rent rolls, leases, appraisals (commercial and residential), etc.
Exhibits a deep knowledge of loan structuring, risk assessment, credit policies and procedures, with previous experience assisting with, or preparing, term sheets for discussion.
Detail oriented with strong interpersonal and oral/written communication skills.
Comfortable presenting and defending their analysis.
The ability to multitask and independently manage their personal workflow with limited oversight.
Displays the ability to make sound decisions in a timely manner, escalating only when necessary.
Must be self-motivated.
Knowledge of software/systems required to successfully perform job function.
Proficiency in Excel, Salesforce and other operational systems.

Nice To Haves

Accounting, Finance, Economics, or related majors preferred.

Responsibilities

Facilitate the credit needs of customers by underwriting new requests and renewals/ modifications from preliminary discussions (preflight) through approval and the life of the loan.
Proactive partner with the relationship manager and credit officer.
Be closely involved throughout the deal process and beyond.
Responsible for timely preparation of credit memorandums for a portfolio consisting primarily Commercial & Industrial, and not-for-profit credits.
Credit memos will include, but are not limited to repayment analysis, financial condition, guarantor analysis, collateral analysis, risks/mitigants, borrower background, etc., and recommendation.
Responsible for protecting and preserving the integrity of an individual and team portfolio by ensuring, among other responsibilities, that loans are addressed prior to their maturity date and risk reviews are performed in a timely manner while accurately accessing/managing risk in the portfolio via the annual review process.
Ensure all Service Level Agreements, regulatory compliance requirements (CRA, HMDA, etc.), and Bank’s credit risk profiles and profitability are monitored and maintained.
Analyze relationships/new deal requests with limited involvement from the Relationship Manager.
Willingly and immediately escalates any concerning information to the credit manager and/or credit officer.
Effectively tracks and monitors financial reporting and covenant compliance requirements.
Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval.
Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as maintaining high quality file documentation in a paperless environment.
Acts as a resource for colleagues with less experience and may be a part of projects.
Assists in the development of new business for Firstrust.
Is alert to expressed customer/prospect needs to suggest appropriate services.
Directs customers to appropriate person to establish business relationships.
Other duties as assigned.