Portfolio Manager ~ Providence, RI

Bank Rhode Island

296d

About The Position

Bank Rhode Island is a full-service financial institution with 20 branches headquartered in Providence, Rhode Island. As a full-service commercial bank, we're proud to offer a full range of banking products and services that can meet a customer's business or personal banking needs. What is Bank Rhode Island's most valuable asset? Our employees! That's why we offer competitive pay and excellent benefits which includes a matching 401k. We pride ourselves on hiring candidates that embrace our Core Four Values: Adaptability, Accountability, Leadership, and Teamwork. Bank RI provides a great working environment that offers opportunities for advancement. We are currently seeking a Portfolio Manager to join the team in our Turks Head office in Providence, RI. The Portfolio Manager will manage existing portfolios of commercial customers, analyze and underwrite credit risk for Bank prospects and customers, assist with due diligence activities, assist with the loan closing process, monitor and evaluate risk within the team portfolio.

Requirements

• Bachelor's degree in relevant field.
• Formal credit training is preferred.
• Minimum 2+ years experience in Commercial Credit department.
• Excellent written and oral communication skills.
• Extensive knowledge of PC applications, including Excel, Word and Access.

Nice To Haves

• Experience in managing commercial customer portfolios.
• Familiarity with compliance requirements.
• Ability to prepare loan memorandums consistently with minimal supervision.

Responsibilities

• Analyze and underwrite credit requests in a timely fashion using various resources.
• Experience underwriting Commercial and Investment real estate deals.
• Determine if request is in compliance with Bank policy and note exceptions.
• Discuss deal structure, cash flow, collateral, and customer character with Relationship Managers (RM).
• Recommend alternative credit structures or products where appropriate.
• Accompany RM on customer calls and interact extensively with customers in person and over the phone.
• Interact with attorneys and financial professionals including CPA's, CFO's, etc. as needed to assist in the underwriting and closing process.
• Present analysis in written proposals for appropriate approvals and present as directed to the appropriate approval authority.
• Conduct market surveys through contact with brokers, online research, etc.
• Manage existing portfolio of customers by tracking and preparing annual renewals for lines of credit, reviews of term debt, and reviews of overdraft lines of credit.
• Maintain tracking database with updated information as needed.
• Identify potential problem loans and deficiencies.
• Assist customers when needed with questions regarding loans and retail products.

Benefits

• Competitive pay.
• Excellent benefits including a matching 401k.

What This Job Offers

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