Portfolio Manager (Full Time) - Mopac

PROSPERITY BANK•Austin, TX

11d

About The Position

Responsible for credit underwriting, monitoring, and portfolio management of Commercial Banking relationships to maintain strong credit quality, support efficient internal processes, and retain and expand client relationships. The role analyzes financial data to assess loan requests, monitors existing client relationships, and assists with managing and organizing the loan portfolio. The Portfolio Manager works with Relationship Managers, clients, the Credit Department, outside counsel, internal document preparation groups, Commercial support staff, and other internal partners. The position handles loan renewals, approvals and closings for credit modifications, loan packages and presentations, portfolio administration, risk management, annual loan reviews, and client service. It also supports business development and participates in community and business functions to promote the bank. This is a full-time position with a Monday–Friday schedule of 8:00 a.m.–5:00 p.m., totaling 40 hours per week. Overtime may be required as needed to meet deadlines. The position is sedentary and based in a typical office environment without hazardous or significantly unpleasant conditions.

Requirements

Bachelor’s degree; a business concentration is preferred.
Two to three years of banking experience, primarily in credit analysis or underwriting.
Proficiency with Microsoft Word, Excel, and PowerPoint, as well as some form of financial-spreading software.
Strong written and analytical skills.
Strong understanding of credit policy and procedures and ability to accurately evaluate cash-flow and collateral-based credits.
Ability to make appropriate judgments and decisions with limited guidance.
Ability to handle complex problems involving multiple facets and variables in non-standardized situations.
Strong planning and organizational skills, including ability to work independently on complex projects with minimal supervision.
Strong public-speaking and presentation skills.
Excellent written and verbal communication skills.
Ability to maintain confidentiality and instill trust within the organization.
Ability to multitask.
Ability to reason logically or scientifically, define problems, gather data, establish facts, draw conclusions, interpret technical instructions, and handle multiple variables.
Ability to compute discount, interest, profit and loss, commission, markup and selling price, ratios, proportions, and percentages, and perform simple algebra.
Ability to read periodicals, journals, manuals, dictionaries, thesauruses, and encyclopedias.
Ability to communicate detailed or important instructions and ideas accurately, loudly, or quickly; hear ordinary conversations; and perform frequent repetitive wrist, hand, or finger movements.
Average visual acuity sufficient to prepare or inspect documents or products, or operate machinery.
Ability to perform sedentary work, sitting most of the time, and occasionally exert up to 10 pounds of force.

Nice To Haves

Business concentration in a bachelor’s degree.

Responsibilities

Assist with due diligence and analysis of new client relationships and opportunity memoranda as appropriate.
Manage loan renewals in coordination with the Relationship Manager, client, and Credit Department.
Assist in preparing loan packages, make presentations, and participate in the bank’s loan approval process.
Manage approval and closing processes for modifications, amendments, and waivers to existing credit agreements.
Assist the Relationship Manager with coordinating loan closings for new and existing relationships, including working with outside counsel and internal document-preparation groups, reviewing loan documents, and closing loans with clients.
Assist and join the Relationship Manager in business development calling efforts.
Perform portfolio-administration duties, including exception tracking, financial reporting, and covenant compliance.
Manage and oversee small loan and deposit portfolios.
Ensure portfolio administration and risk management follow established credit policies, procedures, business strategy, and regulatory guidelines.
Perform annual loan reviews as needed.
Partner with the Relationship Manager as a point of contact for existing and prospective clients and act as a liaison to the Credit Department, Commercial support staff, and other internal business partners.
Monitor loan repayment activities and borrowers’ financial condition, and take necessary action to collect past-due accounts.
Work overtime as needed to meet assigned deadlines.
Participate in community and business functions or groups to promote a positive image of the bank in the regional marketplace.
Perform other duties and special projects as needed.