Portfolio Manager - Community Banking Team

Old Second National Bank • Chicago Heights, IL

9d • Hybrid

About The Position

The Portfolio Manager is responsible for supporting the Banking Team in Community Banking through middle-market segments, i.e., companies with annual revenues up to $50million. The Portfolio Manager manages client portfolios with activities that include: tracking, collecting & monitoring financial data, covenant testing, Term Loan Review preparation and corresponding with clients and outside counsel as appropriate. Regularly interacts with internal Commercial Relationship Managers & Credit teams and internal/external business partners. Persons interested in this position should want to move toward the Line/Business Development.

Requirements

• Bachelor’s degree in Accounting, Business, Finance or related field and some formal commercial credit training or experience; or a position held in a related field.
• Two or more years of formal commercial credit experience or a position held in a related field (for Officer level).
• Three or more years of formal commercial credit experience or a position held in a related field (for AVP level).
• Working knowledge of balance sheets and income statements
• Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook)
• General Banking (Credit/Debit) knowledge
• Working knowledge of credit u/w documents
• Familiarity of Commercial underwriting guidelines
• Consultative skills and client relationship management

Responsibilities

• Engages in portfolio and risk management of banking team clients ensuring compliance with bank credit policies and procedures.
• As requested by the Relationship Manager, engages in co-management of client relationships with a focus on client financial analysis.
• Tracks and monitors completion of required covenant testing and annual Term Loan Review preparation via Bank’s credit underwriting group.
• Supports the Loan renewal process by collecting and reviewing client financial information to support approvals.
• Assists in the preparation of CAMs with credit oversight.
• Assesses and clears past due collateral exceptions.
• Tracks and records property insurance
• Partners with Commercial Relationship Manager liaising with bank clients, the Commercial Credit team, Commercial support/operations and internal/external business partners.
• In partnership with Commercial Relationship Manager, identifies and engages with clients in support of Bank’s portfolio management efforts.
• May participate in loan approval process by contributing to the creation of Loan Committee presentations.
• May visit clients with Commercial Relationship Manager as appropriate.
• Work closely with Banking Team CLA’s to clear exception items, board new business and move client relationships forward.

Benefits

• Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 10% of base salary based various performance components (for Officer level).
• Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% of base salary based various performance components (for AVP level).

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level