SAG-Senior Portfolio Manager
About The Position
The Special Assets Senior Portfolio Manager is a key member of the coverage team, managing a portfolio of larger, highly complex and stressed banking relationships. The role involves reviewing updated financial statements, proactively monitoring accounts, and collaborating with Credit Analysts, Special Assets Group Relationship Managers, Credit Officers, and relationship teams. The Senior Portfolio Manager supports portfolios in Vertical or Upper Middle Market groups and contributes to deal teams handling complex workout strategies and large corporate and specialty business portfolios. The position makes recommendations on credit structures and pricing, ensures workout strategies align with Bancorp credit and risk policy, and develops detailed knowledge of clients, their credit arrangements, and industry-specific complexities. The role includes client interaction, preparation of approval memoranda and credit analysis, assessment of existing and future workout strategies, and communication with internal and external clients, consultants, and legal counsel. The portfolio manager is accountable for risk identification, assessment, management, monitoring, and reporting while following Bank policies and procedures and supporting positive customer experiences.
Requirements
- Bachelor's degree or equivalent experience.
- Eight or more years of credit experience in commercial banking or the finance industry, or an advanced degree with five or more years of business-related experience.
- Highly professional credit and risk analysis skills.
- Ability to communicate effectively with clients, consultants, bank group members, and internal bank partners.
- Expertise in financial and risk analysis and effective problem-solving.
- Experience managing an advanced commercial client portfolio with significant complexity.
- Demonstrated problem-solving skills.
- Clear and articulate oral and written communication skills.
- Strong computer and organizational skills.
- Strong emotional intelligence under pressure.
- Ability to work as part of a team and achieve objectives within specified timeframes.
- Proficiency with basic software applications such as Microsoft Word and Excel.
- Ability to interact with outside legal counsel and consultants.
- Ability to manage difficult credit relationships, including confrontational situations, and display emotional intelligence under the pressure of workout situations.
Nice To Haves
- Degree in Accounting, Finance, or Economics.
- Familiarity with bankruptcy law.
- Familiarity with the Bank's internal applications.
Responsibilities
- Manage a portfolio of highly complex accounts in support of the Special Assets Director, Team Lead, and/or Workout Officers.
- Review financial statements, proactively monitor client relationships, and assess client and portfolio-level risks.
- Prepare approval memoranda and credit analyses with well-supported recommendations.
- Interact with clients, consultants, legal counsel, Credit Officers, relationship teams, and other internal and external partners.
- Analyze industries and peer groups, identify key industry drivers, and incorporate findings into client-specific or industry-wide credit reports.
- Manage credit transactions from approval and coordination with involved groups through processing transaction details and changes in internal systems.
- Prepare, review, and negotiate transaction documentation, including loan documents, forbearance agreements, guarantees, and security documents.
- Participate in structuring workout strategies and negotiating with prospective and existing clients.
- Evaluate, book, and manage loan collateral.
- Monitor client business activities, financial performance, financial covenants, creditworthiness, compliance with loan terms, and general business conditions.
- Implement risk management and compliance procedures in accordance with Bank requirements and corporate policies.
- Contribute to development of the Bank's credit evaluation methodology and maintain client records and archives of industry-wide and client-specific credit work.
- Follow credit policy when structuring and underwriting commercial loans or making recommendations to the appropriate level of credit administration.
- Service the portfolio and outside contractors.
- Mentor Credit Analysts and more junior Portfolio Managers.
- Raise concerns, exchange ideas and opinions, and manage and report risks in accordance with the Bank's risk appetite and policies.
Benefits
- Comprehensive benefits programs supporting physical, financial, emotional, and social well-being.
- Incentive compensation plan eligibility, with payments based on company, line of business, and/or individual performance.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
