SAG-Senior Portfolio Manager-Virtual
About The Position
The Special Assets Senior Portfolio Manager is a key member of the coverage team and manages a portfolio of larger, highly complex stressed banking relationships. The role involves reviewing financial statements, proactively monitoring clients and portfolio risks, and working with Credit Analysts, Special Assets Relationship Managers, Credit Officers, relationship teams, and other internal partners. The manager contributes to deal teams, develops and recommends complex workout strategies, and makes recommendations on credit structures and pricing consistent with the bank’s credit and risk policies. The position is accountable for completing approval memoranda with sound recommendations and credit analysis, understanding client businesses and industry-specific credit complexities, and interacting with clients, consultants, legal counsel, and other parties. It requires knowledge of bankruptcy processes and the ability to assess existing workout strategies and help formulate future approaches. The role also supports risk management by identifying, assessing, managing, monitoring, and reporting risks while following bank policies and procedures. The position is based in Grand Rapids, Michigan. The working environment is a normal office environment with little exposure to dust, noise, temperature variations, and similar conditions. Extended viewing of a CRT screen is required, and travel is minimal.
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 substantial complexity and demonstrated problem-solving skills.
- Clear and articulate oral and written communication skills.
- Strong computer skills.
- Strong organizational skills.
- Strong emotional intelligence under pressure.
- Teamwork skills.
- Results orientation and demonstrated ability to accomplish objectives within a specified timeframe.
- Proficiency in basic software applications such as Microsoft Word and Excel.
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.
- Maintain client contact, including with difficult credit relationships and in potentially confrontational situations.
- Analyze industries and peer groups to identify key drivers and incorporate findings into client-specific or industry-wide credit reports.
- Interact effectively with outside legal counsel and consultants.
- Manage credit transactions from approval and coordination with involved groups through processing transaction details and changes in internal bank systems.
- Prepare, review, and negotiate transaction documentation, including loan documents, forbearance agreements, guarantees, and security documents.
- Participate in structuring workout strategies and negotiating with potential and existing clients.
- Evaluate, book, and manage loan collateral.
- Monitor clients’ business activities and financial performance, including financial covenant compliance.
- Implement risk management and compliance procedures in accordance with bank requirements and corporate policies.
- Contribute to development of the bank’s credit evaluation methodology.
- Maintain appropriate client records and archives of industry-wide and client-specific credit work.
- Manage large credit exposures, complex loans, and difficult foreign exchange, interest rate, and commodity derivatives.
- Follow credit policy when structuring and underwriting commercial loans or making recommendations to the appropriate level of credit administration.
- Service the portfolio and coordinate with outside contractors.
- Monitor customer creditworthiness, adherence to loan terms, and general business conditions to manage commercial portfolio risk.
- Mentor Credit Analysts and more junior Portfolio Managers.
- Interact with clients, consultants, bank group members, and internal partners to understand goals, performance, and needs.
- Assess existing workout strategies and contribute to future strategy development, including consideration of bankruptcy processes.
Benefits
- Comprehensive benefits programs supporting employees’ and families’ physical, financial, emotional, and social well-being.
- Incentive compensation plan eligibility, with payments based on company, line of business, and/or individual performance.
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Senior
