Special Assets Group Portfolio Management Manager
About The Position
Portfolio Managers (PMs) are responsible for underwriting activities and preparing reports for distressed commercial credit relationships while supporting the Bank's risk management, workout, and loss mitigation objectives. PMs serve as the primary operational and analytical lead partnering closely with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership to develop and execute strategies that maximize recovery, minimize losses, and support risk management. As a senior member of the PM team, PM Managers are often tasked with the most challenging and complicated relationships, while also acting as a manager of a team of PMs with responsibility for staffing, performance management, prioritizing, guidance, and training.
Requirements
- Bachelor's or advanced degree, or equivalent work experience
- Typically more than 12 years of applicable experience
- Working from a U.S. Bank location three (3) or more days per week.
Nice To Haves
- Experience in commercial banking, loan workouts, or special assets activities
- Advanced understanding of commercial credit structures, loan documentation, collateral, and assignment processes
- Strong leadership and management skills
- Effective written and verbal communication skills
- Proficient computer skills, especially Microsoft Office applications
- Thorough knowledge of Risk/Compliance/Audit competencies
- Strong analytical, problem-solving and negotiation skills
Responsibilities
- Underwriting activities and preparing reports for distressed commercial credit relationships.
- Supporting the Bank's risk management, workout, and loss mitigation objectives.
- Serving as the primary operational and analytical lead partnering closely with Relationship Managers, Credit Officers, Legal, Loan Operations, and senior leadership.
- Developing and executing strategies that maximize recovery, minimize losses, and support risk management.
- Managing a team of PMs with responsibility for staffing, performance management, prioritizing, guidance, and training.
- Handling challenging and complicated relationships.
Benefits
- Healthcare (medical, dental, vision)
- Basic term and optional term life insurance
- Short-term and long-term disability
- Pregnancy disability and parental leave
- 401(k) and employer-funded retirement plan
- Paid vacation (from two to five weeks depending on salary grade and tenure)
- Up to 11 paid holiday opportunities
- Adoption assistance
- Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
- Incentive and recognition programs
- Equity stock purchase
- Pension (all benefits are subject to eligibility requirements)
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What This Job Offers
Job Type
Full-time
Career Level
Manager
