Special Assets Senior Portfolio Manager

Stifel•New York, NY

18h•$180,000 - $215,000

About The Position

The Special Assets Senior Portfolio Manager (SASPM) manages an assigned portfolio of criticized, classified, and other heightened-risk commercial credit relationships at Stifel Bank. The role develops and executes workout and resolution strategies to protect the Bank’s interests, minimize losses, and maximize recovery on commercial loans, which may include venture-backed and sponsor-supported companies. The SASPM evaluates borrowers’ financial condition, liquidity, collateral, and recovery alternatives, and works with borrowers, sponsors, investors, relationship teams, legal counsel, and credit leadership to achieve optimal outcomes. The position may be based in St. Louis, Boston, or San Francisco. The SASPM manages active problem loans; develops corrective action plans, workout strategies, amendments, restructuring terms, covenant packages, and recovery paths; leads negotiations; and prepares credit memoranda, periodic reviews, situation updates, and risk-rating recommendations. The role also oversees borrower analyses, coordinates analytical and underwriting work by Associates and Analysts, engages external specialists as needed, and participates in management, committee, audit, and regulatory reviews. The position requires at least 10 years of commercial lending, commercial workout, or collections experience and a bachelor’s degree in a business-related field or an equivalent combination of education and relevant work experience. The salary range is USD $180,000 to $215,000 per year. Stifel offers benefits and other compensation, including discretionary bonuses, insurance offerings, flexible spending accounts, tuition and certification assistance, paid time off, 401(k), wellness initiatives, and life insurance.

Requirements

Bachelor’s degree in economics, finance, accounting, or another business-related field, or an equivalent combination of education and relevant work experience.
10+ years of commercial lending, commercial workout, or collections experience.
Excellent written and verbal communication skills, sound credit judgment, and attention to detail.
Ability to lead difficult negotiations involving borrowers, sponsors, investors, counsel, and advisors, including negotiations concerning amendments, forbearance agreements, restructurings, bankruptcy strategy, collateral protection, or repayment and exit plans.
Strong working knowledge of U.S. bankruptcy, restructuring, insolvency, loan enforcement, collateral realization, and lender-liability considerations.
Ability to assess downside scenarios, identify early warning indicators, and translate risk findings into actionable credit decisions and portfolio-management steps.
Ability to reassess strategy as borrower performance, collateral values, and available alternatives change.
Ability to meet strict deadlines and periodic internal reporting requirements, communicate material developments to management promptly, and forecast trends and risk-rating migration in the assigned portfolio.
Ability to handle multiple complex relationships in various stages simultaneously.
Proficiency in Microsoft Outlook and Microsoft Suite, including Word and Excel.
Experience using loan accounting, portfolio monitoring, risk-rating, CRM, covenant tracking, and reporting systems.

Nice To Haves

Working knowledge of venture debt, growth-stage lending, sponsor-supported credit structures, enterprise-value lending, recurring-revenue business models, and complex capital structures.
Experience with venture-backed and sponsor-supported borrowers, and technology and life-sciences business models.
Completion of formal commercial credit training.

Responsibilities

Manage and maintain a portfolio of active problem loans.
Develop and implement corrective action plans, workout strategies, amendment structures, restructuring terms, covenant packages, and recovery paths to mitigate loss, preserve optionality, and maximize recovery for the Bank.
Lead negotiations with borrowers, sponsors, investors, and other stakeholders; coordinate with legal counsel on approved amendments, forbearances, restructurings, settlements, and recovery actions.
Prepare credit memoranda, periodic reviews, situation updates, and risk-rating recommendations for assigned borrowers.
Ensure accurate and timely ratings, including support for nonaccrual, charge-off, specific reserve, and forecast recommendations.
Prepare or oversee borrower financial, liquidity, cash-flow, collateral, and recovery analyses to support workout strategies and credit actions.
Coordinate analytical and underwriting assignments for the assigned portfolio with Associates and Analysts, and review their work for accuracy, completeness, and alignment with the recommended strategy.
Engage consultants, restructuring advisors, valuation experts, bankruptcy counsel, and other external parties as needed to protect the Bank’s position and support resolution strategy.
Prepare information and participate, as requested, in management, committee, audit, and regulatory reviews of assigned relationships.
Communicate material developments to management and meet strict deadlines and periodic internal reporting requirements.