Sr. Portfolio Manager

Beacon Bank•City of Albany, NY

1d•$66,699 - $122,975•Onsite

About The Position

Provides support to Commercial Bankers (CB) in underwriting, monitoring, and servicing an existing portfolio of complex loans and borrowing relationships. This role continuously evaluates operational and financial performance to maintain portfolio quality and risk rating accuracy. The Portfolio Manager interacts with customers and bank employees to address credit and deposit service-related matters and assists Commercial Bankers in all aspects of servicing customers both internally and externally.

Requirements

BS Degree in Business, Accounting or Finance
Equivalent financial experience
Minimum of 5+ years of Commercial Credit/Banking and/or related experience
Credit Trained or equivalent level of experience to perform underwriting responsibilities within nCino Loan Operating System
Excellent written and verbal communications skills
Ability to present identified issues and recommended solutions to CB/Senior Management as appropriate
Ability to multi-task and meet timeframes as directed by the CB/Senior Management
Strong computer skills
Ability to work as a member of team in a fast-paced environment

Nice To Haves

MBA a plus
Customers may require specialized knowledge/industry expertise (C&I/CRE/ABL/Healthcare), including a general understanding of borrowing base/formula-followed line of credits

Responsibilities

Assists multiple Commercial Banker(s) (CB) with the management of a defined portfolio of existing Commercial & Industrial (C&I) customers, and/or Commercial Real Estate (CRE) customers, and/or Business Banking customers with more complex financing needs.
Manages customer borrowing needs of $500M or more and typically $2.5MM-$25MM+ relationships.
May be asked to manage accounts.
Completes underwriting for New Money Requests, Modifications and Annual Reviews for relationships, in addition to, periodic file memos/covenant tests, waivers per policy under the direction of the RM as a deal team.
Takes minutes for deals underwritten that require approval at Management Loan Committee (MLC).
Assists CB in the proactive management of the portfolio to ensure early detection of material changes in customer performance and risk rating changes.
Prepares Opportunity Memo’s under the direction of the CB for new business requests that would be presented to senior lender and senior credit officer.
Works with the team to manage all reporting requirements including ongoing tracking via Baker Hill/NCino to ensure timely receipt of all financial, collateral, borrowing base, insurance, letter of credit and documentation exception/post-closing information including scanning information into Image Centre.
Requests Appraisals/Environmental Reports under the direction of the CB.
Enters Line of Credit advance/pay down requests in Salesforce.
Ensures completion of CIP Form(s) including any other required Know Your Customer compliance due diligence.
Ensures satisfactory documentation or maintenance of all insurance requirements within loan documents.
Assists RM with the approval of all overdrafts as appropriate.
Ensures Credit File completeness in Image Centre including saving customer financials.
Performs monthly reviews of borrowing bases and supporting financial documentation including a loan conformity chart to ensure detection of any material changes in customer performance, if applicable for the position.
Compiles and reviews documentation with CBs and updates Salesforce to ensure borrowing availabilities updated on core system.
Involved in monitoring formula followed lines of credit and respective responsibilities for these types of loans.
Provides tracking and acts as liaison for the commercial team on Loan Review exceptions for financials and DLS related items.
Interfaces with other Banks for participation loans as lead or participant to provide or gather required financial reporting or other relevant information relative to the loan/relationship.
Assesses financial performance and risk including identifying ways to mitigate risk to the bank.
Maintains a solid working relationship with the commercial lending group to ensure ongoing credit quality of portfolio and interfaces with Senior Credit Officer and Senior Lender for Annual Reviews, Modifications and New Money Requests under the direction of the RM.
Ensures adherence to Loan policy and proven ability to adhere to sound risk management/pricing practices as well as to all internal and external credit/regulatory requirements.
Provides excellent customer service.
Assists CB with customer problem resolution and interfaces with the appropriate internal banking departments.
Assists CB in call preparation.
Accompanies CB on calls as appropriate.
Assists CB in loan structuring and term sheet preparation.
Assists CB in the review of loan documentation.
Assists CB with Loan Closings and post-closing follow up.
Interacts with internal partners under the direction of the CB.
Provides mentorship to junior level Portfolio Managers and credit analysts.
Works with CB and internal partners to develop basic understanding of how to identify cross sell opportunities.
Networks at community events with the lending team and meets Centers of Influence to develop a presence in the Community.
Assists with special projects as necessary and instructed by CB and/or Team Leader.
Conducts risk compliance testing as appropriate.
Ensures compliance with all banking laws, rules, regulations, and prescribed policies/practices/procedures necessary to reduce risk and uphold ethical standards related to and required by one’s duties.