Portfolio Manager II

Location: Tampa, Naples, Miami or Orlando Florida

SUMMARY

Provides analytical and monitoring support for large commercial real estate loans including an independent analysis of the creditworthiness of customers and prospects.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The Portfolio Manager – Market/ Investor CRE will be responsible for preparing comprehensive credit analyses on non-owner occupied commercial real estate loans that facilitates the credit approval process. The Portfolio Manager should have a thorough understanding of various types of lending facilities as well as commercial real estate product types (i.e. retail, office, multi-family, lodging, industrial, ALF/ senior living, etc.). In addition, the Portfolio Manager will be responsible for monitoring the real estate portfolio including, but not limited to, periodic review and analysis of financial information, identification of negative trends, and preparation of covenant checks in support of the commercial lending function.

Market/ Investor CRE Underwriting Manager to provide production goals based upon needed level of supervision and complexity of deal flow.

ROLES AND RESPONSIBILITIES - COMMERCIAL LOAN ORIGINATION PROCESSES

1. Provide an analysis of real estate projects and spread financial statements as provided by Commercial Relationship Manager
2. Prepare Loss Given Default and Probability of Default models for new and renewal opportunities
3. Provide supporting documentation and participate in Deal Team meetings between Relationship Manager, Market Approvers and Credit Approvers
4. Maintain responsibility for completion of the Credit Approval Package via the Commercial Credit Memo in nCino and accompanying Credit Memo Narrative (as applicable) once engaged by Relationship Manager, and after receipt of Opportunity Memo explaining the request. Key items:
   1. Ensure deal structure and analysis is reflective of customer accepted term sheet and Deal Team meeting conclusions
   2. Work directly with the Relationship Manager to ensure accurate reflection of financial.
   3. Work directly with the Relationship Manager to ensure accurate preparation of Loss Given Default and Probability of Default models at time of new/renewal requests
   4. Review and analyze appraisals and/or market data relative to the request. Follow the Appraisal Reconciliation procedures for loans approved subject to receipt and review of the appraisal.
   5. Ensure coding is accurate
   6. Ensure recognition of Policy Exceptions including mitigants
   7. Include an approval recommendation with supporting commentary
   8. Ensure Credit Packages are submitted for approval in accordance with the appropriate lending matrix authority
   9. After approval, finalize Loss Given Default and Probability of Default models
   10. Upload final approved Credit Package and other supporting documentation used in underwriting into nCino
5. Attend client meetings with the Relationship Manager (when possible)

Market/ Investor CRE Portfolio Managers are to adhere to Service Level Agreements as outlined in Workflow Procedures.

ROLES AND RESPONSIBILITIES – PORTFOLIO MANAGEMENT

• Review monthly, quarterly and annual rent rolls, operating statements, etc. for progress, trends, issues, etc.
• Identify portfolio weaknesses and trends and alert Relationship Manager and Market/ Investor CRE Underwriting Manager to deteriorating portfolio conditions
• Prepare covenant checks as required by Loan Agreement and follow procedures for the handling of loans deemed to be “out of compliance.” Update nCino as covenant checks are completed and advance the days accordingly.
• Monitor progress on construction loans via inspection reports, progress relative to borrower projections, delays, etc.
• Prepare annual reviews
• Update Loss Given Default and Probability of Default models according to required due dates, upon completion of construction or as a result of changing conditions that impact the risk profile
• Proactively manage upcoming loan maturities and renewals working with the Relationship Manager
• Monitor past dues and overdrafts working with the Relationship Manager to resolve
• Ensure loans are coded correctly on the loan system once approved and booked. Ensure construction loans are correctly re-coded once a project is complete
• Once a loan is booked, ensure that the covenant definitions in nCino match the requirements in the Loan Agreement.
• Review Loan Reviews and respond as appropriate to any noted deficiencies
• Ensure nCino is updated with the appropriate documentation evidencing the monitoring of the portfolio according to the applicable procedures.
• Attend client meetings with the Relationship Manager (when possible)
• Attend portfolio review meetings with product partners

ROLES AND RESPONSIBILITIES – OTHER

• All other duties as assigned

SUPERVISORY RESPONSIBILITIES

None

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION AND/OR EXPERIENCE

Bachelor's degree (B. A.) from four-year college or university; 2-10 years related experience and/or training preferred (job grade (I-IV) will be determined based on years/ level of experience); Prior experience underwriting Commercial Real Estate loans is required.

LANGUAGE SKILLS

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.

MATHEMATICAL SKILLS

Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

COMPUTER AND OFFICE EQUIPMENT SKILLS

Microsoft Office Suite (including MS Excel and MS Word), facsimile machine, Copier, Scanner, Hewlett Packard 12 C Calculator (or equivalent), Financial Spreading Software.

CERTIFICATES, LICENSES, REGISTRATIONS

None

About Us

First Horizon is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. With $81.7 billion in assets as of December 31, 2023, we serve clients through a team of approximately ~7,300 associates and ~418 banking centers throughout the southeastern United States. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. First Horizon has been recognized as one of the nation’s best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank.

Benefit Highlights
• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More -- FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

Corporate Diversity Commitment:

We remain committed to creating a more equitable society, and that starts with our associates, our clients, and the communities we serve. We do this by elevating equity, providing capital and counsel, and committing to excellence in everything we do.

Follow Us
Facebook
X formerly Twitter
LinkedIn
Instagram
YouTube

Equal Opportunity Employer/Protected Veterans/Individuals with DisabilitiesThe contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)PDN-9da829a6-f67e-45b2-8874-6ece592463ab

---