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Commercial Banking Portfolio Manager

4 months ago


Aurora, United States Old Second National Bank Full time
Job DescriptionJob Description

Who We Are

At Old Second, you're first For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.

With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together

Position Overview

The Commercial Portfolio Manager is responsible for supporting a middle-market banking team with client portfolio management including: tracking, collecting & monitoring financial data, covenant testing, Term Loan Review preparation and corresponding with clients and outside counsel as appropriate. Regularly interacts with internal Commercial Relationship Managers & Credit teams and internal/external business partners. Persons interested in this position should want to move toward the Line/Business Development.

Primary Job Functions

  • Engages in portfolio and risk management of banking team clients ensuring compliance with bank credit policies and procedures.
  • As requested by the Relationship Manager, engages in co-management of client relationships with a focus on client financial analysis.
  • Tracks and monitors completion of required covenant testing and annual Term Loan Review preparation via Bank's credit underwriting group.
  • Supports the Loan renewal process by collecting and reviewing client financial information to support approvals.
  • Assists in the preparation of CAMs with credit oversight.
  • Assesses and clears past due collateral exceptions.
  • Tracks and records property insurance
  • Partners with Commercial Relationship Manager liaising with bank clients, the Commercial Credit team, Commercial support/operations and internal/external business partners.

Secondary Responsibilities:

  • In partnership with Commercial Relationship Manager, identifies and engages with clients in support of Bank's portfolio management efforts.
  • May participate in loan approval process by contributing to the creation of Loan Committee presentations.
  • May visit clients with Commercial Relationship Manager as appropriate.
  • Work closely with Banking Team CLA's to clear exception items, board new business and move client relationships forward.

Minimum Requirements:

  • Bachelor's degree in Accounting, Business, Finance or related field and some formal commercial credit training or experience; or a position held in a related field.

Competencies:

  • Working knowledge of balance sheets and income statements
  • Proficient in Microsoft Office (Word, Excel, PowerPoint, Outlook)
  • General Banking (Credit/Debit) knowledge
  • Working knowledge of credit u/w documents
  • Familiarity of Commercial underwriting guidelines
  • Consultative skills and client relationship management

Thanks for considering Old Second