VP & Senior Portfolio Manager

2 weeks ago

Elmwood Park, United States Spencer Savings Bank Full time
Job DescriptionJob Description

BASIC FUNCTIONManagerial responsibility and oversight of the CRE and C&I loans, as well as loans that are risk rated special mention or worse, delinquent more than 15 days past due and /or loans requiring special attention as directed by the Director of Portfolio Management. The Sr. Portfolio Manager will be responsible for monitoring both the Real Estate and C&I Portfolios including, but not limited to, annual reviews and analysis of financial information, identification of negative trends, report preparation and market conditions. This role will coordinate with third party vendors and various regulatory bodies.

MAJOR RESPONSIBILITIES

  1. The Sr. Portfolio Manager is responsible for monitoring and assessing the credit risk of the banks commercial loan portfolio.
  2. The role entails leading credit monitoring, control, and administration of a portfolio of borrowers with a view to identifying potential credit issues early.
  3. Effectively mentor a team of Portfolio Managers.
  4. Provide ongoing credit oversight and portfolio management of the CRE and C&I loan portfolio through annual reviews, monitoring of covenant compliance and the creation and maintenance of “Watch List” credits.
  5. Interact with Loan Officers, Borrowers or CPAs to obtain necessary financial information required to complete annual reviews.
  6. Completes annual reviews, loan renewals, maturities, and asset quality reports on a timely basis
  7. Proactively manages the portfolio to both maximize profitability and ensure strong asset quality through consistent and timely identification and resolution of issues as well as accurate assessment and assignment of loan risk ratings.
  8. Consult with customers regarding their financial performance trends and pro-actively anticipate and manage deteriorating credits.
  9. Manage and track borrowing bases, A/R Aging, Field Exams, etc.
  10. Manage the Stress Test Data Collection Process with the Portfolio Managers.
  11. Manage portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
  12. Recommend specific action plans upon identifying increased borrower credit risk to mitigate non­performing / non-accrual loan status.
  13. Monitor and resolve past dues working with the Relationship Manager.
  14. Assist with site visits / property inspections as needed.
  15. Assist SVP Director of Portfolio Management with monthly reporting and special projects as required.

JOB REQUIREMENTS

Education:

College Degree

Experience:

  • Minimum of 10-15+ years related work experience (Lending, collections, bankruptcy, note sales and foreclosure).
  • Formal credit training required.
  • Strong analytical and quantitative skills.
  • Excellent written/verbal communication skills required.
  • Ability to work independently and meet specified deadlines.
  • Working knowledge of MS Word, MS Excel, CRM Platforms, etc.
  • Strong credit skills, analytical skills, and financial acumen.
  • Uses time effectively and efficiently; and keep projects/tasks moving forward within a reasonable and quick timeframe.

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