Portfolio Management Associate

3 days ago

Jackson, United States Hope Credit Union Full time

Title: Portfolio Management Associate

Department: Commercial Lending

Reports To: Commercial Portfolio Manager

Supervises: N/A

Job Classification: , Full-time, Exempt

Location: Hybrid- Jackson, MS

About HOPE:

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health and wealth of people in under-resourced Deep South communities. Since 1994, these efforts have benefitted more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at www.hopecu.org.

Job Summary

The Portfolio Management Associate will be responsible for supporting the Commercial Portfolio Manager and VP of Commercial Portfolio Management in overseeing the commercial loan portfolio. The individual will perform Annual Loan Reviews by analyzing financial statements, ratios, cash flow, loan decisions, and Collateral Evaluations to ensure all HOPE Commercial Loans are properly documented, adequately underwritten, properly graded, and appropriately priced. The reviews and analyses performed by the Portfolio Management Associate will help HOPE manage commercial loan portfolio risk by ensuring compliance with Credit Union and regulatory requirements.

Primary and Essential Functions

  • Assist the Portfolio Management and Special Asset Departments with reporting, analysis, and general administrative functions
  • Perform regular commercial loan portfolio reviews that cover asset quality, documentation, compliance, and data entry
  • Help ensure the creditworthiness of the loan portfolio, looking for changes that merit a review of lending practices and/or adverse asset classification
  • Validate the accuracy of the credit grading / loan rating system
  • Identify and evaluate portfolio trends with respect to delinquency, bankruptcy, demographics, loan programs, and other factors
  • Monitor portfolio diversification in accordance with policy guidance and strategic plan
  • Stress test the loan portfolio or individual loans for risk monitoring
  • Verify quality, completeness and accuracy of supporting loan documentation and analysis
  • Perform regular back-end review of financials and related analysis (financial statements, tax returns, rent rolls, personal financial statements, cash flow statements, etc.)
  • Monitor borrower outreach by Loan Officers to help ensure borrower relationships are actively managed
Competencies/Skills
  • Passion for HOPE's mission
  • Highly organized and strong attention to detail
  • Strong analytical, technical, and statistical skills
  • Sound working knowledge of accounting principles and financial statements
  • Strong computer skills, especially with Microsoft Word and Excel
  • Capability to effectively present information and respond to questions from groups of lenders, managers, and/or regulatory officials
  • Thorough knowledge of lending laws and regulations
  • Uphold confidentiality and privacy of findings in all situations
  • Demonstrate ability to prioritize and handle multiple projects
  • Interact and communicate effectively with personnel at all levels of the organization
Required Qualifications
  • Bachelor's Degree in Finance or Accounting, or related field
  • Minimum of 3+ years of experience as a Commercial Credit Analyst, Portfolio Management Associate, and/or Commercial Loan Officer
  • Demonstrated strength in credit analysis and financial analysis
Physical Demands
  • Employee is regularly required to sit, stand and walk
  • Employee will use hands to finger, handle or feel, reach with hands and arms, and talk or hear
  • Employee must regularly lift and/or move up to 10 pounds and frequently lift and/or move up to 25 pounds
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work Environment
  • Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers
  • Noise level in the work environment is usually moderate
  • Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The 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)

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