Portfolio Manager
2 weeks ago
This position is responsible for the daily administration of the loan portfolio, ensuring compliance with SBA, USDA, and Bank policies and procedures. The ideal candidate will have 10+ years of experience in USDA servicing and liquidation, as well as special assets management. The role requires providing mentoring and leadership for team members, managing the collections process, and performing annual reviews on all loans in the portfolio.
Key Responsibilities
Maintenance and servicing of the portfolio
Ensuring compliance with SBA, USDA, and Bank policies and procedures
10+ years' experience of USDA Servicing and liquidation
10+ years of special assets management
Provide mentoring and leadership for team members
Managing the collections process
Manage the renewal process of maturing loans in the portfolio
Perform annual reviews on all loans in the portfolio
Collect all financial documents and other documentation to ensure compliance with loan covenant and risk ratings.
Compile and distribute weekly, monthly, quarterly, and annual loan management reports as prescribed
Requirements
Proficient knowledge of the SBA SOP 50-57, SBA 50 10 & USDA Regulations
Manage the SBA & USDA Guaranty Liquidation process
Manage the loan work-out process, including collateral liquidation
Assists manager with the training and mentoring of team members
Ability to assess each borrower's credit and ability to repay their loans through the annual review process and recommend a risk rating based on credit
Assists borrowers on servicing actions on their loans using applicable bank, SBA, and USDA policies and procedures
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