C&I Lending Portfolio Manager

The Washington Trust Company; Hartford (CT); Hybrid; USD 80,000 - 100,000; Full time

Job summary

A financial services organization is seeking a Portfolio Manager to manage a C&I credit portfolio. The role involves financial analysis, client interaction, and compliance oversight. Ideal candidates should have a Bachelor's degree in Finance or Accounting and over 5 years of experience in commercial underwriting. This position supports a hybrid work environment.

Benefits

Health and welfare benefits

Paid time-off

401(k) plan

Qualifications

• 5+ years of experience in commercial underwriting.
• Advanced written, mathematical, and analytical skills.
• Ability to self-manage multiple tasks and meet deadlines.

Responsibilities

• Analyze financial statements for C&I clients.
• Make recommendations on credit amounts and structure.
• Monitor portfolio performance and ensure compliance.

Skills

Financial analysis

Credit underwriting

Analytical skills

Interpersonal skills

Education

Bachelor's degree in Finance or Accounting

Tools

Microsoft Word

Microsoft Excel

Job description

Overview:

We are seeking a successful portfolio manager and an aspiring Relationship Manager for our C&I/Not for Profit Commercial Banking team. This position will be a key contributor to the implementation of the overall growth plan of the division.

The Portfolio Manager will be responsible to personally manage an assigned credit portfolio of C&I clients, which includes traditional C&I, owner-occupied CRE and some Not-For-Profit credits. The individual will have additional management responsibilities of our Securities Based Lending portfolio.

We support a hybrid work environment with on-site availability in our Providence or Westerly offices.

Primary Responsibilities:

• Provide in-depth, independent analysis of financial statements, management competencies, industry impact, competitive dynamics, collateral, and guarantor support for new/renewal opportunities and other credit reporting deliverables.
• Make recommendations to the senior staff and other credit approvers regarding credit amount, structure, and adherence to credit policies, guidelines and applicable regulatory compliance.
• Manage assigned portfolio by facilitating borrower financial reporting, proactively monitoring performance and trends, ensuring risk rating integrity, ensuring timely compliance with all reporting, covenants, identifying issues, and following through for remediation, and adhering to compliance and regulatory reviews.
• Participate in the credit portion of client calls for in-depth financial questions, deal information, collection of financial statements, and other portfolio management requirements.
• Maintain timely renewals of loan maturities for the assigned portfolio and ensure timely completion of annual file updates.
• Participate in special projects to aid with the continuous improvement of portfolio management and support Management on a project/as need basis.
• Reports to SVP Commercial Lending (C&I/PCA)

Requirements/Qualifications:

• Bachelor's degree in Finance or Accounting with formal credit training desired.
• 5+ years of experience in commercial underwriting, including but not limited to Commercial & Industrial, owner-occupied real estate and not-for-profit. Construction loan underwriting and administration (construction budgets, sources/uses, construction draw administration, property entitlement, lease analysis and property valuation principles) is also desired.
• Advanced written, mathematical, and analytical skills that demonstrates an ability to analyze balance sheet structure, stress test income and identify cash flow trends.
• Knowledge of financial statement spreading, including proficiency in preparing pro-forma statements.
• Excellent written, oral, organizational, and interpersonal skills used towards structuring, closing, maintenance, and problem resolution. A strong knowledge of loan documentation requirements.
• Ability to self-manage multiple tasks at one time to meet deadlines, whether working independently or a team environment.
• PC proficiency with Word and Excel, including the use of system and user generated formulas, macros, charts, and tables.

Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth.

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to providing equal employment opportunities to all employees and applicants as protected by state and/or federal law.