C&I Portfolio Manager

Washington Trust; Rhode Island; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a dynamic Portfolio Manager to drive growth in their Commercial Banking Group. This pivotal role involves managing a diverse credit portfolio, conducting thorough financial analyses, and ensuring compliance with credit policies. The ideal candidate will possess strong analytical skills and a solid background in commercial underwriting. Join a company that values its employees and offers a supportive hybrid work environment, along with a comprehensive benefits package. Discover why this firm has consistently been recognized as one of the Best Places to Work in Rhode Island since 2011.

Benefits

Health and welfare benefits

Paid time-off

Work-life program

401(k) plan

Qualifications

• 5+ years in commercial underwriting, including C&I and real estate.
• Advanced analytical skills to assess financial statements and trends.

Responsibilities

• Manage assigned credit portfolio and ensure compliance with regulations.
• Conduct in-depth analysis and make credit recommendations to senior staff.

Skills

Financial Analysis

Credit Underwriting

Analytical Skills

Interpersonal Skills

Organizational Skills

Mathematical Skills

Problem Resolution

Time Management

Education

Bachelor’s degree in finance or accounting

Tools

Microsoft Word

Microsoft Excel

Job description

Washington Trust Weybosset Street, 10 Weybosset Street, Providence, Rhode Island, United States of America Req #1292

Monday, March 17, 2025

Overview:

We are seeking a successful portfolio manager for our C&I Commercial Banking Group. 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, Senior Housing and some Not-For-Profit credits.

We support a hybrid work environment with on-site availability in our Providence Office.

Primary Responsibilities:

1. 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.
2. Make recommendations to the senior staff and other credit approvers regarding credit amount, structure, and adherence to credit policies, guidelines and applicable regulatory compliance.
3. 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.
4. Participate in the credit portion of client calls for in-depth financial questions, deal information, collection of financial statements, and other portfolio management requirements.
5. Maintain timely renewals of loan maturities for the assigned portfolio and ensure timely completion of annual file updates.
6. Participate in special projects to aid with the continuous improvement of portfolio management and support Management on a project/as need basis.
7. Reports to SVP Commercial Lending (C&I).

Requirements/Qualifications:

1. Bachelor’s degree in finance or accounting with formal credit training desired.
2. 5+ years of experience in commercial underwriting, including but not limited to Commercial & Industrial, owner-occupied real estate, senior housing 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.
3. Advanced written, mathematical, and analytical skills that demonstrate an ability to analyze balance sheet structure, stress test income and identify cash flow trends.
4. Knowledge of financial statement spreading, including proficiency in preparing pro-forma statements.
5. Excellent written, oral, organizational, and interpersonal skills used towards structuring, closing, maintenance, and problem resolution. A strong knowledge of loan documentation requirements.
6. Ability to self-manage multiple tasks at one time to meet deadlines, whether working independently or in a team environment.
7. 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. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to cultivating and promoting a diverse and inclusive workforce. We seek to provide an environment of equal employment opportunity and advancement to all employees and applicants. It is our policy to provide equal employment and advancement opportunities without regard to race, color, ethnicity, age, religion, gender, pregnancy/childbirth, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, or any other category protected by federal, state and/or local laws.