Commercial Portfolio Manager

peakcreditunion; United States; Remote; USD 85,000 - 127,000; Full time

Job summary

Peak Credit Union is seeking a Commercial Lending Associate to assist the Lending Team with portfolio management for a diverse set of commercial loans. This remote role supports loan officers, acts as the main liaison for existing borrowers, and helps prepare annual reviews and credit documents.

You will underwrite and document new loans or amendments, analyze financial statements, and contribute to risk assessment with CLO input as needed.

Qualifications

• Minimum four (4) years loan underwriting experience, ideally in commercial underwriting and analysis within a financial institution.
• Working knowledge of commercial lending and deposit account procedures, financial statement analysis, and credit approval/annual reviews.

Responsibilities

• Assist Commercial Loan Officers in managing existing relationships and support new business development.
• Serve as the primary contact for existing borrowing relationships and monitor performance against covenants.
• Underwrite, structure, and document new loans or modifications to existing client relationships.
• Identify cross-sell opportunities and refer clients to other credit union products and services.
• Perform due diligence including review of financial, entity, legal and other documents prior to credit submission.

Skills

Commercial lending

Loan underwriting

Credit analysis

Interpersonal communication

Education

High School

Tools

Abrigo Sageworks

Job description

Job Summary:

Assists and supports the Commercial Lending Team by handling all aspects of commercial loan portfolio management as it relates to the assigned portfolio of loans. Performs both technical and administrative duties.

Where You Will Work:

Remote role open to candidates residing in Washington (WA) or Oregon (OR). ( Branches )

Travel is not required.

Pay Range:

The target annual pay range for this position is $93,456 - $106,200. The full annual pay range is $84,960 - $127,440.

Compensation decisions are determined using factors such as relevant job-related skills, experience, and education or training. Should an offer of employment be made, we will consider individual qualifications. In addition to your salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

Responsibilities:

• Helps support Commercial Loan Officers in the management of existing commercial credit relationships and partners with the Commercial Loan Officers in support of new relationships.
• Serves as the primary point of contact for existing borrowing relationships.
• Manages relationships with existing borrowers and supports Commercial Loan Officers with managing new relationships.
• Partners directly with the commercial lending team to ensure timely annual reviews, document performance against covenants and conditions, and assists CLO in monitoring and developing action plans for deteriorating credit relationships (i.e., watchlist reports, problem loan status reports, etc.).
• Collects updated information, analyzes data, and creates periodic loan review memorandums with risk upgrade or downgrade recommendations with assistance from the CLO, as needed.
• Creates, coordinates, and reviews annual review memorandums, property inspections, and commercial real estate evaluations for accuracy and further approval recommendations.
• Underwrites, structures, and helps document new loans or modifications to existing client relationship.
• Seeks cross-sell opportunities and directs members to other services and products offered by the credit union to meet the needs of the business relationship.
• Performs all due diligence required including the review of financial, entity, legal and other documents prior to credit submission to protect credit union resources.
• Supports the CLO in the management of the assigned portfolio by monitoring performance and trends, proactively defining credit relationship solutions, identifying issues and developing remediation, underwriting and providing credit approval recommendations as designated.
• Supports the CLO in developing and maintaining special reports as needed for commercial lending team to monitor risk, realize opportunities, and aid in department and portfolio allocation and management.
• Assists in ensuring the department adheres to all state/federal regulations, policies, and procedural guidelines. Provides feedback to commercial lending policy and procedural updates and revisions, as required. Remains current on industry, market trends and changes to regulation.
• All other duties as assigned.

Minimum Qualifications:

• High School
• Minimum four (4) years' loan underwriting experience, ideally in commercial underwriting and analysis within a financial institution.

Preferred Qualifications:

• Experience with Abrigo Sageworks financial software (or equivalent) preferred.

Knowledge, Skills, and Abilities:

• Working knowledge of commercial lending and deposit account procedures, commercial and personal financial statement analysis, credit approval/annual review memorandums, and commercial loan documentation.
• Knowledge and understanding of lending regulations.
• Maintains consistently high standards in areas of accuracy, thoroughness, completeness, and order of documentation, system input, and internal/external correspondence.
• Strong, well-developed interpersonal communication and negotiation skills to determine existing/potential members' financial needs. Demonstrated customer service skills and ability to communicate with members in a professional manner to ensure and enhance the credit union's image within its market areas.
• Ability to organize work in order to give prompt attention to members' request, while being able to meet designated deadlines.
• Demonstrated skills in member-related account transactions. Ability to interpret and explain Credit Union policies and transactions posted to members' accounts.
• Ability to function effectively as a member of a team or on