Credit Portfolio Manager

GreatAmerica Bank National Association; Cedar Rapids (IA); Hybrid; USD 90,000 - 130,000; Full time

Benefits offered by this job

Hybrid work arrangements

Health Insurance

401(k) and Company Match

Annual Profit Sharing

Paid Time Off

Paid Holidays

Job summary

GreatAmerica Financial Services seeks a Credit Portfolio Manager to oversee underwriting, portfolio administration, and credit quality for an assigned portfolio. This role collaborates with Credit Leadership, Operations, and Business Development to identify and manage risks in line with policy and regulatory requirements.

You will monitor documentation, risk grades, and reporting, while supporting new originations, renewals, and covenant monitoring.

Qualifications

• Bachelor’s degree in Business, Finance, Accounting, or related field.
• Five or more years of commercial credit analysis experience, preferably in banking.
• Extensive experience analyzing complex financial statements and tax returns.

Responsibilities

• Underwrites commercial credit requests and recommends loan structures based on financial condition and risks.
• Gathers and analyzes credit information on current and potential borrowers, including financial statement spreads.
• Prepares credit memorandums with risk assessments and mitigation factors.

Skills

Credit underwriting

Portfolio management

Financial statement analysis

Regulatory compliance

Communication

Relationship building

Education

Bachelor’s degree in Business/Finance/Accounting

Tools

Credit analysis software

Job description

GreatAmerica Financial Services is a highly successful entrepreneurial company providing equipment financing to businesses across the United States. Our exemplary customer service, our principle-centered business philosophy and our team-based operating approach are key to our success and growth. We Are Looking to Add a Key Member to our Credit Team!

The Credit Portfolio Manager is responsible for credit underwriting, ongoing portfolio administration, and credit quality oversight for an assigned portfolio. This role partners closely with Credit Leadership, Business Operations, and Business Development to ensure risks are identified, monitored, and managed in accordance with credit policy, regulatory requirements, and GreatAmerica risk appetite. The Credit Portfolio Manager supports new originations, renewals, annual reviews, covenant monitoring, and exception resolution while contributing to portfolio performance and sound credit outcomes.

As a Credit Portfolio Manager, you will:

• Monitors and services the commercial obligations through quality portfolio management work related to the annual servicing review process and exception clearing.
• Oversee document compliance, covenant compliance, and financial reporting requirements; resolve exceptions timely Contacts borrowers and Vendors to obtain updated financial information to ensure quality and recency of documentation within files.
• Meets deadlines and schedules associated with analyzing financial information to evaluate the credit worthiness of on-going exposure.
• Properly grades risk of each obligation in the portfolio, per policy.
• Recommends adjustments to risk grades as circumstances change or new information becomes available.
• Gathers and analyzes credit information on current and potential borrowers including preparation of both business and personal financial statement spreads.
• Prepares written summaries and financial trend, cash flow, and collateral analysis
• Underwrites commercial credit requests and recommends loan structures by drawing conclusions from the information provided as to the financial condition of the client and identifying key credit risks and mitigating factors.
• Assists in the preparation of problem loan reports on adversely graded borrowers and assist in loan workouts as appropriate Reviews and analyzes third party reports such as appraisals, environmental reports, and credit bureau reports.
• Researches economic environments, business and industry cycles, and assesses management and operations to understand non-financial risks associated with the borrowers and identifying mitigating factors.
• Assures that large commercial relationships are following State and Federal regulations and Bank policies and procedures.
• Builds and maintains a positive working relationships with internal business partners (Bank President, Credit Leadership, Operational Risk, and Operations, etc.).
• Undertakes special projects related to job function as determined by Credit Leadership.
• Continuously updates skills by participating in professional training and seeks opportunities to improve skills through cross-training offered by the Bank.
• Adheres specifically to all corporate policies and procedures, Federal and State regulations and laws.
• Has responsibility for following regulatory requirements including those pertaining to the Bank Secrecy Act (BSA), Anti- Money Laundering (AML), Customer Identification Program (CIP) and OFAC to assist in the identification, detection and determent of money laundering or other unlawful activities.
• Perform credit underwriting and risk assessment for new transactions, renewals, extensions, and amendments, including preparation of clear, concise credit memorandums supporting approval decisions.
• Provide portfolio reporting, analytics, and ad hoc analysis to Credit Leadership.
• Live and promote the GreatAmerica Principles and Standards Perform other related duties as assigned

To be successful in this role you will need:

• Bachelor’s degree in Business, Finance, Accounting, or related field.
• Five (5) or more years of commercial credit analysis experience, preferably in a community banking or private banking setting that includes analyzing, negotiating, and/or structuring borrowing transactions
• Extensive experience in analyzing complex financial statements and tax returns.
• Credit analysis training or experience appropriate for the job requirements.

Skills and Abilities

• Highly developed communication and presentation skills, including the ability to write clear and concise credit correspondence and to convey complex information clearly and concisely.
• Strong interpersonal skills with emphasis on relationship building both internally and with GreatAmerica Bank clients and prospects.
• Strong organization, prioritization, and time management.
• Attention to detail and sound judgment.
• Ability to advocate persuasively
• Broad knowledge of credit principles and commercial lending best practices.
• Capability to independently and proactively manage various relationships and effectively manage multiple priorities.
• Working knowledge of credit risk principles, financial analysis, and loan/lease documentation.

Sharing rewards is an integral part of our culture. We believe in the value of hard work and reward our employees beyond the paycheck.

Our total rewards package is based on eligibility and includes:

• Financial Benefits
• Competitive Compensation
• Monthly Bonuses for Eligible Employees
• 401(k) and Company Match
• Annual Profit Sharing
• Paid Time Off
• Health, Wellbeing, and Family Planning Benefits
• Paid Vacation - starting at 80 hours annually for employees in their first year of service.
• Paid Sick Days - Ten (10) per year with a conversion option for unused time.
• Ten (10) Paid Holidays per year
• Gym Reimbursement
• Health Insurance
• Dental Insurance
• Vision Insurance
• Short-Term and Long Term Disability
• Company Paid Life Insurance
• Flexible Spending Accounts (FSA)
• Health Savings Accounts (HSA)
• Employee Assistance Program
• Parental Leave
• Education and Career Planning Benefits
• Tuition Assistance
• Networking Opportunities
• Leadership Development Opportunities
• Perks
• Paid Parking
• Service Awards
• Hybrid work arrangements
• Business casual environment
• A strong organizational culture focused on our greatest asset: you!

We value diverse backgrounds and adding new perspectives.

Please note, applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa.

GreatAmerica is the largest independent, family-owned national commercial equipment finance companies in the U.S. and is dedicated to helping manufactures, vendors, and dealers be more successful and keep their customers for a lifetime. With a focus on the small ticket vendor and OEM finance channel we have partnered with some of the largest and industry leading companies in the Office Equipment, Communications, IT, Automotive, Construction, Healthcare, and Franchise market sectors. In addition to financing, GreatAmerica offers innovative non-financial services to help our customers grow. At GreatAmerica we enjoy the benefits of being independent and family-owned, fostering quick decision making, customer response and innovation. Established in 1992 our team has grown to over 650 employees and a portfolio of over $2.5+ Billion. Our exemplary customer service, principle-centered business philosophy and team-based operating approach are key to our success and growth. With a strong balance sheet and consistent financial performance through all economic cycles, GreatAmerica has experienced amazing results and unparalleled growth. When you are part of the GreatAmerica team, you will grow professionally and work with some of the most talented finance professionals in the industry. There is no doubt in our minds we are building the greatest company of its kind, offering the finest products and services available anywhere. When you are part of the GreatAmerica team, you are part of the future, part of an opportunity to grow professionally and to reach your potential while enjoying your work.