Credit Portfolio Manager

GreatAmerica Financial Services; Cedar Rapids (IA); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Competitive compensation

Monthly bonuses

401(k) with company match

Profit sharing

Health insurance

Paid time off

Hybrid work arrangement

Tuition assistance

Career development

Gym reimbursement

Job summary

GreatAmerica Financial Services is seeking a seasoned Credit Portfolio Manager to oversee underwriting, ongoing portfolio administration, and credit quality for an assigned portfolio. You will work closely with Credit Leadership and Operations to identify and manage risks in line with policy and regulatory requirements.

The role involves gathering and analyzing financial statements, preparing memorandums, and supporting new originations, renewals, and annual reviews.

Qualifications

• Five (5) or more years of commercial credit analysis experience, preferably in a community banking or private banking setting.
• Extensive experience in analyzing complex financial statements and tax returns.
• Credit analysis training or experience appropriate for the job requirements.

Responsibilities

• 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.
• Provides portfolio reporting, analytics, and ad hoc analysis to Credit Leadership.
• Monitors and services the commercial obligations through annual servicing review processes and exception clearing.
• Oversees document compliance, covenant compliance, and financial reporting requirements; resolves exceptions timely.
• Assists in preparing problem loan reports and loan workouts as appropriate.
• Ensures compliance with State and Federal regulations and Bank policies and procedures.

Skills

Credit analysis

Financial statement analysis

Loan documentation

Risk assessment

Portfolio management

Regulatory compliance

Communication

Negotiation

Presentations

Relationship management

Education

Bachelor's degree in Business, Finance, Accounting

Tools

Excel

Financial modeling

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 timelyContacts 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 analysisUnderwrites 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 appropriateReviews 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 StandardsPerform other related duties as assignedTo 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 transactionsExtensive experience in analyzing complex financial statements and tax returns.Credit analysis training or experience appropriate for the job requirements.Skills and AbilitiesHighly 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 persuasivelyBroad 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 BenefitsCompetitive CompensationMonthly Bonuses for Eligible Employees401(k) and Company MatchAnnual Profit SharingPaid Time OffHealth, Wellbeing, and Family Planning BenefitsPaid 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 yearGym ReimbursementHealth InsuranceDental InsuranceVision InsuranceShort-Term and Long Term DisabilityCompany Paid Life InsuranceFlexible Spending Accounts (FSA)Health Savings Accounts (HSA)Employee Assistance ProgramParental LeaveEducation and Career Planning BenefitsTuition AssistanceNetworking OpportunitiesLeadership Development OpportunitiesPerksPaid ParkingService AwardsHybrid work arrangementsBusiness casual environmentA strong organizational culture focused on our greatest asset: you!If your experience aligns closely, please apply. We value diverse backgrounds and adding new perspectives. We encourage you to apply if you can make a strong impact in this role at www.greatamerica.com/careers.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.