Portfolio Manager

Elevations Credit Union; Broomfield (CO); Hybrid; USD 96,000 - 120,000; Full time

Benefits offered by this job

4 weeks paid time off

Paid holidays 12

Parental leave 12 weeks

Health plan with HSA contributions

401(k) match up to 4%

Employee Assistance Program

Tuition reimbursement up to $5,250/yr

Learning and development access

Job summary

Elevation Credit Union in Colorado’s Front Range seeks a Commercial Lending Portfolio Manager to oversee the business and commercial loan portfolio, enhance asset quality, and support strategic goals. You will work with lenders and analysts to optimize performance and risk controls.

The role emphasizes collaboration with credit and operations, handling renewals, and presenting findings to leadership. Hybrid work is available, with onsite requirements and a focus on growth and continuous

Qualifications

• Clear communication of requirements with borrowers, staff, and officers.
• Bachelor’s degree or 5+ years in a commercial production or commercial specialist role in a financial institution.

Responsibilities

• Coordinate collection of borrower documents and manage communication with business clients and loan officers.
• Monitor maturing loans; coordinate renewals and covenant ticklers with credit analysts.
• Conduct site visits and prepare asset quality reviews as needed.
• Prepare renewals and document exceptions.
• Manage timely resolution of member financial reporting and ticklers.
• Present findings and recommendations to commercial lenders.
• Coordinate with credit, legal, and loan operations on closings and documentation.

Skills

Communication

Finance degree/experience

Loan docs knowledge

Financial modeling

Risk analysis

Portfolio management

Education

Bachelor’s degree or 5+ years commercial finance experience

Tools

Portfolio management software

Job description

When joining Elevations, you can expect to work for a company with:

• A leadership team that strives to make this the best place you’ve ever worked!
• A focus on supporting our employees’ mental, physical, and financial well-being
• A commitment to diversity, equity, and inclusion recognized by the Denver Business Journal and Colorado Association of Realtors
• A highly engaged workforce devoted to innovation, continuous improvement, and collaboration
• A reputation for excellence, as evidenced by being a two-time recipient of the Malcolm Baldrige National Quality Award
• A passion for consistently providing amazing experiences and creating raving fans

If you join our team, here are some of the perks you can expect:

• A competitive total rewards package with 4 weeks paid time off for full-time employees, work anniversary paid time off, paid volunteer time off, and 12 paid holidays
• Comprehensive medical, dental, and vision plans with employer contributions to supercharge your Health Savings Account
• Up to a 4% match on 401(k) contributions
• Up to twelve weeks of fully paid parental leave
• An extensive Employee Assistance Program that provides personalized care options for your whole household
• Ample opportunity to learn, develop and grow with access to LinkedIn Learning, career and leadership development programs, job shadowing, a mentor program, and tuition reimbursement up to $5,250/year

Location

• Hybrid: Employees who are able to perform the essential functions of their jobs away from an Elevations location may do so with the expectation that they are onsite at least fifty percent of the time over a two-week pay period.

Summary/Objective

The Commercial Lending Portfolio Manager is responsible for working with multiple lenders to manage the business and commercial loan portfolio to ensure optimal performance, risk management, and alignment with strategic financial goals. This role plays a critical part in managing asset allocation, assisting with production efforts, and supporting stakeholders within the commercial lending team.

Essential Functions

• Coordinate collection of required documents from borrowers and actively manage communication between business clients and commercial loan officers.
• Monitor maturing loans, communicate requirements to borrowers, compile financial packets, and coordinate renewing loan structures with credit analysts.
• Conduct site visits and prepare asset quality reviews, as needed.
• Prepare renewals, document exceptions, and covenant ticklers.
• Manage timely resolution of member financial reporting, and outstanding ticklers.
• Present findings and recommendations to the respective commercial lender.
• Coordinate with credit, legal, and loan operations on closings and documentation.

Reports To

Manages:

This role does not have supervisory responsibility

Required Skills, Education and Experience

• Ability to clearly communicate requirements with borrowers, loan administration staff, financial analysts, and commercial loan officers.
• Bachelor’s degree in Finance, Economics, Business Administration, or at least five years' experience in a commercial production or commercial specialist role in a financial institution.
• Strong understanding of loan documents, business entity structure, loan underwriting, and asset/liability management.
• Proficiency in financial modeling, risk analysis, and portfolio management software.
• Excellent communication and presentation skills.

Preferred Skills, Education and Experience

• Working knowledge of state and federal guidelines impacting business and commercial lending.
• Familiarity with accounting principals impacting asset and liability management, interest accrual, and troubled assets.
• Experience managing borrowing bases, monitoring equipment and machinery, and accounts receivables lending.

Elevations uses multi-factor authentication to keep our data safe. As such, a personal smartphone is a requirement for employment with us. This job operates in an office setting and routinely uses standard office equipment.

Physical Requirements

Sitting frequently, walking occasionally, use of hands frequently, hearing constantly, talking frequently, exerting up to 10 lbs of force occasionally to lift, carry, push, pull, or move objects

Position Type/Expected Hours of Work

Full time/40 hours

Compensation Information

The person hired into this position will likely earn between $95,796.75and $119,745.94, plus annual bonus.

Actual compensation earned may vary from the posted hiring range based on factors such as relevant experience, time in role, performance and production.

Anticipated Application Window:

This role is anticipated to close within 25 days from the date of posting. However, if the position has not been filled, Elevations may keep the application period open longer.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

About Us: Elevations Credit Union is a member-owned not-for-profit financial institution serving Colorado’s Front Range. Founded in 1952, we’ve grown from 12 members and less than $100 in assets to an institution with 15 branches and more than 170,000 members that manages over $3 billion in assets and is the No. 1 credit union mortgage lender in Colorado. At Elevations, we’ve made a commitment to move away from a product-centered business model and focus instead on creating consumer solutions. Our objective is to provide our members, as well as the entire community, with unbiased consumer information.

EEO Statement: The Credit Union is dedicated to the principles of equal employment opportunity. We prohibit unlawful discrimination against applicants or employees on the basis of age 40 and over, race (including traits historically associated with race, such as hair texture and length, protective hairstyles), sex, sexual orientation, gender identity, gender expression, color, religion, creed, national origin, ancestry, disability, military status, genetic information, marital status, or any other status protected by applicable state or local law.

Candidates for certain positions may be required to submit to a credit history report in determining qualification for employment with Elevations Credit Union. If the position you are applying for requires a credit history report, any information received in such a report will not be the sole factor in making an employment decision. A history of personal financial irresponsibility may be reason for disqualification insofar as it relates to your potential job duties. Elevations Credit Union is aware that occasionally there are extenuating circumstances that may affect an individual's credit history. We comply with the Fair Credit Reporting Act and the Colorado Employment Opportunity Act.

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