Portfolio Manager

First Bank; Carmi (IL); On-site; USD 70,000 - 110,000; Full time

Benefits offered by this job

Competitive salary

401K retirement plan

Other benefits

Job summary

First Bank is seeking a Portfolio Manager to join our team in a primarily in-person role. You will oversee the loan portfolio, coordinate with Commercial Sales, and ensure documentation and servicing are accurate while building strong client relationships.

The ideal candidate will have at least 2 years in financial services, a Bachelor’s degree in a related field, and a proactive approach to growing client deposits and cross-sell opportunities.

Qualifications

• Bachelor’s degree in business or related field preferred.
• 2 years financial services industry or related experience.
• Knowledge: Bank products, rules, and regulations.
• Motivation: Desire to grow in career.

Responsibilities

• Uncovers client needs and recommends bank products and services.
• Conducts weekly meetings to manage loan pipeline, past-due, maturing loans, and client needs.
• Communicates with clients and third parties to obtain information/documentation.
• Supports Relationship Managers and Mortgage Officers with loan origination and portfolio management tasks.
• Develops relationships with clients and serves as primary contact for loan servicing and administrative matters.
• Prepares for client calls through internal and external research and renewals.
• Monitors loan portfolio quality and reports findings to the RM as applicable.
• Identifies opportunities to deepen deposit relationships using tax returns or financial statements.
• Complies with bank policies and required BSA/compliance courses.

Skills

Problem solving

Computer usage

Verbal and written communication

Detail orientation

Critical thinking

Sales

Complaint resolution

Education

Bachelor’s degree in business or related field

Job description

Thank you for your interest in joining First Bank. If you’re looking to be part of a team that values integrity, humility, excellence, challenge, and life-long learning, you’ve come to the right place. At First Bank we believe in offering opportunities to help individuals build a long and lasting career, and we are currently seeking a Portfolio Manager.

Duties and Responsibilities

• Through a deep understanding of bank products and services, uncovers needs and makes recommendations to clients and prospects.
• Conducts weekly meetings with Commercial Sales Manager to manage loans in pipeline, past due loans, maturing loans, exceptions, and client needs.
• Communicates with clients and third parties to ensure all information/documentation is received.
• Provides excellent internal customer service by assisting Relationship Managers and Mortgage Officers completing administrative tasks related to origination of new loans and ongoing management of portfolio.
• Develops and builds relationships with clients and serves as primary contact for clients for loan servicing and administrative matters.
• Assists with pre-call plan preparation for existing clients and prospective clients through internal and external research.
• Ensures quality of loan portfolio through report monitoring and tracking and communicating findings to designated RM when applicable.

• Updates company history, current operations, and management portion of the write up on renewal credits.
• Using tax returns or financial statements, identifies opportunities to deepen deposit relationships.

• Protects the bank and clients by following company policies and procedures and completing required BSA and compliance courses.
• Performs other duties as assigned.

Qualifications

• Skill Requirements:
• Knowledge: Bank products, rules, and regulations
• Work experience: 2 years financial services industry or related experience
• Certifications: None required
• Management experience: None required
• Education: Bachelor’s degree in business or related field preferred
• Motivations: Desire to grow in career

Skills

• Problem solving
• Computer usage
• Verbal and written communication
• Detail orientation
• Critical thinking
• Sales
• Complaint resolution

Work Environment

• Work Hours: Monday through Friday, 8:00-5:00 (Additional hours may be required for company meetings or training.)
• Job Arrangement: Full-time, permanent
• Travel Requirement: The job may requires for training and other work-related duties.
• Remote Work: The job role is primarily in-person. A personal or work crisis could prompt the role to become temporarily remote.
• Physical Effort: May require sitting for prolonged periods. Requires standing for periods of time for filing.
• Environmental Conditions: No adverse environmental conditions expected.

The position offers a competitive salary, 401K-retirement plan, and other benefits.

EO / M /F/ Vet / Disability. First Bank is an equal opportunity employer. It is our policy to provide opportunities to all qualified persons without regard to race, creed, color, religious belief, sex, sexual orientation, gender identification, age, national origin, ancestry, physical or mental handicap, or veteran's status. Equal access to programs, service, and employment is available to all persons. Those applicants requiring reasonable accommodation to the application and/or interview process should notify human resources.