Portfolio Manager

Firstrust Bank; Conshohocken (Montgomery County); On-site; USD 110,000 - 160,000; Full time

Job summary

Firstrust Bank in the Philadelphia region seeks a Portfolio Manager to monitor a complex loan portfolio and provide timely risk assessments. You will prepare credit memorandums and ensure adherence to underwriting policies and regulatory requirements.

The role requires independent decision-making, strong Excel and Salesforce usage, and collaboration with relationship managers and credit officers to finalize underwriting decisions.

Qualifications

• Bachelor’s degree in accounting, finance, economics, or related fields.
• 4–6+ years’ experience in underwriting and portfolio management (C&I and investment real estate).
• Strong knowledge of loan structuring and credit policies.
• Detail oriented with strong interpersonal and written communication skills.
• Ability to multitask and independently manage workflow.

Responsibilities

• Underwrite new requests and renewals, partnering with the relationship manager.
• Prepare credit memorandums for investment real estate and C&I credits.
• Monitor regulatory requirements and risk across the portfolio.
• Maintain data entry to Vikar and other systems with accuracy.
• Assist with onboarding and support for less experienced colleagues.

Skills

Interpersonal communication

Oral and written communication

Multitasking

Self-motivation

Education

Bachelor’s degree in accounting, finance, economics

Tools

Excel

Salesforce

Vikar

Job description

Recognizes the leader in you

As one of the region’s foremost community banking institutions, we take pride in fostering leadership.

FIRSTRUST BANK

Recognizes the leader in you

As one of the region’s foremost community banking institutions, we take pride in fostering leadership.

As a Firstrust employee, your growth is our growth.

For you, that means great benefits, performance-based pay, a meaningful role, and resources to help your success.

For us, that means employees who offer exemplary customer service with a commitment to our values - honesty, integrity and accountability.

JOB SUMMARY

The Portfolio Manager requires specialized depth and breadth of expertise in exercising sound judgement in credit and risk administration through continuous credit monitoring to identify emerging credit risk in a timely manner. Works independently, with guidance limited to the most complex situations, and takes a broad perspective to identify innovative solutions. Ensures all Service Level Agreements, regulatory compliance requirements, and Bank’s credit risk profiles are monitored and maintained.

Analyzes financial information for a complex portfolio, including IRE and C&I credits, with limited to reasonable involvement from the Relationship Manager. Prepares credit memorandums and has extensive knowledge of credit policies with the ability to apply them to a variety of situations. Exhibits understanding of complex organizational structures, documentation, covenant definitions and/or collateral structures, while effectively tracking and monitoring financial reporting and covenant requirements. Provides loan and/or risk rating recommendations based on a review of all underwriting criteria for final approval.

The position requires independent decision making within the guidelines of commercial credit risk and practices with minimal management oversight. Exercises adherence to FTB’s internal portfolio and underwriting processes, including timely and accurate data entry to Vikar (underwriting platform) and/or other centralized systems, as well as maintaining high quality file documentation in a paperless environment.

Applicants should be prepared to submit a writing sample and analyze redacted financial information for discussion, as part of the interview process.

Firstrust Bank is an Affir­matic Action Contractor and is an Equal Opportunity Employer.

Minority/Female/Disabled/Veteran

Responsibilities/Duties

• Facilitate the credit needs of customers by underwriting new requests and renewals/modifications from preliminary discussions (preflight) through approval and the life of the loan. Proactive partner with the relationship manager and be intimately involved throughout the deal process and beyond.
• Responsible for timely preparation of credit memorandums for a portfolio consisting primarily of investment real estate (commercial and residential). Credit memos will include, but are not limited to repayment analysis, financial condition, guarantor analysis, collateral analysis, risks/mitigant, borrower background, etc., and recommendation. Strong expertise in investment real estate transactions is a must. The portfolio will also include C&I credit.
• Responsible for protecting and preserving the integrity of an individual and team portfolio by ensuring, among other responsibilities, that loans are addressed prior to their maturity date and risk reviews are performed in a timely manner while accurately accessing/managing risk in the portfolio via the annual review process.
• Ensure all Service Level Agreements, regulatory compliance requirements (CRA, HMDA, etc.), and Bank’s credit risk profiles and profitability are monitored and maintained.
• Analyzes relationships/new deal requests with limited involvement from the Relationship Manager. Willingly and immediately escalates any concerning information to the credit manager and credit officer.
• Possesses conceptual and practical knowledge of credit policies with the ability to apply them to a variety of situations.
• Exhibits a thorough understanding of organizational structures, documentation (searches, loan documents, appraisals, etc.), covenants and/or collateral structures.
• Effectively tracks and monitors financial reporting and covenant compliance requirements, prior to due date.
• Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval.
• Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as, maintaining high quality file documentation in a paperless environment.
• Acts as a resource for new colleagues with less experience and may be a part of less complex projects.

Knowledge - Skills & Abilities

• Bachelor’s degree in accounting, finance, economics, or related fields with 4‑6+ years’ experience in underwriting and portfolio management (C&I and investment real estate transactions). Must be well versed in defining/testing covenants and analyzing tax returns, rent rolls, leases, appraisals (commercial and residential), borrowing base certificates, A/R and A/P agings, marketable securities/brokerage statements, etc.
• Exhibits a deep knowledge of loan structuring, and credit policies and procedures, with previous experience assisting with, or preparing, term sheets for discussion.
• Detail oriented with strong interpersonal and oral/written communication skills. The candidate will be expected to be a driving force in conversations with the relationship managers and credit officers to ensure that all required items are received in a timely manner and the deal is underwritten fully and correctly prior to submission for review. Comfortable presenting
• The ability to multitask and independently manage their personal workflow with limited oversight Displays the ability to make sound decisions in a timely manner, escalating only when necessary. Must be self‑motivated.
• Knowledge of software/systems required to successfully perform job function. Proficiency in Excel, Salesforce and other operational systems is a must.

Knowledge - Skills & Abilities

• Bachelor’s degree in accounting, finance, economics, or related fields with 4‑6+ years’ experience in underwriting and portfolio management (C&I and investment real estate transactions). Must be well versed in defining/testing covenants and analyzing tax returns, rent rolls, leases, appraisals (commercial and residential), borrowing base certificates, A/R and A/P agings, marketable securities/brokerage statements, etc.
• Exhibits a deep knowledge of loan structuring, and credit policies and procedures, with previous experience assisting with, or preparing, term sheets for discussion.
• Detail oriented with strong interpersonal and oral/written communication skills. The candidate will be expected to be a driving force in conversations with the relationship managers and credit officers to ensure that all required items are received in a timely manner and the deal is underwritten fully and correctly prior to submission for review. Comfortable presenting
• The ability to multitask and independently manage their personal workflow with limited oversight Displays the ability to make sound decisions in a timely manner, escalating only when necessary. Must be self‑motivated.
• Knowledge of software/systems required to successfully perform job function. Proficiency in Excel, Salesforce and other operational systems is a must.

Firstrust Bank provides equal employment opportunity without regard to race, color, creed, sex (including pregnancy), age, gender, (including gender nonconformity and status as a transgender or transsexual individual), physical or mental disability, religion, national origin, genetics, marital status, veteran’s status, ancestry, citizenship, sexual orientation, or other characteristics protected by applicable law. This policy applies to all areas of employment, including, without limitation, recruitment, hiring, training and development, promotion, transfer, termination, compensation, benefits, and all other conditions and privileges of employment in accordance with applicable federal, state and local laws.

Firstrust Bank is an Equal Opportunity Employer.

If you have a disability and need an accommodation to complete the application process, please email Firstrust Bank Human Resources Department [e-mail]. Include your full name, best way to reach you, and the accommodation needed to assist with the application process.

Firstrust provides reasonable accommodations so that disabled individuals may participate in the application and selection process. Please state your reasonable accommodation request for assistance in your message.

Only reasonable accommodation requests related to applying for a specific position within Firstrust will be reviewed at the email address and phone number supplied.

Please advise Firstrust of any accommodation you require to express an interest in a specific opening by emailing or calling: [e-mail] or 215-728-8265.