PORTFOLIO MANAGER

Highland; Maple Grove (MN); Hybrid; USD 80,000 - 100,000; Full time

Benefits offered by this job

Health Insurance

Vision Insurance

Life Insurance

AD&D Insurance

Salary Continuation

Long-Term Disability

Voluntary Life Insurance for Employee,

Voluntary Life Insurance for Spouse,

Voluntary AD&D Insurance

Health Savings Account

Flexible Spending Accounts

401(k) with 4% employer match

PTO

Employee Incentive Program

Job summary

Highland Bank in Maple Grove, MN is seeking a Portfolio Manager to manage a portfolio of smaller to midsize Commercial Banking relationships. You will monitor loan portfolios, review cash flow, and ensure timely underwriting for new money and renewals over $500,000 in exposure, with an emphasis on accuracy and compliance.

This role requires a Bachelor's degree in finance or accounting (or equivalent experience), strong credit analysis, and solid communication.

Qualifications

• Financial statement analysis background with proven credit skills including analysis, documentation, and structure.
• Lending philosophy consistent with the Bank.
• Strong oral and written communication skills.
• High attention to detail and compliance awareness.
• Knowledge of bank operations, products, services and regulatory requirements.

Responsibilities

• Portfolio Monitoring: review loan covenants, etc., for relationships >$500k.
• Past due loan monitoring and overdraft activity review.
• Underwriting for new money requests >$500k, timely timelines.
• Underwriting renewals for >$500k, ensure maturity deadlines.
• Annual reviews for >$500k exposure, timely completion.
• Prepare PLR reports with cash flow analyses and collateral review.
• Coordinate appraisals, credit reports, and closing items.
• Review loan documents for accuracy and maintain workflow.
• Collaborate with Commercial Banker for client experience and compliance.
• Ensure regulatory knowledge and training; protect customer data.

Skills

Financial statement analysis

Lending philosophy

Communication skills

Customer service

PC skills

Bank operations knowledge

Leadership

Office equipment

Attention to detail

Regulatory compliance knowledge

Education

Bachelor's degree in finance or accounting

Five years related experience

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

PORTFOLIO MANAGER

Maple Grove, MN, US

8 days ago Requisition ID: 1040

Salary Range: $80,000.00 To $100,000.00 Annually

SUMMARY:

In line with established policies and procedures, is responsible for effectively managing and servicing a portfolio of smaller to midsize Commercial Banking relationships .

ESSENTIAL DUTIES AND RESPONSIBILITIESinclude the following, other duties may be assigned.

• Portfolio Monitoring: Monitor the assigned Commercial Banker(s) loan portfolio to ensure accurate and timely completion/review of loan covenant tests, borrowing base certificates, and complete loan file comments for relationships >$500,000 in exposure. Request and Review financial tickler documentation received from the customer and completion of cash flow analysis on an appropriate basis for each customer (monthly, quarterly, semi-annually or annual). Alert the Commercial Banker of any deterioration with the customer and assist in determining appropriate action steps if necessary, risk rating change, etc.
• Regularly monitors the Past Due Loan Report to ensure customers’ repayment is occurring as expected on the assigned loan portfolio. Review overdraft activity of assigned customers.
• New Underwriting: Accurate and timely completion of Underwriting for new money requests for relationships >$500,000 in exposure. Work closely with the Commercial Banker and customer/prospect to meet the expected timeline.
• Loan Renewals: Accurate and timely completion of Underwriting of renewal loan requests for relationships >$500,000 in exposure. Work closely with the Commercial Banker and customer to meet the expected timeline and ensure the renewal is completed prior to maturity.
• Annual Reviews: Accurate and timely completion of Underwriting of Annual Reviews for relationships >$500,000 in exposure. Work closely with the Commercial Banker and customer to meet the Annual Review assigned date.
• Problem Loan Reports: Accurate and timely completion of Problem Loan Reports. Ensure appropriate cash flow analysis is completed and included with the PLR and appropriate collateral review documents are completed (FAS 114, IPV’s, etc.). Work closely with the Commercial Banker and customer to meet the PLR deadline.
• Order applicable loan related items necessary to ensure a smooth and timely loan closing. This includes such things as, but not limited to: appraisals, credit bureau reports, background checks, flood report, title work, environmental, UCC search, and completion of IPV’s.
• Loan Documentation Review: Review of loan documents to ensure accuracy.
• Ensure workflow is up-to-date and accurate.
• Jointly responsible with the Commercial Banker and Commercial Banking Associate for effective client interaction and communication, to ensure a positive client experience, and high customer satisfaction.
• Partners with team CBA to obtain and review all necessary collateral verification documentation (Title work, Environmental Assessments, Appraisals, etc.) and conduct pre-close loan reviews of documentation; to minimize compliance, regulatory, and lien perfection exceptions.
• Maintains a high level of bank compliance and regulatory knowledge. Trains and educates self in new areas of job knowledge through formal education, self-study, and reading of trade journals. Maintains the privacy and security control of all customer records. Reports suspicious activity or lax security measures as appropriate.
• Performs other duties as assigned

The above information on this description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job.

QUALIFICATIONS

To perform this position successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Financial statement analysis background with proven credit skills including analysis, documentation, and structure
• Possess a lending philosophy consistent with the Bank
• Solid oral and written communication skills
• Strong customer service and interpersonal skills
• PC skills including word processing and spreadsheets
• Maintains a high level of knowledge of bank operations, products and services, and regulatory and statutory requirements
• Leadership abilities to provide guidance to subordinates
• Ability to operate standard office equipment
• Strong attention to detail
• Must maintain a high level of knowledge of legal and regulatory banking compliance in order to properly complete the duties of position.

EDUCATION/EXPERIENCE

Bachelor's degree (B. A.) in finance or accounting from four-year college or university; or five years related experience and/or training; or equivalent combination of education and experience.

Benefits Available:

• Health Insurance
• Vision Insurance
• Life Insurance
• Accidental Death and Dismemberment Insurance (AD&D)
• Salary Continuation
• Long-Term Disability
• Voluntary Life Insurance for Employee, Spouse, and Child(ren)
• Voluntary Accidental Death and Dismemberment Insurance (AD&D) for Employee, Spouse, and Child(ren)
• Health Savings Account
• Flexible Spending Accounts
• 401(k) with 4% employer match
• 21 Days of PTO, accrued per pay period
• Employee Incentive Program

Highland Bank

Your Business. Our Bank

Highland Bank is an Equal Opportunity Employer