Portfolio Manager

First Horizon Bank; Mobile (AL); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Medical with wellness incentives

Dental and Vision

HSA with company match

Maternity and parental leave

Tuition reimbursement

Mentor program

401(k) with 6% match

Job summary

First Horizon Bank is seeking a Portfolio Manager to assist in risk assessment and management of the loan portfolio. You will provide analytical and credit oversight, with responsibility for annual reviews, covenant compliance, and financial collection within assigned credits.

Collaborate with Relationship Managers to grow a high quality, profitable loan portfolio. The role involves evaluating risk, gathering financial data, preparing credit presentations, and helping structure new loans and

Qualifications

• Requires in-depth understanding of credit risk assessment and underwriting

Responsibilities

• Evaluates risk rating of prospects and existing credits; identifies risk trends and notifies supervisor.
• Partners with Relationship Managers to meet clients and gather financial data for underwriting.
• Analyzes cash flow and financial indicators for commercial and individual borrowers.
• Prepares financial spreads, credit presentations, and loan pricing models for approvals.
• Assists in pricing and structure of new loans and renewals.
• Coordinates loan closing and booking events.
• Monitors industry trends and analyzes risk signals.
• Ensures renewal letters and covenant compliance are completed.

Education

Bachelor degree or equivalent

Job description

Job Description

Location: On site at location listed in job posting.

Summary: The Portfolio Manager assists in the assessment of risk and management of the Bank’s loan portfolio by providing analytical and credit oversight and is responsible for the annual review, renewal, loan covenant compliance reviews and financial collection process within assigned loan portfolio. Partners with Relationship Managers to grow and develop a high quality and profitable loan portfolio.

Key Responsibilities

• Evaluates pertinent information to determine risk rating and whether a prospect and/or existing credit is an acceptable risk; identifies credit risk trends at the customer and portfolio level; notifies manager of risk changes.
• Partners with Relationship Managers to:
• Meet with current and prospective clients to understand the specific customer requirements and needs.
• Collect appropriate financial data and information to ensure an accurate risk assessment and thorough underwriting.
• Answer client questions; ensure all data is accurate for loan underwriting.
• Analyses global cash flow for commercial and individual prospects, borrowers and guarantors to identify financial condition, profitability, repayment ability, operating trends, financial support of credit and other various financial indicators.
• Prepares all required financial spreads, Credit Presentation Sheets, Narrative, Relationship Summary, and Loan Pricing Model and prepares packages for approval on all new and existing credits.
• Assist in the pricing and structure of new loans and renewals.
• Coordinates closing and booking events.
• Monitors industry trends and analyze specific industry trend data to identify potential areas of risk.
• Ensures a 120 day renewal letter is sent to the customer identifying the key financial information needed in advance to process the renewal request; completes loan covenant compliance and annual loan reviews and review findings.
• Completes, passes and maintains an up to date status for all positional and company required compliance and regulatory courses by assigned due date(s).
• Performs all other duties as assigned

Qualifications

• Bachelor (4-year college) degree at least 10 years of experience or equivalent combination of education and experience

About Us

First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nation's best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com .

Benefit Highlights

• Medical with wellness incentives, dental, and vision
• HSA with company match
• Maternity and parental leave
• Tuition reimbursement
• Mentor program
• 401(k) with 6% match
• More – FirstHorizon.com/First-Horizon-National-Corporation/Careers/Our-Benefits

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Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

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