Portfolio Manager

First Horizon Bank

Mobile (AL)

On-site

USD 90,000 - 140,000

Full time

5 days ago

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Benefits offered by this job

Medical with wellness incentives

HSA with company match

Maternity and parental leave

Tuition reimbursement

Mentor program

401(k) with 6% match

Job summary

First Horizon Bank in Mobile, AL seeks a Portfolio Manager to assess risk and oversee the loan portfolio, including annual reviews, renewals, covenant compliance, and financial collection within assigned credits. You will partner with Relationship Managers to grow a high-quality, profitable loan portfolio.

The role requires analytical credit oversight, preparation of financial presentations, and collaboration with clients to understand needs and ensure accurate underwriting.

Qualifications

Bachelor (4-year college) degree and at least 5 years of experience or an equivalent combination of education and experience.

Responsibilities

Evaluates risk to determine risk rating and acceptability of credit; identifies trends and notifies manager.
Partner with Relationship Managers to meet clients and understand needs.
Collect financial data to ensure accurate risk assessment and underwriting.
Analyze cash flows for prospects, borrowers and guarantors to assess financial condition.
Prepare financial spreads, presentation sheets, narratives and pricing models for approvals.

Skills

Credit risk assessment

Financial data analysis

Underwriting

Cash flow analysis

Education

Bachelor's degree

Job description

JOB DESCRIPTION

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.

Summary

JOB DESCRIPTION

Key Responsibilities Include

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 Include

Bachelor (4-year college) degree at least 5 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