Portfolio Manager I - SBA Credit

City National Bank; San Diego (CA); On-site; USD 119,851,000 - 191,486,000; Full time

Benefits offered by this job

Healthcare coverage

401(k) matching

Tuition Reimbursement

Vacation and sick leave

Career mobility support

Colleague Resource Groups

Job summary

City National Bank in San Diego seeks a Portfolio Manager I for Business Banking to drive long-term risk-adjusted returns. You will underwrite and manage a portfolio of privately held clients up to $50M in revenue, coordinating with Relationship Managers to tailor credit solutions across working capital, capex and CRE needs.

You will present credit recommendations to risk partners, monitor covenant compliance, and lead cross-functional efforts to deliver exceptional client service while

Qualifications

• Bachelor's Degree or equivalent in Finance, Business, or related field.
• Minimum 4 years of credit underwriting and portfolio management experience.
• Strong communication and collaboration with senior leadership.
• Foundational knowledge of risk management principles.
• Industry knowledge across commercial banking segments.

Responsibilities

• Underwrite and portfolio manage Business Banking clients - privately held companies up to $50M revenue.
• Formulate and recommend credit and banking solutions for working capital, capex, CRE, growth.
• Present credit recommendations to risk partners and prepare underwriting memorandums.
• Oversee portfolio with risk ratings, covenants, and quarterly/annual reporting.
• Collaborate with Relationship Managers and cross-functional teams to support strategic initiatives.
• Provide exceptional client service and participate in joint sales pitches.

Skills

Credit underwriting

Portfolio management

Risk management

Communication

Leadership

Cross-functional collaboration

Education

Bachelor's degree in Finance/Business or related field

Job description

PORTFOLIO MANAGER I - Business Banking

WHAT IS THE OPPORTUNITY?

The Portfolio Manager is part of the credit management team focused on the long-term risk-adjusted returns for the bank within the assigned business segment and/or geographic area(s). This individual manages a sub-set of existing credits and is a key partner in the origination of new credits.

Primary responsibilities include:

• Underwrite and portfolio manage Business Banking clients - typically privately held companies with annual revenues ranging up to $50 million across a wide range of industries and geographies.
• Formulate and recommend credit and banking solutions to clients to support working capital, capital expenditures, commercial real estate financing, growth, and other strategic business needs.
• Operate within a high-volume origination and portfolio management environment, supporting a relationship-focused model that emphasizes risk management, cross-functional collaboration, and long-term client partnerships. Provide comprehensive credit recommendations and presentations to key risk partners related to prospect(s) and existing clients of the bank (including moderate to complex new credit structures, modifications, and extensions) based on a comprehensive review of the borrower(s) and guarantor(s)' financials (which may include current and historical financial statements, tax returns, projections and/or cash flow proformas.)
• This individual is expected to present credit recommendations within the bank's risk appetite and framework and follow the bank's policies, processes and procedures.
• This individual is expected to be responsive to their clients' credit needs with an elevated level of client service and credit acumen to address their needs appropriately and timely.
• This individual is responsible for the ongoing oversight and management of its portfolio (including timely risk rating assessments, reporting covenants, covenant compliance, and the preparation of quarterly and annual reports.)

WHAT WILL YOU DO?

• Teamwork: Mentors junior colleagues, fosters a culture of continuous improvement and professional growth.
• Portfolio Management: Owns and manages an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices, including underwriting all types of credit exposures, managing credit risk, and responding to prospective client inquiries.
• Credit Analysis: Analyzes credit data and perform underwriting to assess creditworthiness and recommend appropriate structures to the Sales team and client. Prepare underwriting memorandums and approval documents for presentation to Credit Risk.
• Performance Monitoring: Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
• Data Analysis: Analyzes credit data to support underwriting and creditworthiness assessments including developing and presenting individual credit recommendations.
• Risk Management: Practices effective risk management, maintaining high standards of credit quality and origination in alignment with Bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
• Collaboration: Partners with Relationship Manager(s) to successfully manage credit account relationships. Work closely with cross-functional teams to ensure cohesive and effective credit operations to achieve the Bank’s strategic initiatives. Participate in ad-hoc projects to support the organization’s priorities.
• Client Service: Provides exceptional client service by maintaining professionalism and effectively interacting with clients to understand their needs and provide tailored credit solutions. Participate in joint sales pitches with Relationship Manager(s).

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent in Finance, Business, or related field
• Minimum 4 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries

Additional Qualifications

• Basic experience in credit management and lending operations, with a strong understanding of risk management principles
• Desire to build leadership and coaching skills, with the ability to train and develop talent
• Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams
• Basic analytical skills, with the ability to interpret complex data and make informed decisions
• Industry-specific knowledge and expertise

WHAT'S IN IT FOR YOU?

Compensation

Starting base salary: $41.83 - $66.81 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues including:

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Get a more detailed look at our Benefits and Perks.

ABOUT US

Since day one we've always gone further than the competition to help our clients, colleagues and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.

To learn more about City National and our dynamic company culture, visit us at About Us.

INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT

City National Bank foster an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.