Portfolio Manager III

Clear Destination Inc.; Houston (TX); Hybrid; USD 120,000 - 160,000; Full time

Job summary

Clear Destination Inc. in Houston is seeking a Portfolio Manager III to perform financial analysis and prepare underwriting documents for corporate credit requests.

You will monitor credit risk across a portfolio, provide guidance to other PMs and lenders, and lead discussions on structuring transactions. The role requires strong financial analysis and modeling, excellent communication, and collaboration with lenders and clients.

Qualifications

• Bachelor's degree in finance, accounting, economics or related field required.
• 7–10 years of commercial underwriting/credit experience required.
• 3–5 years of Commercial & Industrial (C&I) underwriting required.

Responsibilities

• Gather and analyze all relevant financial data for clients and prospects, including spreading financial statements and collaborating with third party to ensure accurate financial spreads.
• Model future financial performance of clients and prospects, including downside scenarios.
• Demonstrate leadership in structuring transactions, collaborating with lenders and advising the client/borrower.
• Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, trends, and other issues.
• Ensure compliance with all relevant regulations.
• Manage the approval process for complex lending commitments, amendments, waivers, and consents, with monitoring and reporting.
• Review and maintain legal documentation including credit agreements, guarantees, and collateral.
• Monitor portfolio performance and covenant compliance, data integrity, and risk ratings.
• Establish and maintain direct client relationships, attending meetings to identify new underwriting and product opportunities.

Skills

Financial analysis

Financial modeling

Leadership

Presentation skills

Communication

Microsoft Office

Education

Bachelor's degree in finance, accounting, economics or related field

MBA preferred

Job description

Summary

The Portfolio Manager III is an individual contributor responsible for performing financial analysis and preparing underwriting documents to support corporate credit requests. This position is responsible for ongoing credit monitoring and risk rating for a portfolio of corporate clients. The Portfolio Manager III should demonstrate leadership by providing feedback and guidance to other PMs and Lenders as appropriate.

Specific Job Functions

• Gather and analyze all relevant financial data for clients and prospects, including spreading financial statements and/or collaborating with third party vendor to ensure accuracy financial spreads statements, analyzing historical performance, accurately calculating credit metrics, identifying risks and mitigants, and assessing creditworthiness, etc.
• Model future financial performance of clients and prospects, including downside scenarios.
• Demonstrate leadership in structuring transactions, in collaboration with lenders. Viewed as a value added financial advisor by the client/borrower, critical and knowledgeable contributor to the deal.
• Prepare a thorough credit underwriting document identifying credit risks and mitigants, industry concerns, market share trends, financial trends, and other pertinent credit issues.
• Ensure compliance with all relevant regulations.
• Manage the approval process for complex lending commitments, amendments, waivers, and consents, including providing monitoring, reporting and/or making recommendations to credit as appropriate.
• Review and properly maintain all necessary legal documentation including credit agreements, guarantees, security pledges, and collateral documentation to ensure that the documentation correctly reflects approval.
• Monitor accounts/ongoing financial performance of portfolio to track covenant compliance, determine liquidity, earnings trends, management capability and other essential information to secure the bank’s position to minimize potential losses. Ensure data integrity in the bank’s systems and reporting and that all assets remain appropriately risk rated at all times, with timely changes.
• Establish and maintain direct client relationships. Attend management presentations, bank meetings, and client meetings to identify new underwriting, and/or additional bank product opportunities.

Job Requirements

• Bachelor's degree in finance, accounting, economics or related field is required.
• Master’s degree MBA is preferred.
• 7 - 10 years of commercial underwriting, and/or credit is required. Commercial and Industrial (C&I) underwriting is preferred.
• 3 - 5 years of Commercial and Industrial (C&I) underwriting is required.
• Experience can run congruently.
• Demonstrated competence in financial analysis and modeling is required.
• Must be able to gather relevant research, analyze data, and concisely synthesize large amounts of information in order to accurately assess corporate creditworthiness package.
• Must have knowledge of understanding banking and investment banking products and services and current market dynamics, trends, and terms.
• Must have effective and polished presentation and communication skills.
• Must have working knowledge of Microsoft Suite products.
• Ability to plan, multi-task, manage time effectively, and lead work independently with limited direction.