Portfolio Manager Senior

First Horizon Bank; Nashville (TN); On-site; USD 110,000 - 150,000; Full time

Job summary

First Horizon Bank is seeking a Portfolio Manager – PRO CRE to prepare comprehensive credit analyses for non-owner occupied commercial real estate loans and support the credit approval process. The role requires understanding CRE product types and monitoring the real estate portfolio through covenant checks, reviews, and timely risk updates.

Responsibilities include reviewing rent rolls, identifying portfolio weaknesses, managing maturities, and ensuring accurate loan coding and covenant

Qualifications

• Bachelor’s degree in business, accounting, or finance; Master’s preferred.
• Prior underwriting CRE loans experience required.
• At least 7 years of commercial credit experience (credit analyst/underwriter/portfolio manager).
• Proficiency with Microsoft Office suite.

Responsibilities

• Review rent rolls and operating statements monthly, quarterly, and annually.
• Identify weaknesses and alert managers to deteriorating portfolio conditions.
• Prepare covenant checks and update nCinco as checks are completed.
• Monitor construction loans via inspections and borrower projections.
• Prepare annual portfolio reviews and update risk models as needed.
• Proactively manage upcoming loan maturities and renewals with Relationship Manager.
• Ensure loans are coded correctly in the loan system and covenant definitions are aligned.

Skills

7+ years commercial credit

Credit analysis

Communication skills

Education

Bachelor's Degree in business, accounting, or finance

Master's degree preferred

Tools

Microsoft Office suite

Job description

Job Description

Location: Onsite at location listed in posted.

Summary

The Portfolio Manager – PRO CRE will be responsible for preparing comprehensive credit analyses on non-owner occupied commercial real estate loans that facilitates the credit approval process. The Portfolio Manager should have a thorough understanding of various types of lending facilities as well as commercial real estate product types (i.e. retail, office, multi-family, lodging, industrial, ALF/ senior living, etc.). In addition, the Portfolio Manager will be responsible for monitoring the real estate portfolio including, but not limited to, periodic review and analysis of financial information, identification of negative trends, and preparation of covenant checks in support of the commercial lending function.

Key Responsibilities Include

• Review monthly, quarterly and annual rent rolls, operating statements, etc. for progress, trends, issues, etc.
• Identify portfolio weaknesses and trends and alert Relationship Manager and Market/ Investor CRE Underwriting Manager to deteriorating portfolio conditions
• Prepare covenant checks as required by Loan Agreement and follow procedures for the handling of loans deemed to be “out of compliance.” Update nCinco as covenant checks are completed and advance the days accordingly.
• Monitor progress on construction loans via inspection reports, progress relative to borrower projections, delays, etc.
• Prepare annual reviews
• Update Loss Given Default and Probability of Default models according to required due dates, upon completion of construction or as a result of changing conditions that impact the risk profile
• Proactively manage upcoming loan maturities and renewals working with the Relationship Manager
• Monitor past dues and overdrafts working with the Relationship Manager to resolve
• Ensure loans are coded correctly on the loan system once approved and booked. Ensure construction loans are correctly re-coded once a project is complete
• Once a loan is booked, ensure that the covenant definitions in nCinco match the requirements in the Loan Agreement.
• Review Loan Reviews and respond as appropriate to any noted deficiencies
• Ensure nCinco is updated with the appropriate documentation evidencing the monitoring of the portfolio according to the applicable procedures.
• Attend client meetings with the Relationship Manager (when possible)
• Attend portfolio review meetings with product partners

Qualifications Include

• Bachelors Degree in business, accounting, or finance (Master's preferred)
• Prior experience underwriting Commercial Real Estate loans is required.
• At least 7 years of commercial credit experience required (as credit analyst, underwriter, portfolio manager or similar position)
• Microsoft Office suite

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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