Senior Portfolio Manager - Public Finance

PlainsCapital Bank; Dallas (TX); On-site; USD 120,000 - 170,000; Full time

Job summary

PlainsCapital Bank seeks a Public Finance Portfolio Manager to independently underwrite and manage a complex portfolio of governmental, institutional, and non-profit relationships. The role partners with relationship teams and senior leadership to develop credit strategies that support growth and risk management, while coordinating with cross-functional teams to offer financial solutions.

Responsibilities include underwriting annual reviews, covenant testing, pricing strategy input, and client

Qualifications

• Bachelor's degree in Business or related field; MBA preferred
• Minimum 5 years in portfolio/relationship management for governmental, institutional or non-profit entities
• Formal commercial credit training or similar program preferred
• Experience with fund accounting principles and analysis
• Rating agency experience (S&P, Moody's, Fitch) preferred
• Strong knowledge of municipal bond market structures and trends
• Ability to coach and mentor junior staff
• Understanding of financial theory as applied to borrower/issuer credit, especially municipal finance
• Proven ability to lead client relationship development and portfolio growth
• Willingness to travel to develop/maintain relationships
• Ability to work after hours or weekends
• Excellent written and verbal communication
• Strong MS Office skills and ability to use custom applications
• Excellent analytical, time management, and organizational skills
• Self-motivated with initiative and attention to detail
• Ability to interface with senior management

Responsibilities

• Directly manages a portfolio including complex public finance relationships
• Collaborates with Relationship Managers and Credit Officers on transaction structuring
• Reviews credit memos for accuracy, risks, and recommendations
• Supports loan approvals through presentations to Senior Credit Officers
• Manages modifications and renewals with proper approvals
• Identifies emerging credit risks and mitigation strategies
• Engages in relationship development with clients and municipal advisers
• Cross-sells bank products and services to deepen client relationships
• Maintains up-to-date knowledge of bank policies and market trends
• Participates in training and development initiatives
• Other duties as required

Skills

Credit underwriting

Portfolio management

Financial statement analysis

Client relationship management

Risk assessment

Municipal finance knowledge

Education

Bachelor's degree in Business/Finance

MBA preferred

Tools

Microsoft Excel

CRM systems

Job description

The Public Finance Portfolio Manager with PlainsCapital Bank is responsible for independently underwriting and managing a complex portfolio of public finance relationships, including governmental, institutional, and non-profit entities. This role serves as a strategic partner to the relationship team as well as senior leadership, contributing to the development and execution of credit strategies that support the Bank’s growth and risk management objectives. In addition to managing credit exposure, the Senior Portfolio Manager plays a key role in client engagement, collaborating with cross-functional teams to deliver comprehensive financial solutions. This includes identifying opportunities for deposit growth, treasury services, and other Bank products and services that enhance client value and deepen relationships.

Responsibilities

• Directly manages a portfolio, including complex public finance relationships. Portfolio management responsibilities include gathering, analyzing and testing financial data collected for the purpose of monitoring the loan relationship while performing portfolio management tasks including the underwriting of annual reviews and renewals, completing covenant testing verifications, managing reporting and documentation exceptions, and ensuring the loan portfolio is accurately risk rated.
• Serves as the liaison within the public finance division assuring new business activities are prioritized while portfolio management responsibilities are managed in accordance with Bank policies.
• Reviews credit approval presentations of junior Portfolio Managers and Credit Analysts, focusing on the accuracy of the data and analysis, ensuring all risks are identified and mitigated, and ensuring a structure is in place to appropriately govern the credit based on the risk profile.
• Partners with Relationship Managers and Credit Officers to structure sophisticated transactions that balance client needs with the Bank’s risk appetite.
• Advises on transaction pricing strategies to optimize risk-adjusted returns and support overall portfolio profitability.
• Authors and reviews complex credit memos, ensuring thorough analysis of issuer/borrower financials, credit enhancement strength, transaction structure, risk mitigants, and strategic recommendations.
• Supports Relationship Managers in guiding credit requests through the approval process, including participating in presentations to Senior Credit Officers and Loan Committees.
• Manages loan modifications and renewals, ensuring appropriate approvals and documentation are obtained in a timely manner.
• Identifies emerging credit risks within the portfolio, recommending strategic interventions to preserve asset quality and minimize loss exposure.
• Engages in client interactions, participating in relationship development efforts, client meetings, and deal negotiations alongside Relationship Managers.
• Builds relationships with municipal advisors, municipal underwriters, placement/solicitation agents, and bond counsels.
• Maintains working knowledge of Bank products, services, departments; consults with Relationship Managers on cross-sell opportunities.
• Actively participates in and complete all assigned training and development sessions/initiatives.
• Other duties as required.

Qualifications

• Bachelor’s degree in Business related field required. Strong preference for Finance or Accounting major or concentration. MBA preferred.
• Minimum 5 years experience in a portfolio or relationship management role serving governmental, institutional, and non-profit entities.
• Completion of formal commercial credit training or similar program strongly preferred.
• Experience and strong working knowledge of fund accounting principles and analysis.
• Rating agency experience preferred (S&P, Moody’s, or Fitch).
• Strong understanding of municipal bond market structures and trends.
• Ability to coach and mentor junior staff.
• Demonstrated comprehension of the application of financial theory to borrower/issuer credit worthiness with solid understanding of municipal finance private placement loan structures.
• Demonstrated ability to lead client relationship development and portfolio growth strategies
• Ability to travel as needed to help develop and maintain customer and prospect relationships.
• Ability to work after Bank operating hours and/or on the weekend.
• Excellent verbal, written and interpersonal communication skills.
• Excellent PC skills, including word processing and spreadsheets via Microsoft Office products as well as custom applications and systems.
• Excellent analytical, time management, organizational and problem-solving skills with the ability to multi-task and work in a deadline-driven environment.
• Must be self-motivated with strong initiative, accountability, and attention to detail.
• Ability to interface effectively and professionally with senior/executive level management.

The above statements are intended to describe the general nature and level of work being performed by individuals in, or assigned to, the above position and are not intended to be construed as an exhaustive list of all responsibilities, duties and skills required, and may be changed at the discretion of the Company.

About Us

PlainsCapital Bank was founded in 1988 by a group of young bankers who dreamed of bringing relationship banking to their hometown of Lubbock, Texas. With the acquisition of Plains National Bank, a Lubbock financial institution with one branch and approximately $198.8 million in assets, they began growing the bank one relationship at a time.

Over 30 years later, PlainsCapital Bank has held fast to its tried-and-true relationship-based culture and its commitment to financial strength and stability. PlainsCapital Bank ranks sixth among the largest banks headquartered in Texas by deposits and has a statewide presence with approximately 55 locations in markets such as Austin, the Coastal Bend, Dallas, Fort Worth, Houston, Lubbock, the Rio Grande Valley, and San Antonio. Backed by decades of experience, our knowledgeable bankers are renowned for their straightforward approach and for taking exceptional care of their clients. They bring both financial and industry expertise along with vast local market knowledge to each client relationship.

PlainsCapital Bank conducts both commercial and consumer banking, providing a full suite of commercial banking products and services to fit any business model and convenient services, personal attention, and account features to help simplify managing personal finances.

PlainsCapital Bank continues to remain strong and stable, delivering highly personalized service and a single point of contact to help customers reach their financial goals.

To learn more, please visit us online at plainscapital.com/about .