Special Assets Portfolio Manager

Eagle Bancorp, Inc.; Bethesda (MD); On-site; USD 91,972 - 151,186; Full time

Job summary

EagleBank is seeking a Special Assets Portfolio Manager in Bethesda to oversee portfolio assets, underwrite loans, and support Workout Liquidation Officers. The role involves securing collateral, processing modifications, and coordinating with loan servicing and external partners.

Ideal candidates have strong credit/underwriting knowledge, writing skills, and experience in portfolio management, with autonomous work capabilities and MS Office proficiency.

Qualifications

• Bachelor’s Degree in Business/Finance or related field.

Responsibilities

• Assists workout officers with workouts and liquidations.
• Underwrites all credit modifications and extensions on workout deals; prepares LMMs for workout officers.
• Orders Credit Requests as needed (analysis, spreads, credit reports).
• Ensures loan collateral is perfected.
• Works with Workout Liquidation Officer and Loan Servicing to monitor portfolio performance.
• Maintains timeliness and accuracy of underwriting and documentation.
• Renews all credit facilities in the portfolio.
• Contacts borrower and prepares approval packages.
• Creates default, acceleration, demand and set-off letters.
• Coordinates with third parties (appraisers, attorneys, title companies).
• Prepares quarterly MCRC reports.
• Participates on calls with existing clients.

Skills

Writing skills

Strong communications

Credit risk knowledge

MS Office proficiency

Education

BA/BS in Business or Finance

MA/MS or MBA (preferred)

Tools

Bank loan docs systems

Job description

Overview

We are a values driven organization putting Relationships FIRST. EagleBank (NASDAQ – EGBN) is focused on being Flexible, Involved, Responsive, Strong, and Trusted. By prioritizing meaningful connections with our customers, employees, and shareholders, we relentlessly deliver the most compelling, valuable service to our customers.EagleBank is committed to inclusion, equity, and respect. We celebrate diversity and intentionally seek out opportunities to learn from one another’s experience. We believe employees are essential to the building of relationships and we prioritize investing in employee growth and wellbeing. Employee involvement is fostered through resource groups, mentorship programs, community service, and scholarship opportunities for continued education. With features including maternity and parental leaves, wellness discounts, healthcare premium sharing, employer funding in your HSA account, and 100% 401(k) matching up to 4%, we pride ourselves in the ways we support our internal relationships. The minimum and maximum projected annualized salary for this position is: $91,972.00 to $151,186.80. Additional compensation may be possible based on experience and skills.

Responsibilities

Under limited supervision, the Special Assets Portfolio Manager manages portfolio assets, underwrites loans and works with existing clients in support of one or more Workout Liquidation Officers. Facilitates existing credit underwriting for modifications and extensions. Works with Workout team to clear past dues, clear exceptions, review loan advances or pay downs and review borrowing bases.

• Assists workout officers with workouts and liquidations.
• Underwrites all credit modifications and extensions on workout deals; prepare LMM’s for workout officers.
• Ordering Credit Requests as needed (analysis, spreads, credit reports from Credit).
• Ensure loan collateral is perfected.
• Works with Workout Liquidation Officer, Loan Servicing and other Bank departments as needed to monitor and maintain portfolio performance.
• Maintain timeliness and accuracy of credit underwriting and documentation, including systems’ maintenance
• Renews all credit facilities in the assigned portfolio.
• Contacts borrower (Owner, Principal, Controller, CFO, or CEO, depending on the size of the Company), spreads financials, writes approval memo, and puts together approval package.
• Creates default, acceleration, demand and set-off letters.
• Collects information, prepares term sheet, may work with the Credit Group in underwriting the transaction if unable to complete in SAG.
• Coordinates with third parties (appraisers, attorneys, title companies) as needed.
• Works with team on past dues, exceptions, overdrafts, reviewing and signing off on advances and borrowing bases; creates, reviews and approves loan payoffs in coordination with workout officers.
• Prepares Quarterly MCRC Reports.
• Participates on phone calls with existing clients.
• Work closely with Portfolio Administrator in support of workout officer.

Qualifications

Requirements:

• Bachelor’s Degree in Arts/Sciences (BA/BS) in Business, Finance or related field
• Formal or in-house credit training
• 3 years commercial credit or analysis
• 3 years experience in portfolio management and commercial underwriting including structuring and pricing loan transactions Must be proficient in evaluating commercial credit risk and acute understanding of the components of commercial loan documents Must be able to work autonomously with minimal oversight
• Bank Loan Documentation and Management Systems
• Proficient understanding of all aspects of commercial loan documents
• Proficient in evaluating commercial credit risk
• Excellent writing skills'
• Strong comminications skills
• Strong credit/underwriting knowledge
• Intermediate skill level MS Office products

Preferences:

• Master’s degree in Arts/Sciences (MA/MS) or MBA

Don't meet all the requirements? We encourage you to still apply if you think you are the right person to join our community. We are always interested connecting with people inspired by our mission and values. If you aren't hired for this position, your resume will remain available for the next year and might be considered for future openings. Note: You can update your resume as often as needed.