Special Assets Portfolio Manager

Shelby American, Inc.; Cincinnati (OH); On-site; USD 65,000 - 90,000; Full time

Job summary

A leading company within the financial sector seeks a Special Assets Portfolio Manager to oversee and manage commercial loan portfolios, ensuring compliance and adherence to regulations. The ideal candidate will have a bachelor’s degree in finance and 3-5 years of relevant experience, proficient in financial analysis and Microsoft 365. This opportunity also features competitive compensation and benefits, including generous holidays and comprehensive insurance coverage.

Benefits

Base compensation of $65,000-$90,000

13 paid holidays each year

Comprehensive insurance coverage

401(k) plan with up to 6% matching

Qualifications

• Bachelor's degree in Business Administration, Finance, or Accounting is required.
• 3-5 years of experience in relevant fields like commercial real estate or CUSOs.
• Strong proficiency in financial analysis and loan underwriting.

Responsibilities

• Manage and monitor a portfolio of watched and criticized commercial loans.
• Ensure compliance with underwriting guidelines and federal regulations.
• Communicate effectively with internal teams regarding portfolio status.

Skills

Financial statement analysis

Attention to detail

Analytical mindset

Time management

Communication skills

Organizational skills

Education

Bachelor of Business Administration, Finance, or Accounting

Tools

Microsoft 365 products

Job description

All Jobs > Special Assets Portfolio Manager

At Cooperative Business Services (CBS), we deliver premier commercial lending services and cutting-edge software solutions to financial institutions across the nation. Our expertise spans all property types, ensuring that we meet the diverse needs of our clients.

Our vision is to revolutionize financial partnerships, where institutions thrive and people flourish. This vision drives us to continually innovate and push the boundaries of what’s possible in the financial sector.

Our mission is clear: to empower financial institutions with innovative thinking and market-leading business solutions. We are committed to providing the tools and insights needed to navigate the complexities of the market, enabling our clients to achieve sustainable growth and success.

Currently, CBS is in an exciting growth period as we position ourselves for 2025 and beyond. Join us on this journey as we continue to transform the future of financial institutions.

Your Role in Our Success

The Special Assets Portfolio Manager is responsible for managing and monitoring a portfolio of watched and criticized commercial loans, ensuring compliance with Cooperative Business Services LLC (CBS), underwriting guidelines and adherence to NCUA, CFPB, and SBA regulations. Below are the areas of responsibilities that will help you thrive and succeed in this role:

• Collect and evaluate financial information from credit unions, borrowers, and referral sources for periodic reviews, renewals, modifications, forbearances, and risk rating assessments.
• Ensure the timely completion of annual and periodic reviews, line of credit renewals, and modifications (including rate, term, and amortization changes).
• Monitor loan maturities to ensure that loans do not exceed their maturity dates.
• Track compliance with property tax and insurance requirements for assigned loans.
• Send financial letters requesting updated financial information in accordance with the loan agreement, modification, and/or forbearance; this includes regularly following up with borrowers to ensure timely submission of financial information.
• Oversee the performance of assigned commercial loan portfolios, ensuring compliance with state and federal regulations and CBS policies.
• Maintain proactive communication with internal teams, including leadership, regarding portfolio status and pending reviews.
• Maintain a thorough understanding of CBS underwriting guidelines and procedures.
• Maintain core loan accounting systems, ticklers, and shared portals for reporting and tracking.

Requirements

What You Bring to the Table

• Bachelor of Business Administration, Finance, or Accounting required.
• 3-5 years of experience in commercial real estate, financial institutions, or Credit Union Service Organizations (CUSOs).
• Strong proficiency in financial statement analysis, tax return review, and loan underwriting.
• You work well independently and remotely with minimal supervision.
• You have strong attention to detail with accurate information processing and high-quality standards.
• You have excellent verbal and written communication skills for clear and effective collaboration.
• You have strong time management skills to prioritize tasks and meet deadlines.
• You have an analytical mindset to evaluate data, identify patterns, and develop insights.
• You have a team-oriented mindset with the ability to collaborate and coordinate across departments
• You have excellent organizational and time management skills, with the ability to handle multiple transactions simultaneously
• You are Proficient in Microsoft 365 products and credit spreading software

The Perks of Being with Us

At Cooperative Business Services, we believe in creating an environment where you can thrive both personally and professionally. Here’s what you can look forward to as a valued member of our team:

• Compensation: Base compensation for this role ranges from $65,000-$90,000
• Generous Holidays: Take advantage of 13 paid holidays each year
• Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company-paid Short-Term Disability (STD), Long-Term Disability (LTD), and life insurance equivalent to 1 time your salary.
• 401(k) Plan: The company provides a generous matching contribution of up to 6%.