Special Credits Portfolio Manager

Hancock Whitney; New Orleans (LA); On-site; USD 90,000 - 130,000; Full time

Job summary

Hancock Whitney in New Orleans seeks a Special Credits Portfolio Manager 2 to support a team of Asset Managers by analyzing and underwriting criticized loan relationships promptly and per bank standards. Responsibilities include loan documentation and communicating with attorneys or clients.

The role requires a Bachelor's degree in a business-related field and 3+ years in credit analysis, with formal training; strong analytical and regulatory knowledge is essential.

Qualifications

• Bachelor's degree in Business Administration, Finance, Accounting, or related field.
• 3+ years of credit analysis experience with Credit Analysts/Underwriters or Relationship Managers.
• Formal credit training program or certificate completed.
• Experience assisting Senior Bank Officers with intermediate transactions.
• Knowledge of commercial and retail lending, underwriting, and regulatory guidelines.
• Experienced understanding of financial ratios and business principles.
• Ability to interpret personal and business tax returns and financial statements.
• Ability to communicate effectively orally and in writing in English.
• Ability to work with mathematical concepts and solve problems.

Responsibilities

• Partners with Special Credit Asset Managers.
• Supports and assists other Special Credit Portfolio Managers as workload dictates.
• Keeps informed of current economic conditions and legislation affecting lending.
• Works as a member of the Workout Delivery Team with AMs and Credit Officers.
• Underwrites extensions, modifications and renewals.
• Presents basic loan requests to Credit Officers as needed.
• Obtains financial statements and transactions to analyze credit requests.
• Tracks Loan Agreement Compliance and monitors loan status.
• Monitors and clears payment past dues with RM.
• Prepares risk rating scorecards and related forms.
• Completes due diligence by ordering appropriate reports.
• Conducts company, industry and market analyses for borrower credit quality.
• Reviews and approves legal documents for loan approvals.
• Ensures data protection per Bank guidelines.
• Performs other duties and special projects as assigned.

Skills

Credit analysis

Financial statement analysis

Risk assessment

Regulatory knowledge

Communication skills

Problem solving

Financial ratios

Banking products knowledge

Education

Bachelor's degree in Business Administration, Finance, Accounting

Job description

JOB FUNCTION / SUMMARY

The primary function Special Credits Portfolio Manager 2 is to support a team of Special Credit Asset Managers by analyzing and underwriting criticized loan relationships in a timely manner and in accordance to business and Bank Standards. Other responsibilities include loan documentation gathering and review, preparing correspondence to attorneys and/or clients, and other support functions as needed.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Partners with Special Credit Asset Managers.
• Supports and assists other Special Credit Portfolio Managers as team workload dictates.
• Keeps informed of current economic conditions and legislation which may affect customer relationships and the Commercial Line of Business.
• Works as a member of the Workout Delivery Team in conjunction with Special Credit Asset Manager, Credit Officer, etc.
• Works under direct supervision of a Special Credits Team Leader and as a partner with Asset Managers (AMs).
• Provides support in working with the AMs to structure and underwrite criticized loan requests.
• Underwrites extensions, modifications and renewals.
• Presents basic loan requests as needed to Credit Officers.
• Works directly with the Asset Managers to obtain all necessary financial statements and transaction information in order to analyze credit requests.
• Tracks Loan Agreement Compliance ensuring that relationships within their portfolio are monitored per the terms of the Loan Agreement.
• Monitors and works with RM to clear payment Past Dues.
• Prepare risk rating scorecards and related forms/reports to verify that ratings are accurately reflected and documented.
• Completes due diligence process by ordering appropriate reports.
• Conducts company, industry and market analyses to further assess borrower credit quality.
• Reviews and approves all legal documents, whether internally or externally prepared, to ensure accuracy and completing in accordance with loan approval.
• Tracks and resolves document exceptions related to closing and ongoing exceptions. Monitors credit status and quality of loans on a regularly scheduled basis, including assessment of current risk rating.
• Secures and safeguards all customer information according to Bank guidelines, including cash, customer account data, and other sensitive information.
• Participates in civic, community and industry activities as needed.
• Performs all other duties and special projects as assigned by Senior Management.
• Incumbent is required to comply with all applicable federal, state, and local banking and industry related laws and regulations including but not limited to the Bank Secrecy Act.

SUPERVISORY RESPONSIBILITIES

Responsible for the overall direction, coordination and evaluation of a team of associates, carries out supervisory responsibilities in accordance with the organization's policies and applicable laws; Responsibilities include interviewing, hiring, and training associates; planning, assigning, and directing work; appraising performance; rewarding associates and enforcing policy and procedure; addressing complaints and resolving problems.

MINIMUM REQUIRED EDUCATION, EXPERIENCE & KNOWLEDGE

• Bachelor's degree in Business Administration, Finance, Accounting, or a related field
• 3+ years of credit analysis experience and working with Credit Analysts/Underwriters and Relationship Managers or bankers
• Successful completion of a formal credit training program or certificate program
• Experience assisting Senior Bank Officers with a variety of intermediate level transactions
• Knowledgeable of commercial and retail lending services, documentation, underwriting, and regulatory guidelines
• Experienced understanding of financial ratios and business principles
• Knowledge of credit analysis and lending functions
• Ability to calculate financial ratios and apply basic business principles
• Experienced working knowledge of all bank products and services
• Ability to interpret personal and business tax returns and financial statements
• Ability to use sound logic to solve problems with effective solutions
• Ability to communicate effectively orally and in writing using the English language; ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations; ability to write reports, business correspondence, and procedure manuals; ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
• Ability to work with mathematical concepts such as probability and statistical inference; ability to apply concepts such as fractions, percentages, ratios and proportions to practical situations
• Ability to solve practical problems and deal with a variety of instructions furnished in written, oral, diagram, or schedule form

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS

• Ability to lift/move/carry approximately 25 pounds if required to perform the essential job functions. If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an "undue hardship" then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.
• Ability to work under stress and meet deadlines
• Ability to travel if required to perform essential job functions

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.