VP, Portfolio Manager Lead

Axos Bank; San Diego (CA); On-site; USD 100,000 - 165,000; Full time

Benefits offered by this job

Medical Insurance

Dental Insurance

Vision Insurance

401(k) Match

Paid Vacation

HSA/FSA

Job summary

Axos Bank is seeking a VP, Portfolio Manager Lead to oversee a team of portfolio managers and analysts handling middle market and sponsor-backed cash flow lending relationships. You will drive credit quality, risk management, covenant compliance, and borrower relationships while aligning with credit policies and regulatory requirements.

You will partner with Originations, Underwriting, Credit Administration, Operations, and Legal to maintain a high-quality portfolio and support strategic growth.

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics
• Minimum 8-10 years of experience in commercial banking, leveraged finance, or credit risk management
• Minimum 3-5 years of leadership or team management experience
• Strong understanding of credit analysis, financial statement analysis, cash flow modeling, leverage metrics, covenant structures, and risk grading methodologies
• Experience with sponsor-backed middle-market or cash flow lending portfolios
• Knowledge of commercial lending policies and regulatory requirements
• Proven ability to lead teams and collaborate across functions
• Excellent communication and presentation skills
• Proficient with Microsoft Office and portfolio management systems

Responsibilities

• Lead and mentor a team of Portfolio Managers and Credit Analysts for cash flow lending relationships
• Oversee portfolio performance, credit quality, risk ratings, covenant compliance, and borrower performance
• Review financial statements, certificates, borrowing reports, and borrower reporting to identify risks
• Serve as escalation point for problem credits and portfolio exceptions
• Ensure timely completion of annual reviews, renewals, modifications, and risk assessments
• Partner with Relationship Managers, Originations, Underwriting, Credit Administration, and Legal to evaluate opportunities
• Monitor concentrations, exposure trends, and industry risks
• Review and approve credit memoranda and risk-rating recommendations
• Establish reporting, KPIs, and dashboards to track portfolio health
• Participate in credit committees, policy discussions, and audits
• Drive consistency in underwriting standards and risk management
• Identify process improvements for efficiency and oversight
• Support strategic growth with disciplined credit risk management

Skills

Credit analysis

Financial statement analysis

Cash flow modeling

Leverage metrics

Covenant structures

Risk rating methodologies

Regulatory knowledge

Leadership & collaboration

MS Office

Portfolio management systems

Education

Bachelor’s degree in Finance, Accounting, Business Administration, Economics

Tools

MS Office

Portfolio management systems

Job description

Axos Bank Target Range: $100,000.00/Yr. - $165,000.00/Yr. Actual starting pay will vary based on factors including, but not limited to, geographic location, experience, skills, specialty, and education. Eligible for an Annual Discretionary Cash Bonus Target: 12.5% Eligible for an Annual Discretionary Restricted Stock Units Bonus Target: 12.5% These discretionary target bonuses may be awarded semi-annually based upon your achievement of performance goals and targets.

About This Job

The VP, Portfolio Manager Lead is responsible for leading a team of Portfolio Managers and Analysts supporting a portfolio of middle market and sponsor-backed cash flow lending relationships. This role provides oversight of portfolio monitoring, credit quality, risk management, covenant compliance, and ongoing borrower relationship management while ensuring adherence to the Bank’s credit policies and regulatory requirements. The VP, Portfolio Manager Lead serves as a key partner to Originations, Credit Administration, Underwriting, Operations, and senior leadership to maintain a high-quality portfolio and support strategic growth initiatives. This description incorporates responsibilities commonly reflected in internal portfolio management leadership roles and cash flow credit oversight functions.

Responsibilities

• Lead, mentor, and develop a team of Portfolio Managers and Credit Analysts responsible for ongoing management of cash flow lending relationships
• Oversee portfolio performance, credit quality, risk ratings, covenant compliance, and borrower financial performance
• Review financial statements, compliance certificates, borrowing reports, and other borrower reporting to identify emerging risks and recommend corrective actions
• Serve as the primary escalation point for problem credits, covenant breaches, and portfolio exceptions
• Ensure timely completion of annual reviews, renewals, modifications, amendments, waivers, and periodic risk assessments
• Partner with Relationship Managers, Originations, Underwriting, Credit Administration, and Legal teams to evaluate new opportunities and manage existing relationships
• Monitor portfolio concentrations, exposure trends, industry risks, and early warning indicators
• Review and approve credit memoranda, risk-rating recommendations, amendments, and portfolio management decisions within delegated authority
• Establish portfolio reporting, key performance indicators, and management dashboards to track portfolio health and team performance
• Participate in credit committee presentations, policy discussions, regulatory examinations, and internal audits
• Drive consistency in underwriting standards, portfolio management practices, and risk management procedures across the team
• Identify and implement process improvements to enhance efficiency, reporting accuracy, and portfolio oversight
• Support strategic growth initiatives while maintaining disciplined credit risk management

Qualifications

• Bachelor’s degree in Finance, Accounting, Business Administration, Economics, or a related field
• Minimum 8-10 years of experience in commercial banking, leveraged finance, cash flow lending, portfolio management, or credit risk management
• Minimum 3-5 years of leadership or team management experience
• Strong understanding of commercial credit analysis, financial statement analysis, cash flow modeling, leverage metrics, covenant structures, and risk grading methodologies
• Experience managing sponsor-backed, middle market, leveraged finance, or cash flow lending portfolios
• Demonstrated ability to evaluate complex credit structures and identify emerging credit risks
• Strong knowledge of commercial lending policies, regulatory requirements, and credit documentation
• Proven ability to lead teams, influence stakeholders, and collaborate across multiple functions
• Excellent verbal, written, analytical, and presentation skills
• Advanced proficiency in Microsoft Office applications and portfolio management systems
• Completion of a formal credit training program is preferred

Axos Employee Benefits May Include:

• Medical, Dental, Vision, and Life Insurance
• Paid Sick Leave, 3 weeks’ Vacation, and Holidays (about 11 a year)
• HSA or FSA account and other voluntary benefits
• 401(k) Retirement Saving Plan with Employer Match Program and 529 Savings Plan
• Employee Mortgage Loan Program and free access to an Axos Bank Account with Self-Directed Trading

About Axos

Born digital-first, Axos delivers financial tools and services that allow individuals, small businesses, and companies to access and manage their money how, when, and where they want. We’re a diverse team of dynamic, insightful, and independent innovators who are excited to provide technology-driven solutions that offer unbeatable value to our customers. Axos Financial is our holding company and is publicly traded on the New York Stock Exchange under the symbol "AX" (NYSE: AX). Learn more about working at Axos

Pre-Employment Background Check and Drug Test

All offers are contingent upon the candidate successfully passing a credit check, criminal background check, and pre-employment drug screening, which includes screening for marijuana. Axos Bank is a federally regulated banking institution. At the federal level, marijuana is an illegal schedule 1 drug; therefore, we will not employ any person who tests positive for marijuana, regardless of state legalization.

Equal Employment Opportunity

Axos is an Equal Opportunity employer. We are committed to providing equal employment opportunities to all employees and applicants without regard to race, religious creed, color, sex (including pregnancy, breast feeding and related medical conditions), gender, gender identity, gender expression, sexual orientation, national origin, ancestry, citizenship status, military and veteran status, marital status, age, protected medical condition, genetic information, physical disability, mental disability, or any other protected status in accordance with all applicable federal, state, and local laws.

Job Functions and Work Environment

While performing the duties of this position, the employee is required to sit for extended periods of time. Manual dexterity and coordination are required while operating standard office equipment such as computer keyboard and mouse, calculator, telephone, copiers, etc. The work environment characteristics described here are representative of those an employee may encounter while performing the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions of this position.

E-Verify and Right to Work Notices

Axos participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States. The E-Verify program is an internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. IER Right to Work Poster (English/Spanish) E-Verify Participation Poster (English/Spanish)

Our Team

We’re a team of relentless innovators that are challenging the status quo through smart, pro-consumer financial products and services. We got our start in 2000, as an online bank – when the idea of banking online was almost unthinkable. Since then, we’ve evolved to add commercial banking, commercial lending, investment, clearing, and fiduciary services to our toolbox. As modern life continues to present new challenges for clients, we step up and find creative ways to solve them.