Commercial Portfolio Manager

Overview

This role supports the Commercial Lending Team by managing commercial loan portfolios within an assigned loan portfolio. The position includes both technical and administrative duties.

Where You Will Work

• Remote role open to candidates residing in Washington (WA) or Oregon (OR).
• Branch locations.
• Travel is not required.

Responsibilities

• Support Commercial Loan Officers in managing existing commercial credit relationships and partner on new relationship development.
• Serve as the primary point of contact for existing borrowing relationships.
• Manage relationships with existing borrowers and support Commercial Loan Officers with new relationship management.
• Partner with the commercial lending team to ensure timely annual reviews, document performance against covenants and conditions, and assist the CLO with monitoring and developing action plans for deteriorating credit relationships (e.g., watchlist reports, problem loan status reports).
• Collect updated information, analyze data, and create periodic loan review memorandums with risk upgrade or downgrade recommendations (with assistance from the CLO, as needed).
• Create, coordinate, and review annual review memorandums, property inspections, and commercial real estate evaluations for accuracy and to support approval recommendations.
• Underwrite, structure, and help document new loans or modifications to existing client relationships.
• Identify cross-sell opportunities and direct members to other services and products offered to meet business relationship needs.
• Perform all due diligence required, including review of financial, entity, legal, and other documents prior to credit submission to protect credit union resources.
• Support the CLO in managing the assigned portfolio by monitoring performance and trends, proactively defining credit relationship solutions, identifying issues and developing remediation, and providing underwriting and credit approval recommendations as designated.
• Support the CLO in developing and maintaining special reports as needed to monitor risk, realize opportunities, and aid in departmental and portfolio allocation and management.
• Help ensure the department adheres to all state/federal regulations, policies, and procedural guidelines; provide feedback on commercial lending policy and procedural updates and revisions; remain current on industry and market trends and changes to regulation.
• Perform all other duties as assigned.

Minimum Qualifications

• High School
• Minimum four (4) years’ loan underwriting experience, ideally in commercial underwriting and analysis within a financial institution.

Preferred Qualifications

• Experience with Abrigo Sageworks financial software (or equivalent).

Knowledge, Skills, and Abilities

• Working knowledge of commercial lending and deposit account procedures.
• Working knowledge of commercial and personal financial statement analysis.
• Working knowledge of credit approval and annual review memorandums.
• Working knowledge of commercial loan documentation.
• Knowledge and understanding of lending regulations.
• Consistently maintain high standards for accuracy, thoroughness, completeness, and orderly documentation.
• Strong interpersonal communication and negotiation skills to determine existing and potential members’ financial needs.
• Demonstrated customer service skills and ability to communicate professionally with members.
• Ability to organize work to give prompt attention to member requests and meet designated deadlines.
• Ability to interpret and explain credit union policies and transactions posted to members’ accounts.
• Ability to work effectively as part of a team and on individual tasks.

Compensation & Benefits

Pay Range

• Target annual pay range: $93,456 - $106,200
• Full annual pay range: $84,960 - $127,440
• Compensation decisions are based on relevant job-related skills, experience, and education or training. Individual qualifications are considered if an offer is made.
• In addition to salary, compensation incentives are available for the hired applicant. Incentives are performance based and targets vary by role.

Total Rewards (Full-Time Regular Benefits)

• Eligible for Full-Time Regular benefits (medical, dental, vision, and life insurance).
• Option for Medical, Dental, and Vision insurance paid at 100% by company for employee-only coverage.
• Health Care FSA (HCFSA)
• Health Savings Account (HSA) with employer contributions
• Dependent Care FSA (DCFSA)
• Life and AD&D insurance
• 401k plan enrollment available
• Paid time off: 8 hours vacation and 8 hours sick leave accrued monthly
• Paid holidays: 11 paid holidays throughout the calendar year (plus 1 floating holiday)
• Self-care time: 16 hours
• Volunteer time: 16 hours
• Benefits begin first of the month following date of hire (except 401k)
• 401k eligibility: first of the month following 60 days of employment

Additional Information

• This position is eligible for employment in the United States; the employer participates in E-Verify to confirm identity and employment eligibility of persons hired to work in the United States.
• The employer is an Affirmative Action and Equal Opportunity Employer. All qualified applicants receive consideration without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status, and without discrimination based on disability.

Compensation Transparency

Pay transparency notice and nondiscrimination postings apply.

Equal Opportunity Notices

Equal Opportunity Employer • Veterans/Disabled

Privacy and Application Data

Personal data submitted with applications is used for recruitment-related activities, such as setting up interviews and tests, evaluating results, and managing the hiring process, including sharing with a cloud services provider engaged to manage recruitment and hiring.