SAG-Senior Portfolio Manager-Virtual

Overview

This position is responsible for managing a portfolio of larger, highly complex, stressed banking relationships as part of the coverage team. Work includes reviewing updated financial statements, proactively monitoring exposures, and partnering with Credit Analysts and relationship teams to support workout and risk management strategies.

This role typically supports a portfolio in the Vertical group or the Upper Middle Market group within the Regions and is expected to contribute to deal team efforts, including very complex work out strategies and multiple large corporate/specialty business portfolio tasks.

Responsibilities

• Manage a portfolio of highly complex accounts in support of the Special Assets Director, Team Lead, and/or Workout Officers, using deep experience with credit analysis, loan review, and/or banking industry.
• Serve as a key point of contact for difficult credit relationships, including in sometimes confrontational situations.
• Review updated financial statements, perform proactive monitoring, and assess account and portfolio-level risk.
• Undertake industry and peer-group analysis to identify key industry drivers and incorporate findings into client-specific or industry-wide credit reports.
• Interact effectively with outside legal counsel and consultants.
• Manage the credit transactions process, including the approval process and coordination across involved internal groups, through processing details and changes into internal systems.
• Prepare, review, and negotiate transaction documentation, including loan documents, forbearance agreements, guarantees, and security documents.
• Participate in structuring work out strategies, including negotiations with potential and existing clients.
• Evaluate, book, and manage collateral relating to loans.
• Monitor ongoing business activities and financial performance of existing clients, including financial covenant monitoring.
• Implement risk management and compliance procedures in accordance with bank requirements and corporate policies.
• Contribute to the development of the credit evaluation methodology.
• Maintain appropriate client records and an archive of industry-wide and client-specific credit work.
• Handle large credit exposures, including the most complex loans and difficult foreign exchange, interest rate, and commodity derivatives.
• Demonstrate proper emotional intelligence under pressure of workout situations.
• Follow credit policy and underwriting standards for commercial loans, or make recommendations to the appropriate level of credit administration.
• Service the portfolio and manage outside contractors.
• Manage commercial portfolio risk on an ongoing basis by monitoring customer creditworthiness, adherence to contract loan terms, and general business conditions.
• Mentor Credit Analysts and more junior Portfolio Managers.

Requirements

• Bachelor’s degree or equivalent experience; degree in Accounting, Finance, or Economics preferred.
• Eight or more years of credit experience in commercial banking or the finance industry, or an advanced degree with five or more years of business-related experience.
• Strong professional credit and risk analysis skills.
• Professional presence; able to communicate effectively with clients, consultants, bank group members, and internal partners.
• Expertise in financial and risk analysis and effective problem solving.
• Experience managing an advanced commercial client portfolio with significant complexity and demonstrated problem-solving.
• Clear and articulate oral and written communication skills.
• Strong computer skills.
• Strong organizational skills.
• Strong emotional intelligence under pressure.
• Ability to work in a team environment.
• Results oriented; demonstrated ability to accomplish objectives within specified timeframes.
• Proficient in basic software applications, including Microsoft Word and Excel.
• Familiarity with bankruptcy law.
• Familiarity with internal bank applications (a plus).

Working Conditions

• Normal office environment with little exposure to dust, noise, temperature, and similar factors.
• Extended viewing of a CRT screen.
• Minimal travel required.

Compensation & Benefits

• Total base pay range: $96,500.00 - $207,500.00 USD annually.
• Eligible to participate in an incentive compensation plan, with payment based upon company, line of business, and/or individual performance.
• Comprehensive benefits programs supporting physical, financial, emotional, and social well-being.

Location

Grand Rapids, Michigan 49546

Employment Equity / Equal Opportunity

Committed to equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status, or any other legally protected status.