SAG-Senior Portfolio Manager-Virtual

Overview

The Special Assets Senior Portfolio Manager is a key member of the coverage team, responsible for managing a portfolio consisting of larger, highly complex, stressed banking relationships. This role involves reviewing updated financial statements, proactively monitoring accounts, and partnering with Credit Analysts and Relationship Managers.

This position typically supports the Vertical group or the Upper Middle Market group within the Regions and contributes to deal teams by managing very complex work out strategies and multiple large corporate and specialty business portfolio tasks. The role includes making recommendations on appropriate credit structures, pricing, and ensuring workout strategies align with credit and risk policy.

The Special Assets Senior Portfolio Manager will also develop client-specific knowledge, including unique credit arrangements and industry complexities, and will interact with clients to understand performance and proactively identify potential risks at both the account and portfolio level.

Responsibilities

• Accountable for managing 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 knowledge.
• Manage client relationships for some of the most difficult credit relationships, including in sometimes confrontational situations.
• Review updated financial statements and proactively monitor portfolio performance.
• Partner with Credit Officers and relationship teams, and use client and internal team input (including guidance from the CO and SCO) to assess the appropriateness of existing strategies and contribute to formulation of future strategies.
• Undertake industry and peer group analysis to identify key industry drivers and assess how they affect individual market participants; factor findings into client-specific or industry-wide credit reports.
• Affectively interact with outside legal counsel and consultants.
• Manage the credit transactions process, including communicating with various involved groups for complex transactions and arranging 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 workout 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 appropriate emotional intelligence under pressure during workout situations.
• Follow credit policy and structures to underwrite 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 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.
• Highly professional credit and risk analysis skills.
• Professional presence with ability to communicate effectively with clients, consultants, bank group members, and internal partners.
• Expertise in financial and risk analysis with effective problem-solving skills.
• Experience managing an advanced commercial client portfolio with significant complexity.
• Clear and articulate oral and written communication skills.
• Strong computer skills.
• Strong organizational skills.
• Strong emotional intelligence under pressure.
• Teamwork mindset.
• Results-oriented with demonstrated ability to accomplish objectives within specified timeframes.
• Proficient in basic software applications such as Microsoft Word and Excel.
• Familiarity with bankruptcy law.
• Familiarity with internal applications is a plus.

Preferred Qualifications

• Degree in Accounting, Finance, or Economics preferred.

Compensation & Benefits

• Total Base Pay Range: $96,500.00 - $207,500.00 USD Annual.
• Base salary reflects the range of salary levels for roles within this pay grade across the U.S.; individual salaries vary based on factors such as role, relevant skillset, relevant experience, education, and geographic location.
• Eligible to participate in an incentive compensation plan; any payment is based upon company, line of business and/or individual performance.
• Comprehensive benefits programs designed to support physical, financial, emotional, and social well-being.

Location

Grand Rapids, Michigan 49546

SAG-Senior Portfolio Manager-Virtual

Working Conditions

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