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 of larger, highly complex, stressed banking relationships. This role involves reviewing updated financial statements, proactively monitoring accounts, and partnering with Credit Analysts and SAG Relationship Managers.

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

Responsibilities

• Manage a portfolio of highly complex accounts in support of the Special Assets Director, Team Lead, and/or Workout Officers, applying deep experience in credit analysis and loan review.
• Serve as a primary point of contact for some of the most difficult credit relationships, including in potentially confrontational situations.
• Analyze industries and relevant peer groups to identify key industry drivers and determine how they affect individual market participants; factor findings into client-specific or industry-wide credit reports.
• Interact effectively with outside legal counsel and consultants.
• Manage the credit transactions process, including approvals, coordination with involved groups (including different product groups on complex transactions), and arranging processing of details and changes into internal systems.
• Prepare, review, and negotiate transaction documentation, including loan documents, forbearance agreements, guarantees, and security documents.
• Participate in the structuring of work out strategies, including negotiations with potential and existing clients.
• Evaluate, book, and manage collateral related to loans.
• Monitor ongoing client business activities and financial performance, including financial covenant monitoring.
• Implement risk management and compliance procedures in accordance with bank requirements and corporate policies.
• Contribute to the development of the bank’s 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 emotional intelligence under pressure during workout situations.
• Follow credit policy, structures, and underwriting requirements for commercial loans, or make recommendations to the appropriate level of credit administration.
• Service the portfolio and 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.

Qualifications

• 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.
• Highly professional credit and risk analysis skills.
• Ability to communicate effectively with clients, consultants, bank group members, and internal partners.
• Expertise in financial and risk analysis and strong problem-solving ability.
• Experience managing an advanced commercial client portfolio with significant complexity.
• Clear, articulate oral and written communication skills.
• Strong computer skills; proficient in Microsoft Word and Excel.
• Strong organizational skills.
• Strong emotional intelligence under pressure.
• Demonstrated teamwork.
• Results-oriented with the ability to accomplish objectives within specified timeframes.
• Familiarity with bankruptcy law.
• Familiarity with internal bank applications is a plus.

Compensation & Benefits

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

Location

• Grand Rapids, Michigan 49546

Working Conditions

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

Equal Employment Opportunity

Equal employment opportunity is provided in accordance with applicable law.