SAG-Senior Portfolio Manager-Virtual

Overview

This role is a key member of the coverage team, responsible for managing a portfolio consisting of larger, highly complex, stressed banking relationships. The Special Assets Senior Portfolio Manager provides oversight through review of updated financial statements, proactive monitoring, and ongoing interaction with Credit Analysts and SAG Relationship Managers.

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

The Senior PM also develops expertise in the specifics of the clients being supported, including unique credit arrangements and industry complexities, and interacts with clients to understand current 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, leveraging deep experience with credit analysis and loan review.
• Serve as primary client contact for difficult credit relationships, including in sometimes confrontational situations.
• Review updated financial statements and conduct proactive monitoring of assigned accounts.
• Perform analysis of relevant industries and peer groups to identify key industry drivers and incorporate findings into client-specific or industry-wide credit reports.
• Effectively interact with outside legal counsel and consultants.
• Manage the credit transactions process, from approval through coordination across involved groups (including different product groups on complex transactions) to 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 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 development of the bank’s credit evaluation methodology.
• Maintain appropriate client records and an archive of industry-wide and client-specific credit work.
• Manage large credit exposures involving the most complex loans, difficult foreign exchange, interest rate, and commodity derivatives.
• Demonstrate emotional intelligence under pressure during work out situations.
• Follow credit policy to structure and 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 credit-worthiness, 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.
• Highly 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.
• Teamwork skills.
• Results oriented; demonstrated ability to accomplish objectives within a specified timeframe.
• Proficient in basic software applications including Microsoft Word and Excel.
• Familiarity with bankruptcy law.

Preferred Qualifications

• Familiarity with the bank’s internal applications.

Compensation & Benefits

• Total Base Pay Range: $96,500.00 - $207,500.00 USD Annual
• This role is eligible to participate in an incentive compensation plan, with any 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

Working Conditions

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

Additional Information

• Minimal Travel Required.
• Virtual (SAG-Senior Portfolio Manager-Virtual)
• No unsolicited resumes: attention search firms and staffing agencies—do not submit unsolicited resumes for this posting.