SAG-Senior Portfolio Manager-Virtual

Overview

This role is responsible for managing a portfolio of larger, highly complex, stressed banking relationships within the Special Assets coverage function. Responsibilities include reviewing updated financial statements, proactively monitoring exposures, and partnering with Credit Analysts and SAG Relationship Managers to support work out strategies and client credit needs.

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 and/or loan review.
• Serve as the primary point of contact for some of the most difficult credit relationships, including situations that may be confrontational.
• Analyze industries and relevant peer groups to identify key industry drivers and assess how those drivers affect individual market participants; ensure findings are reflected in client-specific or industry-wide credit reports.
• Effectively collaborate with outside legal counsel and consultants.
• Manage the credit transaction process from the approval process through internal coordination and processing of transaction details/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 related 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.
• Handle large credit exposures, including the most complex loans and difficult foreign exchange, interest rate, and commodity derivatives.
• Demonstrate proper emotional intelligence under pressure in work out situations.
• Follow credit policy to underwrite 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.

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.
• Strong ability to communicate effectively with clients, consultants, bank group members, and internal partners.
• Expertise in financial and risk analysis and effective problem solving.
• Demonstrated experience managing an advanced commercial client portfolio with a high level of complexity.
• Clear and articulate oral and written communication skills.
• Strong computer skills.
• Strong organizational skills.
• Strong emotional intelligence under pressure.
• Ability to work as part of a team.
• Results-oriented with demonstrated ability to accomplish objectives within specified timeframes.
• Proficiency in basic software applications, including Microsoft Word and Excel.
• Familiarity with bankruptcy law.
• Familiarity with internal bank applications (preferred).

Preferred Qualifications

• Degree in Accounting, Finance, or Economics.
• Familiarity with internal bank applications.

Compensation & Benefits

• Total Base Pay Range: $96,500.00 - $207,500.00 USD annual.
• Base salary will vary by factors including role, relevant skillset, relevant experience, education, and geographic location.
• Eligible to participate in an incentive compensation plan, with payment based upon company, line of business and/or individual performance.
• Comprehensive benefits programs covering 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 similar conditions.
• Extended viewing of a CRT screen.
• Minimal travel required.

Equal Employment Opportunity

The employer is an equal employment opportunity organization and promotes 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.

Additional Information

• This role is listed as Virtual (SAG - Senior Portfolio Manager - Virtual).
• No unsolicited resumes from search firms or staffing agencies unless there is an active agreement with the employer.