SAG-Senior Portfolio Manager-Virtual

Overview

This role is part of the Special Assets coverage team and is directly accountable for managing a portfolio of larger, highly complex, stressed banking relationships. Responsibilities include reviewing updated financial statements, proactively monitoring exposures, and partnering with Credit Analysts and Relationship Managers.

The Special Assets Senior Portfolio Manager typically supports portfolios in the Vertical group or the Upper Middle Market group within the regions, and contributes to deal execution and work out strategy development for complex corporate and specialty business portfolios.

Responsibilities

• Manage a portfolio of highly complex accounts in support of the Special Assets Director, Team Lead, and/or Workout Officers, leveraging deep experience in credit analysis and loan review.
• Serve as a point of contact for difficult credit relationships, including in confrontational situations.
• Analyze industries and relevant peer groups to identify key industry drivers and assess their impact on individual market participants; incorporate findings into client-specific or industry-wide credit reports.
• Effectively interact with outside legal counsel and consultants.
• Manage the credit transactions process end-to-end, including the approval process; coordinate communications with involved groups (including different product groups on complex transactions); and ensure processing of transaction 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 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 development of the organization’s credit evaluation methodology.
• Maintain appropriate client records, including 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 work out situations.
• Follow credit policy and structures to underwrite commercial loans or make recommendations to the appropriate level of credit administration.
• Service portfolios 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.
• Professional presence and 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 a high degree of complexity.
• 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 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 is a plus.

Preferred Qualifications

• Degree in Accounting, Finance or Economics.
• Experience with the specifics of clients being supported, including unique credit arrangements and industry complexities.

Compensation & Benefits

• Total Base Pay Range: 96,500.00 - 207,500.00 USD Annual
• Eligible to participate in an incentive compensation plan. Any incentive payment is based on 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 similar conditions.
• Extended viewing of a CRT screen.
• Minimal travel required.

Equal Employment Opportunity

The employer is committed to providing 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.