Overview
The organization is seeking a Team Lead, Portfolio Management. This position is a Connected Mobile Work Environment position.
Responsibilities
- Provide management and day-to-day supervision of the SBA and Portfolio Management Team, including hiring, coaching, performance reviews, establishing and tracking KPIs/KRIs, and terminations.
- Ensure staff is fully trained, cross-training is provided, collaboration and teamwork are reinforced, and ongoing training opportunities are offered.
- Manage a portfolio of existing credit relationships, ensuring credit quality, soundness of risk ratings, condition of credit files, and adherence to bank loan policy and regulatory guidance.
- Apply strong knowledge of credit risk management practices and the regulatory loan risk rating scale; identify and escalate recommendations for changes.
- Complete and document a defined number of loan reviews each quarter for all loans in the portfolio classified in regular servicing status, including preliminary evaluation of financial records.
- Prepare internal documentation to memorialize material changes to the loan since approval (as applicable).
- Demonstrate expertise in structuring and negotiating loan agreements, including managing and resolving workout and distressed credit situations to maximize recovery and mitigate risk.
- Oversee loan presentations or quarterly reviews for the chief credit officer and/or loan committee.
- Partner with the chief credit officer in preparation for loan committee review.
- Respond to customer inquiries, credit requests, and servicing requests in a timely manner, consistent with the Small Business Administration’s SOP 50 57 (4) and bank loan policy.
- Proactively identify cross-selling opportunities through borrower interactions to promote bank lending and deposit products and drive relationship growth and portfolio production.
- Review daily reports of delinquent loans and take affirmative action to collect payments on past-due accounts to reduce delinquency and non-performing loans.
- Document customer communications (written and verbal) in designated record-keeping platforms.
- Conduct reviews of existing loans for compliance, quality, covenant, and exception monitoring, taking timely action for risk rating upgrades/downgrades.
- Monitor delinquent real estate tax reports.
- Monitor insurance requirements associated with the loan and determine whether force-placed insurance is appropriate.
- Review documentation generated by SBA and Senior Portfolio Managers and assist with modifications needed prior to execution.
Requirements
- Occasionally lift and/or move up to 10 lbs.
- Literacy in English.
- Ability to sit for extended periods of time; twist, bend, sit, walk; use hands to twist, handle, or feel objects/tools/controls (such as computer mouse, keyboard, calculator, stapler, telephone, staple puller, etc.); reach with hands and arms; balance, stoop, and kneel; talk or hear.
- Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception, and the ability to adjust focus.
Qualifications
- Bachelor’s degree (B.A.) or equivalent from a four-year college or technical school; or four years related experience and/or training; or equivalent combination of education and experience.
- 6+ years relevant portfolio management experience.
- Strong analytical skills, including ability to read and assess individual and company financial statements, cash flow, industry, competition, and projections.
- Strong knowledge of basic banking products and commercial lending products, with ability to match solutions with borrowers.
- Excellent process management and improvement skills.
- Ability to set and monitor KPIs and KRIs.
- Excellent leadership skills and excellent communication skills (oral and written).
- Excellent team management skills.
- Ability to perform job responsibilities with minimal direction; strong presentation and written/verbal communication skills.
- Ability to work independently and within a team.
- Detail-oriented; ability to multi-task and prioritize work to meet deadlines.
- Excellent organizational skills.
- Adaptable to changing job requirements and responsibilities.
Compensation & Benefits
- Estimated annual salary: $115,000 – $135,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.
- Employee Stock Ownership Plan & 401k Plan
- Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
- 12-week Paid Parental Leave and Medical Leave, with a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child
- $5,000 Family Care Reimbursement (Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance, Health Insurance Premiums)
- PTO from 13 to 23 days depending on tenure, with cashout and carryover options
- 10 Days Sick Time
- 11 Paid Holidays
- 4 Days Volunteer Time
- 2 Days Self Allowance Time
- Tuition Assistance
Benefits may vary for part-time positions.
Equal Opportunity Employer
The organization is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, creed, religion, sex, marital status, familial status, sexual orientation, national origin, age, disability, veteran’s status, status with regard to public assistance, or any other class protected by federal, state, or local laws governing nondiscrimination in employment.