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Portfolio Manager I

POSITION SUMMARY

Under general direction, this position’s primary responsibilities include all aspects of portfolio management as relates to assigned portfolio loans together with the cross selling of Bank products and services.  Additional responsibilities will include the preparation of comprehensive Loan Offering Analyses that evaluate the prospective financing properties, incorporating complex underwriting to include cash flow analysis, project economics and valuation, guarantor analysis, market analysis and recommendation.  The loan analyses include both commercial loan and commercial permanent owner occupied mortgages or commercial construction and commercial permanent mortgages.  

 

MAJOR JOB RESPONSIBILITIES

      

  • Monitor maturities and past dues.
    • Gather package to submit maturing loans to underwriting and discuss any changes in terms with RM prior to submission
    • Work with RM to reach out to Borrowers who have past due payments.  If the delinquency will not be cured by month end, alert PM TL and RM TL for possible change in credit quality.
  • Monitor daily RIP items, work with RM to determine a decision, obtain required approval per Loan Policy, and enter decision into RIP workbook by 1pm.
  • Calculate covenant compliance of the C&I portfolio that will be reviewed with RM and PM TL.
    • If in compliance send through Adobe for signature.
    • Prepare Covenant Waiver in CQ if not met.
  • Prepare financial request letter, monitor receipt with follow up on missing items, and review financials within 10 days
    • Work with RM to follow up on missing items
    • Send to Lending Specialist to be scanned into VC and tickler to be updated.
    • Alert RM and PM TL if a 3rd request letter is being sent out for possible change in credit quality.
  • Prepare for Ardmore Reviews including reviewing Vision Content and Ticklers for accuracy
  • Review and input monthly Borrowing Bases into Horizon and provide copy of certificate and backup that has been signed off to the Lending Specialist to be scanned into VC and tickler updated.
  • Review and submit capex line advances to closers for funding.
    • Work with RM to have any required documentation executed.
    • Follow up on any titles related to vehicles financed.
  • Monitor the receipt of loan approvals from underwriting and assist RM with review prior to routing to approval authorities
    • Work with RM to answer underwriter’s questions
    • Review CQ application for accuracy
    • Discuss any potential upgrade or downgrade in risk rating with PM TL.
  • Monitor receipt and assist RM with review of loan documents received from closers and outside counsel.
    • Work with RM to review loan documentation for accuracy.
  • Prepare Annual Reviews to assess credit quality.  Discuss any change in credit quality with RM and PM TL.
  • RMs as needed/requested.
    • Site inspections
    • Quotes for 3rd party reporting and legal counsel
    • ROE’s
    • Deal Discussion Memos
    • Goldmine (for submission to underwriting only)
    • Prequalification package including spreads, cash flow and collateral analysis

SUPERVISORY RESPONSIBILITIES

       None

SKILLS AND TRAINING

  • Strong verbal and written communications skills.
  • Strong customer service skills.
  • Ability to work in a Team environment to ensure goals are met.
  • Proficient in Excel.
  • Proficient in Financial Spreading with an understanding of cash flow
  • Bachelor’s degree in Accounting, Finance or Business Administration

  WORK EXPERIENCE

  • 3 to 5 years’ experience related to the financial or banking industry with completion of a credit training program or comparable underwriting experience. 
  • Bachelor’s degree in Finance, Accounting or Economics required.

 

  LICENSES AND/OR CERTIFICATES

           None

       

WORKING CONDITIONS

Work is performed in a normal office environment.  Noise levels are usually moderate.  May include travel by automobile.

 

HAZARDS

The hazards are mainly those present in a normal office setting and those present in commuting locally by car.         Occasionally may be exposed to those conditions present in public forums and meeting places.

 

 

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

 

 


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $28,000 in 2018. No item or donation is too small; we find a home for it all.


Nearest Major Market: Allentown