Portfolio Manager
New Haven, Connecticut, United States of America
Full Time
15 hours ago
Key skills
Communication
About this role
At Liberty, we strive to maximize our impact and exceed goals by investing in our teammates to deepen our relationships in the workplace and communities we serve. We take pride in promoting a socially responsible and sustainable future through initiatives and investment.
SUMMARY OF THE JOB:
The Portfolio Manager is responsible for managing assigned relationships in the portfolio in order to minimize risk, validate appropriateness of risk ratings, maximize cross selling opportunities into our existing customer base both on a direct basis and via referrals to Relationship Managers and other areas of the bank such as Cash Management, and to assure timely administration of issues such as maturing lines of credit, receipt of financial statements, and loan documentation follow up.
ESSENTIAL FUNCTIONS:
• The incumbent is responsible for the ongoing management of customer relationships in the portfolio.
• The incumbent will analyze, provide recommendations, process, and obtain appropriate approvals for various borrower requests.
• Working closely with the Relationship Managers, the incumbent will facilitate the tracking and timely renewal of loans and lines of credit by assuring early customer notification of impending maturity dates and obtaining the required financial information to underwrite renewals.
• Utilizing experience and independent analysis, the incumbent will be expected to make recommendations concerning loan structure, pricing, and appropriate risk ratings based on loan policies and risk rating definitions.
• The incumbent will also ensure that the overall portfolio risk ratings are current by conducting annual relationship reviews in a timely manner and ensuring that financial information, and file documentation is kept current and in conformity with covenant requirements if applicable.
• The incumbent will communicate directly with borrowers, as well as borrower’s accountants and attorneys, as necessary to assure adequacy of information needed to complete analysis and underwriting efforts.
• Works directly with Relationship Managers to convey final recommendations on structure, pricing, etc. in order to complete credit approval write-ups for submission to the appropriate level of credit approval authority.
• May assist with problem credit resolution by working with Relationship Managers, and legal counsel as appropriate.
• Continually researches industry trends and events which may impact the creditworthiness of borrowers and utilizes that information as a factor in making real time risk rating assessments.
• May participate in customer and prospect calls with Relationship Managers as well as maintaining regular contact with existing customers as an adjunct to the Relationship Managers.
• May assist in prioritizing tasks for less seasoned credit analysts and work with loan servicing staff to assure efficient, accurate, and thorough administration of the loan portfolio.
• Maximizes cross sell opportunities from our existing customer base by referral to the Relationship Managers or other appropriate areas of the bank such as Cash Management or Investment Services.
ACCOUNTABILITIES:
Ongoing portfolio management responsibilities in the portfolio:
• Reviews, documents, and recommends actions for various borrower requests from existing customers. Provides assistance to the Relationship Managers by acting as a key contact for existing customers in order to ensure the highest levels of customer service possible
Research and Analysis:
• Performs research and thoroughly investigates all available sources of credit information to ensure accuracy and completeness of credit approval vehicles and credit file documentation. Independently perform extensive narrative analyses of financial information. Serves as a liaison between the Relationship Managers and the loan servicers on operational/documentation issues. Provides assistance to the Relationship Managers in the underwriting and structuring of loan transactions. Performs annual reviews and/or special projects for the CRE portfolio.
Independent Judgment:
• Utilizes prudent, independent judgment, gained through work experience and formal training, to make prudent assessments of risk in both proposed transactions and in the existing portfolio.
Lead Capacity:
• Provides guidance to less seasoned Credit Analysts and Loan Servicers to ensure proper presentation of financial data and management of collateral and documentation related issues.
MINIMUM KNOWLEDGE/SKILLS:
• Bachelors Degree in Business Administration or Finance preferred or equivalent work experience
• 5+ years of analytical/underwriting experience.
• Thorough knowledge of existing loan policies, all aspects of financial statement analysis, and industry best practices in risk assessment and management. Excellent written and oral communication skills and a high level of proficiency in Word and Excel.
PHYSICAL REQUIREMENTS:
• General Office Equipment
• Keyboard Dexterity
• Prolonged Sitting
COMPLIANCE:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.
SUMMARY OF THE JOB:
The Portfolio Manager is responsible for managing assigned relationships in the portfolio in order to minimize risk, validate appropriateness of risk ratings, maximize cross selling opportunities into our existing customer base both on a direct basis and via referrals to Relationship Managers and other areas of the bank such as Cash Management, and to assure timely administration of issues such as maturing lines of credit, receipt of financial statements, and loan documentation follow up.
ESSENTIAL FUNCTIONS:
• The incumbent is responsible for the ongoing management of customer relationships in the portfolio.
• The incumbent will analyze, provide recommendations, process, and obtain appropriate approvals for various borrower requests.
• Working closely with the Relationship Managers, the incumbent will facilitate the tracking and timely renewal of loans and lines of credit by assuring early customer notification of impending maturity dates and obtaining the required financial information to underwrite renewals.
• Utilizing experience and independent analysis, the incumbent will be expected to make recommendations concerning loan structure, pricing, and appropriate risk ratings based on loan policies and risk rating definitions.
• The incumbent will also ensure that the overall portfolio risk ratings are current by conducting annual relationship reviews in a timely manner and ensuring that financial information, and file documentation is kept current and in conformity with covenant requirements if applicable.
• The incumbent will communicate directly with borrowers, as well as borrower’s accountants and attorneys, as necessary to assure adequacy of information needed to complete analysis and underwriting efforts.
• Works directly with Relationship Managers to convey final recommendations on structure, pricing, etc. in order to complete credit approval write-ups for submission to the appropriate level of credit approval authority.
• May assist with problem credit resolution by working with Relationship Managers, and legal counsel as appropriate.
• Continually researches industry trends and events which may impact the creditworthiness of borrowers and utilizes that information as a factor in making real time risk rating assessments.
• May participate in customer and prospect calls with Relationship Managers as well as maintaining regular contact with existing customers as an adjunct to the Relationship Managers.
• May assist in prioritizing tasks for less seasoned credit analysts and work with loan servicing staff to assure efficient, accurate, and thorough administration of the loan portfolio.
• Maximizes cross sell opportunities from our existing customer base by referral to the Relationship Managers or other appropriate areas of the bank such as Cash Management or Investment Services.
ACCOUNTABILITIES:
Ongoing portfolio management responsibilities in the portfolio:
• Reviews, documents, and recommends actions for various borrower requests from existing customers. Provides assistance to the Relationship Managers by acting as a key contact for existing customers in order to ensure the highest levels of customer service possible
Research and Analysis:
• Performs research and thoroughly investigates all available sources of credit information to ensure accuracy and completeness of credit approval vehicles and credit file documentation. Independently perform extensive narrative analyses of financial information. Serves as a liaison between the Relationship Managers and the loan servicers on operational/documentation issues. Provides assistance to the Relationship Managers in the underwriting and structuring of loan transactions. Performs annual reviews and/or special projects for the CRE portfolio.
Independent Judgment:
• Utilizes prudent, independent judgment, gained through work experience and formal training, to make prudent assessments of risk in both proposed transactions and in the existing portfolio.
Lead Capacity:
• Provides guidance to less seasoned Credit Analysts and Loan Servicers to ensure proper presentation of financial data and management of collateral and documentation related issues.
MINIMUM KNOWLEDGE/SKILLS:
• Bachelors Degree in Business Administration or Finance preferred or equivalent work experience
• 5+ years of analytical/underwriting experience.
• Thorough knowledge of existing loan policies, all aspects of financial statement analysis, and industry best practices in risk assessment and management. Excellent written and oral communication skills and a high level of proficiency in Word and Excel.
PHYSICAL REQUIREMENTS:
• General Office Equipment
• Keyboard Dexterity
• Prolonged Sitting
COMPLIANCE:
Acts affirmatively in all activities under his/her control in conformance with the Bank’s Affirmative Action, Equal Employment Opportunity, and Fair Lending Programs to achieve the Bank’s goals and objectives. The Bank shall provide equal employment opportunity to all qualified persons, and continue to recruit, hire, train and evaluate persons in all jobs without regard to race, color, religion, sex, national origin, or veteran status.
Liberty Bank is an Equal Opportunity employer. It is the policy of Liberty Bank to provide equal employment opportunities to all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran or disabled status, or genetic information.