Portfolio Manager (ID:41454)
An exciting Portfolio Manager opportunity (hybrid schedule) in support of the Emerging Markets group of a $1B bank.

Our client has an exciting opportunity for a Portfolio Manager on their Credit Administration team. This position focuses on credit underwriting of prospective and existing client relationships and actively participates in the credit approval process. The role also ensures that loan portfolios adhere to existing policies and regulatory specifications. The Portfolio Manager works in a team setting with Lenders and Credit Analysts and is responsible for an assigned book of business.

This position is based in Bloomington, Minnesota and has the opportunity to work remotely up to two days per week.

 

Roles & Responsibilities:

    • Analyzes and underwrites commercial customers and credit products that include commercial real estate, commercial and industrial businesses, agriculture, bank holding companies and their subsidiary banks and individuals.
    • Possesses considerable knowledge of credit policies, credit analysis, procedures and philosophy.
    • Demonstrated financial and risk analysis skills.
    • Has experience in structuring various types of commercial credit and evaluating collateral with respect to value, marketability and control.
    • Provides ongoing administration of an assigned loan portfolio including review of the financial and business status of the borrower and recommends risk rating changes when appropriate.
    • Supervises the loan renewal cycle and works with the Lender to facilitate credit approval and loan documentation as needed.
    • Conducts annual reviews as part of ongoing portfolio monitoring.
    • Resolves credit problems, delinquent payment issues and other related affairs.
    • Monitors loan covenants to ensure compliance and follow-ups on any covenant violations.
    • Develops strong relationships and ensures prompt communication with client banks and borrowers via written or verbal correspondence.
    • Sends and tracks correspondence and follows up on loan requests in a timely manner.
    • Verifies that loan bookings directly correlate with the terms of the approval.
    • Assists Credit Administration management in preparing reports on loan portfolio metrics.
    • Other duties as apparent or assigned.

 

Required Skills & Experience:

    • Bachelor’s degree in Finance or related field with formal credit training or MBA
    • 5 + years of experience in credit administration activities
    • Previous experience as a Portfolio Manager or Credit Analyst in a Commercial Banking setting
    • Excellent verbal and written communication skills
    • Technical aptitude
    • Problem solving and presentation skills


About Versique:

Versique is a high-performance recruiting firm based in Minneapolis, MN specializing in interim solutions, direct hire, and executive leadership search. We believe people are the ultimate business advantage. Our experienced functional recruiting teams work within a variety of areas of expertise (HR, Finance & Accounting, Demand Generation, IT, and Engineering) and broad industries (Healthcare, Banking, Consumer Packaged Goods, Manufacturing, Private Equity, and Family-Owned). Voted as a “Star Tribune Best Places to Work” three years in a row by our employees, Versique is one of the largest and fastest growing staffing and recruiting firms in the Midwest. The Versique brand represents a powerful combination of “versatile” and “unique” as it hints at the concept of “search” in its pronunciation: ver-seek.

Versique is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status, among other factors.

#LI-WP1



Apply for
Portfolio Manager (ID:41454)

















doc, docx, pdf, txt - Max File Size: 8mb