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Sr. Portfolio Manager

Company: Byline Bank.
Location: Itasca
Posted on: May 16, 2022

Job Description:

Job DescriptionThe Portfolio Manager, Sr is responsible for managing and servicing a portfolio of existing relationships for specified Commercial Banking officers within the Commercial & Industrial (C&I) banking group. This includes assisting the officers with coordinating and participating in loan structuring, underwriting, origination, closing, servicing; and engaging in full cycle relationship management. The Portfolio Manager will assist with the evaluation and structuring of commercial credits while maintaining the credit quality within the Bank's accepted standards.Essential Duties and Responsibilities include the following. Other duties may be assigned.

  • Primary responsibilities will include assisting specified Commercial Lenders on site within a commercial lending division, with all issues relating to portfolio management for assigned lending relationships.
  • Will be responsible for assisting the officer with maintaining and updating client data into the nCino Client Relationship Management system
  • Manage the credit transaction process from approval through post-closing.
  • Review the loan documentation worksheet ensuring the completeness and accuracy on all ancillary information, LLC and operating agreements, CIP information, and company membership rosters. Collects client information and documentation as it relates to the credit/loan.
  • Responsible for delegating and coordinating pertinent financial analysis to assigned Credit Analysts including, financial spreading, collateral and cashflow analysis, loan structuring and pricing per the directives of the specified loan officer, initial preparation of the Credit Memo.
  • Work closely with assigned Credit Analysts to answer questions and assist them in their work as part of the ongoing Credit Analyst education and career development.
  • Preparation, review and negotiation of documentation related to transactions, such as loan documents, guarantees, and security documents in conjunction with the specified loan officer.
  • Understand and be able to assist the assigned Divisional Assistant to quickly complete documentation setup worksheets and all related forms, the ordering and reviewing all title commitments to ensure the proper lien status and able to clear all title exceptions.
  • With assistance of assigned Credit Analysts, actively monitors, maintains, and services all aspects of assigned portfolio including all reporting requirements, covenant compliance and appropriateness of risk grades. Ability to assign such tasks to the assigned Credit Analysts.
  • In conjunction with and with direction from the specified Loan Officer, negotiates and structures each loan, determines feasibility, credit worthiness and assembles information to determine whether the relationship meets bank standards.
  • Work with assigned Credit Analysts to perform the analysis and underwriting for each loan request and ensures timely completion of credit presentation for new and renewing loans.
  • Manages the assigned Credit Analysts to maintain up-to-date client files, manages renewals, and processes servicing requests such as collecting past due payments, exception clearing, responding to information inquiries and facilitating transfer and draw requests.
  • Works with the specified Loan Officer and assigned Divisional Assistant to coordinate pre-closing activities, as well as closing responsibilities as needed
  • Responsible for post loan approval details such as: all appraisal reports, documentation/file is complete and accurate, and any exceptions are reported to the Loan Officer.
  • In conjunction with the specified Loan Officer, ensures that assigned Credit Analysts are monitoring current loans and credit lines to ensure compliance with terms, are handling all reporting on loans such as past dues, documentation and collateral exceptions, financial performance updates, portfolio review forms, portfolio profitability, risk grades, etc.
  • Works with the Loan Officer with Past Due and Maturing Loan Reports.
  • Works with the Loan Officer to anticipate and plan for timely renewals of loan maturities.
  • May be asked to present loan requests to Credit/Loan Committee and to assist with loan presentations.
  • Able to effectively work with all departments of the bank but especially develop a close working relationship with the credit and commercial loan operations departments.
  • Maintains current and in-depth knowledge on banking and lending products, policies, procedures and regulatory requirements, as well as market and industry activities and trends.
  • Performs other related duties as assigned or requested Desired Skills and ExperiencePortfolio Manager, Sr – 10+ years of directly related experience with some supervisory responsibility of other portfolio managers and/or analysts.
    • Typically requires a Bachelor's degree in Finance, Business or other related area.
    • Advanced knowledge of various types of loans, credit analysis, spreading and analyzing financial statements, risk analysis, credit scoring, loan documentation, etc.
    • Strong working knowledge of banking products, services, policies, procedures and regulations.
    • Solid understanding of lending/banking compliance rules, regulations and procedures.
    • Strong client product and relationship management skills. Qualifications
      • Excellent organizational skills with proven ability to prioritize and manage workload and to instill a sense of urgency in others as necessary to meet deadlines Strong practical knowledge of commercial banking and lending products, policies, procedures, regulatory guidelines, and market trends.
      • Ability to lead and manage several assigned junior or senior Credit Analysts with related workflow and deadlines.
      • Strong credit and underwriting knowledge.
      • Excellent external and internal customer service and relationship management skills with the ability to convey a positive attitude and maintain a high degree of confidentiality, diplomacy, tact and salesmanship.
      • Excellent written and verbal communication skills.
      • Solid technology skills, including ability to use nCino, navigate and search related websites, and intermediate proficiency with Microsoft office (Excel, Office, Word) and banking software applications.
      • Ability to handle multiple requests/customers with a high attention to detail and ability to take initiative when handling projects.
      • Ability to maintain effective working relationships with all levels of Bank personnel.
      • Ability to work with limited supervision.

Keywords: Byline Bank., Chicago , Sr. Portfolio Manager, Executive , Itasca, Illinois

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