A Portfolio Manager is responsible for the proactive management of loans post-closing. The Portfolio Manager monitors borrowers for reporting and covenant compliance, manages and mitigates potential defaults and credit losses, and conducts an annual review of each borrower in the portfolio and supports the annual portfolio review process.
Essential Duties and Responsibilities:
- Serves as primary point of contact for borrowers post close:
- Reviews loan terms and conditions post-close to manage compliance with loan documents
- Manages collection, review, and analysis of borrower financial and other required reporting
- Maintains accurate and complete loan files
- Maintains accurate and complete borrower data in loan tracking systems
- Prepares annual reviews of borrower loans, recommending risk rating changes based on the annual review.
2. Assists with the analysis of loan portfolio trends and identifies portfolio vulnerabilities by interpreting data on payment trends, borrower financial ratios, pricing, economic influences and other factors affecting the portfolio.
3. Manages troubled loans:
- Monitors delinquencies
- Resolves payment issues
- Implements default processes
- Downgrades risk ratings as appropriate for troubled loans.
4. Provides technical assistance to support borrower financial health.
5. Supports compliance with portfolio and collateral monitoring procedures.
6. Prepares recommendations for loan modifications, restructurings, and renewals.
7. Provides continuous process and content improvements to policies, procedures, and risk rating methodology.
Qualifications and Skills:
- Bachelor’s degree from an accredited college or university
- Five or more years’ experience in community development portfolio management.
- Strong analytical skills
- Excellent customer service skills
- Analysis to Synthesis: Interprets data and information from multiple sources and translates it into coherent messages that inform decisions.
- Intellectual Agility: Can flex and adapt thinking skills to meet the needs of different situations and circumstances. Doesn’t limit problem solving to one approach or methodology.
- Perseverance: Accepts uncertainty by remaining focuses and engaged on assignments. Looks for plausible solutions to difficult problems.
- Insight to Action: Acts on conviction and advances from concept to implementation toward a goal. Draws upon knowledge and professional judgement to orchestrate the steps required to get results.
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