Portfolio Manager Eastern Shore - Preston, United States - Summit Community Bank
Description
JOB TITLE:
Portfolio Manager**
Job Classification:Full Time, Exempt
Department:
Lending
Reports to:
Portfolio Team Lead
Education requirements:
- Bachelor's Degree in Business, Accounting, Finance or related field or equivalent experience
Experience or Skill requirements:
- Minimum of 3 years of experience working in a Business or Commercial Banking environment with emphasis on credit and commercial real estate preferred.
- Prior experience with loan processing or underwriting required.
- Ability to analyze financial statements, property operating statements, corporate and personal tax returns."
- Understanding of commercial real estate loan structuring processes and regulations associated with commercial real estate lending
- Strong understanding of commercial real estate loan documentation preferred.
- Strong understanding of commercial banking ownership structures preferred.
- Knowledge of Commercial Banking services
- Excellent verbal and w
ritten communication skills; - Proficiency with Microsoft Office Suite (Word, Excel, PowerPoint)
- Excellent interpersonal, customer relations and sales skills;
- Ability to demonstrate being a selfstarter, wellorganized, detailoriented
- Strong team and personal work ethic.
- Ability to work well independently, exercise independent, professional judgment, and operate in a fastpaced environment
- Strong negotiation skills.
- Solid understanding of commercial real estate appraisal theory and techniques.
Duties:
- Contribute to the Team's overall meeting and/or exceeding the assigned volume/production goals while balancing credit risk
- Responsible for managing full cycle of loan requests process.
- Responsible for completion of annual renewals, the collection of all required financial reporting and covenant tracking within the portfolio.
- Provide financial and market analysis.
- Identify, evaluate and recommend changes and improvements to lending policies and procedures.
- Requests all required third party appraisals required and obtain due diligence reports or assignments from other banks, as needed, while ensuring that all comply with bank policy and regulations.
- Identify and evaluate areas of concerns pertaining to a loan and engage in problemsolving with Lender or Relationship Manager
- Manage the coordination of information between client and internal departments for the loan approval, closing and booking process.
- Close loans in accordance with approval and schedule and perhaps handle closing with client.
- Monitor loan documentation exception reports and followup to clear up document exceptions in a timely manner.
- Collaborate with Relationship Manager to manage maturing loans.
- Troubleshoot, report and manage activity on delinquent accounts at the various intervals
- Generate and provide requested reports as necessary on Team's loan portfolio
- Participate in team sales call and attend external events and activities in a business development role as requested.
- Other duties as assigned.
Relationships:
The Portfolio Manager will report tothe VP, Director of Portfolio Management, and will work with the Regional Presidents, Commercial Market Executives, and lenders.
Salary Information:
Annual salary varies, based on experience.
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