What are the responsibilities and job description for the Portfolio Manager position at Fairwinds Credit Union?
Welcome to FAIRWINDS Credit Union. We continue to be the one of the best companies to work for, simply because we hire the best and most passionate talent. We are proud to promote employees from within and provide a positive work/life balance.
Our Commercial Banking team is adding a Portfolio Manager to the team! This role is responsible for providing an unbiased and objective review of the existing borrowing relationships and thoroughly disclosing all identified risks, assessing mitigating factors, and disclosing in the credit approval memorandum. Compensation for an experience candidate is expected to be in the range of $95,000/year with incentive eligibility.
- Provide unbiased reviews of borrowing relationships, identifying risks and mitigates in the credit approval memorandum.
- For credit facility renewals, determines the compliance with existing credit agreements, identifies defaults, and if appropriate, recommends modifications.
- A critical component of this role is early identification of emerging credit problems and industry trends.
- Responsible for accurately reflecting all loan terms, collateral, covenants, loan grade inputs, policy exceptions, and calculating credit exposure for a given relationship. Loan portfolio to include the primary asset types such as office, retail, industrial, and multi-family as well as more specialized asset classes inclusive of but not limited to self-storage, hotel, restaurants, and single-family rental properties.
- Works with the Lender to obtain all necessary information to complete annual reviews, renewals and modifications of existing credits.
- Review and analyze borrower financial information including corporate financial statements and tax returns to determine borrower financial condition and develop cash flow analysis.
- Review and analyze personal financial information for guarantors including personal financial statements, tax returns, real estate owned schedules, and liquidity statements to determine financial strength of guarantor.
- Proactively identifies opportunities for expanding existing relationships within an assigned portfolio.
- Responsible for monthly review of received borrowing base certificates and account receivable aging reports.
Required Education/Experience
- Bachelor’s degree (B.A.), preferably in Accounting, Finance or Business or equivalent in specific work experience.
- Four to six years of related experience in Financial Services, Banking, and Credit Analysis
- Experience with nCino, Sageworks, Moody’s, and CoStar preferred.
- Strong writing skills.
Preferred Education/Experience
- Master’s degree in related discipline or formal credit training
- Loan Review or similar background
- RMA – Credit Risk Certification
Why is FAIRWINDS recognized as an employer of choice?
In addition to 11 paid holidays every year, we offer highly competitive benefits including:
- 85% employer paid medical, vision, and dental coverage
- 401(k) match at 6%
- Paid vacation and sick time that does not expire
- Wellness reimbursement – trade in unused sick time to pay for your gym membership!
- Tuition reimbursement
FAIRWINDS is an Equal Opportunity Employer.
Salary : $95,000