What are the responsibilities and job description for the Portfolio Officer position at Cedar Rapids Bank & Trust?
Job Description
Job Description
Description :
TITLE : Portfolio Officer
DEPARTMENT : SFG (Specialty Finance Group)
PAY GRADE & FLSA : Grade 7, Exempt
JOB SUMMARY :
The Portfolio Officer is responsible for the overall management of bond and loan portfolios, including client service, credit analysis, closing activities, and internal servicing and monitoring. This individual is responsible for cultivating, nurturing, investing in, and deepening relationships with internal clients by providing exceptional client service.
ESSENTIAL FUNCTIONS :
Post loan origination, organize and maintain all construction draw materials and documents.
Review submitted draw packages that are provided by clients for accuracy and completeness.
Complete credit presentations, including analysis of appropriate data per credit policy, bank procedures, and regulatory requirements.
Review required credit documentation to ensure that loan and bond documents are consistent with credit approval, including appropriate signatures, disclosures, credit authority, and internal system requirements.
Oversee pre-closing and post-closing due diligence as required by SFG Credit Policy and credit approval.
Monitor compliance with loan agreements to ensure timely receipt and review of financials, covenant compliance, and other loan agreement conditions.
Serve as a back-up to the SFG Officers as appropriate, including attending the SFG Credit Committee, handling client service issues, and coordination / handling of closings.
Monitor and perform appropriate action related to past dues and maturing loans, communicating with participant banks, and working with internal and external auditors.
Complete all required training and comply with all company or regulatory policies, procedures and requirements that are applicable to this position.
Foster and preserve a culture of diversity, equity, and inclusion.
Additional duties and responsibilities may be required to support the company’s mission, vision and values.
QUALIFICATIONS :
Bachelor’s degree in accounting, business administration, finance, or related field highly desired.
Minimum of 3 years of credit analysis and commercial portfolio management experience. Background, experience, and the ability to create value are also strong considerations.
Proficient in MS Office products (Word, Excel, Power Point).
Strong verbal, written and interpersonal communication skills.
Ability to develop and maintain internal and external relationships.
Capability to work and collaborate with a variety of individuals and groups in a constructive and professional manner.
Capability to work independently in a fast-paced environment while paying attention to detail with minimal supervision.
Strong math skills with the ability to organize and analyze complex financial information.
Ability to manage and maintain confidential information.
WORKING CONDITIONS :
Duties are performed in a professional office environment.
Ability to lift 5 to 25 lbs.
Requires travel to other branch or client locations.
At Cedar Rapids Bank & Trust, Inc. we are committed to fostering and preserving a culture of diversity, equity, and inclusion and strongly believe that it is our differences - of all kinds - that make our company and our communities better and stronger.
Cedar Rapids Bank & Trust is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or other protected class status.
It is the policy of Cedar Rapids Bank & Trust to comply with the Americans with Disabilities Act by providing reasonable accommodations to enable qualified individuals with disabilities to access the job application and interview process, to perform the essential functions of the job, and to receive equal access to other benefits and privileges of employment.
Requirements :
