Portfolio Manager

Job Title:                       Portfolio Manager  

Department:                Business Services

Reports to:                    Director of Business Services

Hours per Week:         40 hrs./week Salary Exempt

Company Summary

Welcome to Financial Plus Credit Union (FPCU) – 'The Place where it’s Possible.' 

At FPCU, we believe in the power of collaboration, embrace inclusivity as a strength, and are driven by a shared commitment to success. Our community-centered approach goes beyond financial services; it's about fostering connections and making a positive impact. 

Join us, and be part of an environment that prioritizes wellness, encourages continuous learning, and opens doors to developing you into the person you want to be. Explore the opportunities that await you at FPCU – where you aren’t just making a living but joining a PLACE where you can REACH your goals. 

Position Summary

In this role, you will be primarily responsible for overseeing the portfolio management process and secondarily, involved in the loan due diligence and documentation process for our business members. The ideal candidate will have a strong background in banking operations, excellent communication skills, and the ability to manage complex financial transactions. This position offers an opportunity to support the Business Services operation and work closely with Credit Officers and Relationship Managers (RMs) to ensure a seamless member experience and efficient loan monitoring throughout the life of the loan.

Essential Functions & Primary Responsibilities

• Portfolio Management:
• Assist in the management and monitoring of the member business loan portfolio, including conducting annual reviews of credit risk including covenant compliance, financial statement requirements, loan performance, and compliance with all terms and conditions.
• Credit Risk Management:
• Help identify and mitigate potential risks within the portfolio by monitoring credit quality, payment performance, and financial health of the business members. Collaborate with the Credit Officers and Relationship Managers to proactively recommend actions to address any concerns or defaults.

Underwriting:

Perform in-depth analysis for new and existing loans, including credit analysis, financial statement review, credit reports and risk assessment to support Relationship Managers and Credit Officers in making informed lending decisions.

Client Relationship Support:

Work closely with Relationship Managers to facilitate smooth communication and provide necessary support during the loan origination, closing, and monitoring phases. Assist in preparing reports, presentations, and updates for Executive management and the Board.

Loan Due Diligence and Documentation Process:

Review loan applications, approvals and supporting documentation (e.g., appraisals, title reports, insurance policies, LaserPro documentation) for completeness, accuracy and consistency, ensuring compliance with internal policies and regulatory requirements. Collaborate with the Relationship Managers, Credit Officers and the Servicing team to ensure proper documentation for loan agreements.

Process Improvement:

Contribute to the continuous improvement of loan administration processes, procedures, and systems. Recommend and implement best practices to enhance the efficiency and effectiveness of portfolio management operations.

Compliance and Regulatory Adherence:

Ensure that all loan documentation, processes, and client interactions are fully compliant with credit union regulations and internal policies. Work with internal loan review and regulators to provide all the requested portfolio information as requested. Maintain a high standard of professionalism and confidentiality in all aspects of portfolio management.

Ensures compliance with all federal and state laws and regulations, including the Bank Secrecy Act, Patriot Act, and Office of Foreign Asset Controls, and should request legal interpretation as necessary. Must ensure subordinates are also compliant with such laws and regulations.

Must be bondable.

Perform other duties as assigned.

Education & Qualifications

·      Bachelor’s degree in Business, Accounting, Finance, Economics or related field. 

·      Minimum of 5 years of experience in business lending or a related financial services role with a strong understanding of loan underwriting, credit analysis, portfolio management and the loan documentation process.

• Additionally, this position requires an understanding of basic computer skills including m365 suites.

Skills and Abilities

·      Strong knowledge of the business credit process, underwriting and loan documentation process.

·      In-depth understanding of financial statements, credit risk analysis, and due diligence procedures.

·      Proficiency in financial software and tools (e.g., Excel, CRM systems).

·      Excellent communication and interpersonal skills with the ability to interact effectively with clients, senior management, and internal teams.

·      Thorough understanding of Credit Union and Banking Regulations

·      Outstanding analytical skills and problem-solving ability

• Presents a positive and professional image to members through effective and courteous verbal and written communications.

·      Courtesy, tact, and diplomacy are essential elements of the job. Work involves much personal contact with others inside and/or outside the organization for purposes of giving or obtaining information, building relationships, or soliciting cooperation.

·      Ability to apply logical thinking to define problems, collect data, establish facts, and draw conclusions.

·      Ability to be mindfully flexible and willing to go with the flow.

·      Ability to deal with difficult concepts and complex variables.

Physical Demands & Work Environment

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

·      Sedentary work; sitting most of the time. Exerts up to 10 pounds of force occasionally.

·      The noise level in the work environment is professional and typically moderate.

This job Description is not a complete statement of all duties and responsibilities comprising this position.