Commercial Loan Portfolio Manager I

Michigan Business Connection, LC

Job Description

Job Title: Commercial Loan Portfolio Manager I

Department: Portfolio Management

Reports To: Vice President-Credit Administration

FLSA Status: Non-Exempt

Grade Level: 800

Hours 7/8:30 am – 4/5:30 pm Monday – Friday*

Location Ann Arbor, MI 48105*, with frequent day travel required

SUMMARY

The Portfolio Manager I is responsible for commercial credit analysis and portfolio risk monitoring.

PRIMARY DUTIES AND RESPONSIBILITIES include the following. Other duties may be assigned.

Demonstrate enthusiasm for MBC core values: Teamwork, Accountability, Integrity, Innovation and Leadership.

Manage and service a portfolio of commercial loan relationships while maintaining, expanding and building relationships, resulting in a high degree of customer satisfaction.

• Monitor information related to borrower performance, abilities, and industry to determine that loan is an acceptable risk. This will consist of statement, covenant and insurance tracking, risk rating updates, administrative loan status reports and other commercial scorecard items.
• Oversee the management of portfolio risk associated with current borrowers, including review of current account status, to include, but not limited to, past due accounts and matured notes, and provide recommendations for such accounts.
• Demonstrate independent judgment through interpretation of loan documents and interaction with Borrowers and Credit Unions.
• Prepare documentation required for the processing of loans, review status of existing loans, take appropriate action on loans that are mature or past due and perform loan closings.
• Analyze credit data and financial statements to determine the degree of risk involved in extending credit and provide lending recommendations, which are based on an analysis of borrower’s financial condition, cash flow, capacity, collateral and ability to repay.
• Prepare reports on loans, including information such as past dues, documentation and collateral exceptions, financial performance updates and portfolio profitability. Provide accurate analysis of financial statements, industry risks, collateral requirements and credit risk required to appropriately structure loans.
• Utilize spreadsheet programs to generate financial ratios, trend lines, etc. to evaluate existing borrowers’ financial status and their performance against peer groups.
• Conduct borrower interviews as needed to develop information concerning lending needs, abilities and earnings to determine whether a loan is of acceptable risk.
• Implement strategic and tactical business solutions to enhance the management of loans to mitigate risk and minimize losses.
• Review borrower files and portfolio reports to identify and select delinquent accounts for review and/or collection. Participate in collection efforts and determination of loan work out scenarios.
• Provide guidance, training, and support to Financial Analysts and Interns.
• Perform other credit and risk management duties as required.
• Actively participate with credit unions and borrowers in the negotiation of loan terms and structure requirements.
• Demonstrate continued focus on borrower retention efforts and identify opportunities to expand existing relationships.

SUCCESS MEASUREMENTS:

Success in this position is primarily measured as the maintenance and reporting of timely risk awareness and demonstration of effective action and compliance by the function in the services rendered, as well as the visible demonstration of company values.

SUPERVISORY RESPONSIBILITIES

None

QUALIFICATIONS

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the minimum knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

EDUCATION and/or EXPERIENCE

Bachelor's degree (B.A. or B.S. ) from four-year college or university; or equivalent combination of education and experience. Formal credit training program and at least one year of commercial credit analysis experience preferred.

LANGUAGE SKILLS

Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before members or employees of the organization.

MATHEMATICAL SKILLS

Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals. Ability to compute rate, ratio, and percent and to draw and interpret bar graphs.

REASONING ABILITY

Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.

PHYSICAL DEMANDS

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. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee is occasionally required to stand and walk. The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, and ability to adjust focus.

The employee must be properly licensed to drive an automobile and provide for their own transportation.

WORK ENVIRONMENT

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.

The work environment is a typical office environment.

The noise level in the work environment is usually moderate.

*MBC operates within a flex time environment, allowing reasonable employee discretion in start and end times. Certain functions may be supported from a work at home environment as agreed to by the MBC president.

Work Remotely

• Yes after multiple weeks training in the office.

Job Type: Full-time

Pay: $66,082.00 - $99,123.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Referral program
• Retirement plan
• Vision insurance

Schedule:

• Monday to Friday

Ability to Relocate:

• Ann Arbor, MI 48105: Relocate before starting work (Required)

Work Location: In person

Salary : $66,082 - $99,123