Portfolio Manager III

Job Description

The Portfolio Manager III is responsible for driving the loan closing process for commercial loans and ensuring moderate to higher complexity loan documentation adheres to the loan approval. This position acts as a liaison with Credit Administration, Commercial Loan Processing and Servicing departments, internal and external legal counsel, Loan Review, Audit, and other departments as required. This position ensures timely financial statement collection and proactively identifies and escalates early warning signs within the portfolio. This position provides guidance to less experienced Portfolio Managers.

Essential Functions

• Inspect credit approval documents to ensure accuracy for documentation purposes
• Review commitment letters based on established requirements
• Examine moderate to higher complexity loan documentation to ensure accuracy and accordance with loan approval requirements
• Facilitate loan closings in conjunction with and on behalf of Relationship Manager
• Ensure all loan approval conditions have been met within required time frame
• Ensure timely collection, review and evaluation of all financial statement requirements from borrowers and guarantors
• Proactively identify and escalate declining financial performance/negative indicators within the loan portfolio on a timely basis
• Follow covenant testing protocols and manage waiver letter process when applicable
• Act as the first line of defense to recommend and process timely risk rating changes in conjunction with the Relationship Manager
• Monitor loan management tracking reports and ensure timely action and escalation as warranted collaboratively with Market Executives, Relationship Managers, Credit Administration and Loan Operations
• Initiate and/or complete loan modifications per established protocols
• Manage and maintain collateral requirements including ordering appraisals, environmental reports and property searches
• Coordinate and assist with criticized loan reports as part of the Watch List program
• Act as a liaison with Commercial Loan Operations, Loan Review, Audit, examiners and other departments as required
• Jointly call on clients to stay apprised of business activity/performance and serve as additional contact point
• Facilitate client service requests
• Optimize client relationships and create an exceptional client experience
• Comply with all corporate standards and audit-related matters in specific areas of responsibility
• Remain current on all banking rules and regulations
• Establish increased productivity and profitability
• Ensure compliance with Northwest’s policies and procedures, and Federal/State regulations
• Navigate Microsoft Office Software, computer applications, and software specific to the department in order to maximize technology tools and gain efficiency
• Work as part of a team
• Work with on-site equipment
  
  

Experience And Education

• Bachelor's degree in business, finance or related
• 7 years of relevant experience in commercial lending as a Portfolio Manager, Relationship Manager and/or Credit Officer/Underwriter working with moderate to complex loans and documentation
• Ability to perform financial analysis, assess risk, review documentation and coordinate loan closings
• Strong analytical, organizational and critical thinking skills
• Team-oriented with ability to monitor and manage multiple responsibilities simultaneously
  
  

The pay range for this position is generally $85,000 - $100,000 annually. Actual pay is based on various factors including but not limited to the successful candidate’s experience, skills, and knowledge. Additional bonus earning opportunities and benefits are also available.

Northwest is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.