What are the responsibilities and job description for the Portfolio Manager (Full Time) - Midland, Wall St. position at PROSPERITY BANK?
External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application.
Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP.
POSITION PURPOSE
A Commercial Lending Portfolio Manager is required to have extensive knowledge of the commercial bank’s loan and deposit processes, policies and systems. They should understand the loan approval process from initial request through approval and booking. They should be equally familiar with deposit and treasury services. Given the required experience, the Portfolio Manager’s role is to work efficiently with lenders, staff, attorneys, loan ops and booking to meet customer timelines.
ESSENTIAL FUNCTIONS AND BASIC DUTIES
Responsible for identifying and coordinating the approval process for new and renewed loans. The objective is to meet the expiration date of the existing loan or the closing date established by the lender and borrower.
Participate in preparation of loan approval forms by working with credit analysts and lenders in the completion and presentation of the LAW. Maintain a good understanding of loan policies, pricing guidelines, collateral requirements, risk ratings, etc.
Demonstrate ability to work effectively in the understanding of the elements of entity documents, security agreements, financing statements, guarantees, loan agreements, promissory notes, etc.
Understand financial reporting including balance sheet, income statement and cash flow statement, preparation of global cash flow statements and financial covenants.
Work positively and respectfully with co-workers and customers
Maintain high ethical and professional standards dealing with bank customers, resources, policies and reputation; being an example to their colleagues.
QUALIFICATIONS
EDUCATION/CERTIFICATION: Bachelor’s degree or equivalent related bank experience.
EXPERIENCE REQUIRED: 3-5 years applicable commercial banking experience.
SKILLS/ABILITIES: Excellent written and oral communications skills.
Hours: Monday - Friday 8:00 AM - 5:00 PM.
40 hours per week.
