What are the responsibilities and job description for the Special Assets Portfolio Manager position at Sunrise?
Come work for the world’s most socially responsible bank!
A Sunrise career offers a flexible work environment and a chance to create positive change in financial wellness and banking.
POSITION SUMMARY
This position will manage the bank’s high-risk commercial loans including analyzing borrower financial performance, monitoring compliance with loan agreements and workout plans, development of workout plans, monitoring payment performance, preparing quarterly problem loan reports and collection activities. The ideal candidate will have a strong background and understanding of commercial loan structure, business loan agreements, have a high aptitude in business financial analysis and previous experience working with high-risk commercial loans. Local candidates preferred.
ESSENTIAL FUNCTIONS
Portfolio Monitoring & Loan Compliance
- Conduct ongoing monitoring of borrower and guarantor financial performance.
- Perform collateral monitoring and analysis.
- Ensure loan documentation is complete, accurate, and collateral positions are properly perfected.
- Maintain updated credit files with the required financial information.
- Track financial ticklers and communicate with borrowers to obtain necessary documents.
- Process loan modifications, forbearances, and renewals.
- Monitor daily overdrafts within the Special Assets portfolio.
Workout & Collection Support
- Work with high credit risk customers ensuring loan repayments and minimizing losses to the bank.
- Developing, coordinating, and monitoring workout plans.
- Support foreclosure and repossession processes on delinquent loans, coordinating with legal counsel as needed.
- Monitoring lawsuits related to delinquent loans.
- Prepare and issue default letters, coordinating with internal and external legal teams as needed.
Problem Loan Reporting
- Prepare quarterly problem loan reports, including financial and risk rating analysis.
- Support the coordination and documentation of quarterly problem loan report meetings.
SUPERVISORY RESPONSIBILITIES
None
COMPETENCIES
- Sunrise Core Values
- Adaptability
- Communication/Conflict Resolution
- Compliance
- Problem Solving
- Initiative
- Integrity
- Judgment
- Organizational Skills
- Productivity
- Professionalism
- Quality Service
- Teamwork
- Technical /PC Skills
- Empathy
- Work Quality
EDUCATION & EXPERIENCE
- College degree in business related field preferred.
- Previous financial industry or accounting experience required.
- 5 years of previous credit experience required.
- Prior commercial workout/collection experience preferred.
- Comprehensive skill set in the use of the following software applications: Microsoft Excel, Word, and Outlook, Abrigo Sageworks.
- Prior experience as a Portfolio Manager, credit analyst or Commercial loan officer preferred
COMPENSATION AND BENEFITS
The expected starting annualized salary range DOQ is $81,749 - $116,784
In addition, this position is eligible to enroll in a variety of benefits including Medical, Dental and Vision insurance, Retirement (401k) savings, Life and AD&D insurance, Short and Long-term disability insurance, Paid Time Off (PTO), Volunteer Time Off, Paid Parental Leave, Pet Insurance, and more.
Details at www.sunrisebanks.com/about/careers/.
Salary : $81,749 - $116,784
