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POSITION SUMMARY
Responsible for managing an assigned credit portfolio of existing commercial relationships for Magnifi Financial. Partners with assigned Commercial Banking Officer(s) to assist managing specific commercial relationships. Responsible for the ongoing relationship management of existing members to retain and expand those relationships and handle their requests. Collects and evaluates information from assigned relationships and provides recommendations. Provides member service, participates in joint calls with Commercial Banking Officers, and identifies member needs to make recommendations. Travel required between branches and to member locations, primarily in the Twin Cities, MN metro area.
ESSENTIAL DUTIES AND RESPONSIBILITIES
o Interviews existing and prospective members applying for loans, deposit accounts, and other commercial services. Makes decisions within authority and provides recommendations and referrals when appropriate.
o Reviews financial information with borrowers (concerns, strengths, weaknesses).
o Works with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective loans.
o Responsible for preparation of commitment letters and adverse action documentation.
o Performs loan closings with borrowers, ensuring all paperwork is properly completed and complies with legal regulations and the policies of Magnifi Financial.
o Assists the credit and collections departments with collections/negotiations on problem member commercial loans.
EDUCATION AND EXPERIENCE
The Benefits
We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential. Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions):
Who We Are:
At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere. Magnifi Financial has received the special recognition of being named a Top 200 Workplace, voted on by our employees, for the 9th year in a row. As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.
Magnifi Financial has grown to more than 90,000 members, over $2 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota. But what hasn’t changed is our focus on the members and communities we serve.
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
Full Time
$109k-151k (estimate)
05/27/2024
06/09/2024
The job skills required for Commercial Portfolio Manager (Hybrid position within the Twin Cities, MN Metro area) include Underwriting, Presentation, Financial Analysis, Commitment, Products and Services, etc. Having related job skills and expertise will give you an advantage when applying to be a Commercial Portfolio Manager (Hybrid position within the Twin Cities, MN Metro area). That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Commercial Portfolio Manager (Hybrid position within the Twin Cities, MN Metro area). Select any job title you are interested in and start to search job requirements.
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