The Portfolio Manager I position is responsible for prudent underwriting and effective credit and risk administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, on-going portfolio maintenance activities, and client support for an assigned portfolio of existing credits and prospects primarily of moderate to medium complexity, with some having higher complexity.
Responsible for ensuring overall portfolio performance and asset quality remains strong and when necessary surfaces issues, proposes and collaborates with others on strategies and actions to limit risk and loss to the Bank.
Will monitor the performance of existing borrowers within assigned portfolio and ensuring compliance with financial covenants.
Will assist the Relationship Manager in structuring more advanced credit transactions, developing proposal letters, TOS, term sheets and commitment letters. They will take the lead on the internal credit process for obtaining approvals of credit proposals.
Responsible for performing the functions of the position with only periodic oversight and is expected to perform with minimal supervisory intervention.
Evaluate credit opportunities for suitability with respect to Community Developmentgoals, underwriting standards and credit policy.Collaborate with RM in preparation of TOS and commitment letter.Takes lead in underwriting process including thorough, sound risk assessment, CPS preparation and compliance with credit policy, including appropriate disclosure of exceptions.Effectively balances being thorough with being concise.Exhibits knowledge of a broad range of loan terms and conditions and understanding of loan documentation.
Works in conjunction with Relationship Management to secure credit approval for all proposals.Proactively recognizes potential credit issues and collaborates with RM to articulate appropriate mitigants. Consistently adheres to all regulatory compliance requirements.Takes lead, working with RM, to negotiate loan documents and ensure loans are closed in accordance with approvals.
Specific tasks may include: Running financial models using a variety of formats/systems, preparing CPS/T&C/Appendices for new credit and renewal requests, Sponsor/Guarantor analyses, completion of regular compliance checks and reviewing Borrowing Base certificates (when applicable). Portfolio and Risk Management
Oversees assigned portfolio of credits, anticipates portfolio problems, identifies and develops solutions, handles multiple demands and competing priorities, meets deadlines and schedules associated with maintaining portfolio compliance with credit and risk policies. May audit loans post closing to ensure documentation is in accordance with approval.
Actively and effectively manages assigned portfolio including, but not limited to: Completing annual project and sponsor reviews, proactive proper completion and validation of credit grading models, evaluates monthly/ quarterly covenant and financial reporting monitoring requirements initiating follow up action in conjunction with RM as necessary, tracking of delinquency, exceptions, matured loans and collateral monitoring. Effectively maintains high quality credit file documentation.
Manages a portfolio of moderate to medium complexity credits, with complex organization structures, documentation and/or collateral structures. Some credits may have higher complexity characteristics. May be responsible for some larger exposures.
Anticipates portfolio/credit problems and takes action to develop solutions in partnership with RM or PM TL.
Some travel required. Qualifications
- Bachelor Degree required: Business administration, finance, accounting and/or economics preferred.
- 5 - 7 years of experience and exhibited competency in financial analysis and credit structuring, understanding and applying credit policy, and credit monitoring and risk administration practices.
- Prior portfolio management experience to include proposing credit and covenant structures and documenting loans.
- Commercial Real Estate experience - debt, equity or development - experience is preferred.
- Equivalent work experience may be considered as alternative to formal degree program completion.
- Capable of interpreting and detecting issues with property, guarantor and sponsor financial performance and can put them into the context of the client's history articulating possible impacts of such changes to the risk profile of the credit.
- Independently applies the conditions of credit decision to the different types of credits contained within the portfolio to ensure that all monitoring and tracking requirements are met and that all documentation is up-to-date per policy.
- Ensures loan agreement is in accordance with approval documents. Identifies potential issues contained within loan documentation and takes steps to address the issues, in consultation with RM. Key voice with the interaction of the client in closing transactions.
- Manages compliance and control routines related to the credits contained in the assigned portfolio.
- Strong verbal and written communications and interpersonal skills.
- Independently follows up with borrowers to address missing financial information or to resolve covenant violations on a timely basis.
- Ability to engage with customers directly and may accompany RM on client visits or attend client meetings.
- Competency with critical and analytical thinking and is able to identify connections between issues and actions needed to resolve issues for credits contained within the portfolio to ensure continued compliance with credit and risk policies and practices.
- Completion of formal credit training program or up to 3 to 5 years of equivalent experience with financial analysis, credit structuring, and preparation of credit analysis in a variety of formats required. CRE experience preferred. Exhibits more developed knowledge of credit, risk and portfolio administration as well as commercial sales and commercial products practices and processes.
- Effective verbal and written communication skills, able to multi task and function under pressure to meet deadlines, organizational skills and customer service skills.
- Word, Excel, Argus, Power Point, spread sheet modeling. Knowledge of systems that may include RACR, ORA, FACT, and MFA.
Hours and Work Schedule
Hours per Week: 40
Work Schedule: Monday - Friday Why Work for Us
At Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.Equal Employment Opportunity
It is the policy of Citizens Bank to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, marital or domestic partner status, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer/Disabled/Veteran
Citizens Bank is a brand name of Citizens Bank, N.A. and each of its respective subsidiaries.