Sunday, August 1, 2010

Portfolio Management Team Leader

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Employment Type: Regular

Full/Part Time: Full-time

Division: Division Risk Management

Job Description: GENERAL FUNCTION: Provides support to relationship managers, often with large portfolios that have very complex degree of difficulty, in their daily duties in underwriting and monitoring credit, existing and proposed credit requests, providing high level customer service support, assisting in cross sell effort and performing special projects for the Credit Officer or Senior Credit Officer. Reviews documentation required for the processing of loans, reviews status of existing loans, takes appropriate action on loans that are mature or past due, and assists relationship managers in loan closings. Reviews and underwrites loan portfolios, assuring compliance with loan policy and credit quality standards. Assigns, with the assistance of the Credit Dept, the proper credit risk grade to loans. The Portfolio Management Team Leader is typically utilized in affiliates where the majority of loans are of moderate to advanced complexity.

ESSENTIAL DUTIES & RESPONSIBILITIES: * Supports the Department Manager, Team Leader, and/or Relationship Managers in their sales and credit underwriting efforts including industry and company research, Blue memo preparation and assisting in the sales proposal process, including accompanying the Relationship Managers on customer and prospect calls, and various other sales/customer oriented projects. This position would include loan approval authority up to a certain loan amount. * Supports the Relationship Manager in monitoring customer performance, abilities, and industry to determine that loan is an acceptable risk. This will consist of but not be limited to statement, covenant and insurance tracking, Dual Risk Rating updates, and Admin Loan Status Report updating and other commercial scorecard items. * Completes all requirements of loan bookings, to include all preparation, review, documentation and filing. * Develops a working knowledge of all customers, businesses, and prospect opportunities. * Responsible for all loan document preparation, including third party document coordination, completion and review. * Collects and reviews all required collateral information. * Reviews current account status, to include but not limited to, Past Due accounts and Notes Matured. Makes appropriate recommendations for these accounts. * Approves or rejects loans within specified credit limits. Engages the Credit Officer on more complex loans. * Establishes, implements and manages administrative and review systems and procedures to protect the quality and profitability of the loan portfolio. * Identifies potential problem credits working with loan workout specialists to restructure the credit and/or minimize the losses. * Monitors and reports loan payment delinquencies and past due maturities of loan obligations. * Recommends additions to Administrative loan list, non-accrual and charge-off status. * Advises and implement a strategy for loans identified as an 'exit'. * Advises credit and loan personnel of the company's overall lending policy, noting significant trends and recommending policy changes if necessary. * Establishes workflow priorities within Credit Services. * Ensures proper documentation is received on all credit relationships. * Provides training and education for junior Portfolio Managers, Credit Analysts and Credit Services personnel. SUPERVISORY RESPONSIBILITIES: * Responsible for the supervision and management of assigned staff, which may include Small Business Underwriters, Lending Officers, Workout Officers, Credit Analysts or other support staff. * Helps establish, implement and monitor the credit department portfolio goals and objectives. * May be responsible for staffing, performance reviews, scheduling, disciplinary actions and termination of employees.

Requirements MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: * Bachelor's degree in accounting, finance or economics preferred or equivalent work experience required. * Typically requires 8 -10 years experience in credit or commercial banking. * Deep understanding of credit policies, procedures and decisioning tools. * Familiarity with the Bank's internal applications is a plus. * Requires strong oral, written communication, and negotiation skills. * PC proficiency with Windows based word processing and spreadsheet applications.

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