Description
The Portfolio Manager 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.
- 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.
- The individual will monitor the performance of existing borrowers within assigned portfolio and ensure compliance with financial covenants.
- Assist the Relationship Manager in structuring more advanced credit transactions, developing proposal letters, TOSs, term sheets and commitment letters. They will take the lead on the internal credit process for obtaining approvals of credit proposals.
- Perform the functions of the position with only periodic oversight and is expected to perform with minimal supervisory intervention.
Qualifications
- 10-15 years of commercial credit experience primarily in Commercial Real Estate
- 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
Hours & 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, and Citizens Bank of Pennsylvania.
Job Sector
Not specified
Experience
10+ to 15 years
This job is no longer active.