Portfolio Manager Jobs

C&I AVP & Portfolio Manager – Wayne, NJ

FinTrust Connect is excited to announce that we have partnered with a well-capitalized regional bank in search of an experienced C&I Portfolio Manager. This candidate will be responsible to help providing ongoing credit oversight and portfolio management of the C&I loans through annual reviews, and monitoring of covenant compliance.

Why this Opportunity?

Culture: This bank values a strong team-oriented culture that prioritizes inclusivity and professional development. They believe in creating a supportive and collaborative work environment where all employees feel valued and empowered to reach their full potential. This institution is committed to fostering a positive and family-like atmosphere within the bank and to provide opportunities for career advancement and growth for their employees.

Workplace (On-site, Hybrid, Remote): Hybrid (3 in office/2 at home) in Wayne, NJ.

Function: Take on full account management responsibility for C&I loans and provide ongoing credit oversight and portfolio management through annual reviews, monitoring of covenant compliance, and the creation and maintenance of “Watch List” credits.

Requirements:

• Formal credit training
• College degree
• Minimum of five (5) years of related work experience in lending, collections, bankruptcy, and foreclosure

Description:

• Manages portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
• Manages and tracks borrowing bases, A/R Aging, etc.
• Orders appraisals, flood searches, and credit reports.
• Negotiates and recommends for approval, financial covenant waivers and loan modifications.
• Daily monitoring of all overdrafts for C&I relationships.
• Consults with customers regarding their financial performance trends and pro-actively anticipates and manages deteriorating credits.
• Assumes full account management responsibility for C&I loans.
• Interacts with Loan Officers, Borrowers or CPAs to obtain necessary financial information required to complete annual reviews.
• Recommends specific action plans upon identifying increased borrower credit risk to mitigate non-performing / non-accrual loan status.
• Assists SVP Director of Portfolio Management with monthly reporting as required.