The Portfolio Manager Sr role is part of the credit management team focused on delivering long-term risk-adjusted returns for the bank within the assigned business segment and/or geographic area. This position manages a sub-set of existing credits and plays a key role in originating new credits. Location: Los Angeles, CA 90071.
What is the Opportunity
The Portfolio Manager Sr provides comprehensive credit recommendations and presentations to key risk partners regarding prospects and existing clients, including moderate to complex new credit structures, modifications, and extensions. These recommendations are based on a thorough review of the borrower and guarantor financials, which may include current and historical financial statements, tax returns, projections, and cash flow pro formas. The incumbent will present credit recommendations within the bank's risk appetite and framework, adhering to bank policies, processes, and procedures. A strong client-service orientation and credit acumen are expected to respond to credit needs in a timely manner. Ongoing oversight and management of the portfolio is required, including timely risk rating assessments, reporting covenants, covenant compliance, and the preparation of quarterly and annual reports.
What You'll Do
- Teamwork: Mentors junior colleagues and fosters a culture of continuous improvement and professional growth.
- Portfolio Management: Owns and manages an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices, including underwriting all types of credit exposures, managing credit risk, and responding to prospective client inquiries.
- Credit Analysis: Analyzes credit data and performs underwriting to assess creditworthiness and recommend appropriate structures to the Sales team and client; prepares underwriting memorandums and approval documents for presentation to Credit Risk.
- Performance Monitoring: Conducts portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
- Data Analysis: Analyzes credit data to support underwriting and creditworthiness assessments, including developing and presenting individual credit recommendations.
- Risk Management: Maintains effective risk management practices, upholding high standards of credit quality and origination in line with the bank's credit risk appetite and regulatory requirements.
- Collaboration: Partners with Relationship Managers to successfully manage credit account relationships and works with cross-functional teams to ensure cohesive credit operations aligned with strategic initiatives.
- Client Service: Delivers exceptional client service, understanding client needs and providing tailored credit solutions; participates in joint sales pitches with Relationship Managers.
What You Need to Succeed
Required Qualifications
- Bachelor's Degree or equivalent in Finance, Business or related field
- Minimum 7 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
Additional Qualifications
- Extensive experience in credit management and lending operations, with a strong understanding of risk management principles
- Desire to build leadership and coaching skills, with the ability to train and develop talent
- Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams
- Extensive analytical skills, with the ability to interpret complex data and make informed decisions
- Industry-specific knowledge and expertise
What’s In It For You
Starting base salary: $122,535 - $208,715 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
- Get a more detailed look at our Benefits and Perks
