Description
First Resource Bank, a thriving community bank headquartered in Exton, PA, and recognized as one of the “Best Places to Work,” is seeking an experienced and motivated VP, Portfolio Manager to join our Credit Administration team.
The VP, Portfolio Manager plays a key role in supporting the ongoing management and administration of the Bank’s commercial lending portfolio. Reporting to the Chief Credit Officer, this position partners closely with lenders, credit professionals, and customers to ensure the portfolio is proactively managed, credit relationships are appropriately monitored, and loan requests and renewals are supported with complete and accurate documentation.
In addition, the VP, Portfolio Manager will support construction and collateral functions within the Credit Administration Department. This may involve coordinating construction lending draw requests from Borrowers. The VP, Portfolio Manager may also complete 2nd level appraisal reviews, flood insurance checklists and municipality statement reviews as needed on a secondary basis. Appraisal, flood insurance and municipality statement reviews are primarily the responsibility of the Sr. Credit Officer.
This is an excellent opportunity for a collaborative credit professional who enjoys working across departments, building relationships, analyzing credit, and contributing to the overall strength and quality of a commercial loan portfolio.
Requirements
Monitor Commercial Loan Portfolio
- Work closely with the lending team to oversee a segment of First Resource Bank’s commercial loan portfolio, encompassing approximately 3-4 designated Lenders and roughly $350 to $400 million in outstanding loan balances.
- The Portfolio Manager, VP may be asked to hold a portion of stabilized portfolio loans in their name without direct lender support.
- Monitor annual review dates, financial ticklers and covenants to ensure First Resource Bank is maintaining current files for its loans and reviewing loans to determine risk in a timely manner.
- Contact customers in coordination with the Lender on a regular basis with a focus on a high level of customer service to collect documentation and information needed for the loan files.
Prepare Annual Reviews:
- Review customer financial information to determine financial performance and ability to continue servicing debt while identifying any potential weaknesses or risks based on updated information.
- Prepare annual review memos with Risk Rating recommendation to be presented based on First Resource Bank’s existing loan policy and exposure thresholds.
- Prepare monthly Borrowing Base Certificates for relationships that require regular monitoring.
- Prioritize collection of financial documentation and completion of reviews based on relationship exposure, last annual review date, covenant measurement requirement and other identified portfolio risk factors.
Credit / Loan Administration:
- Assist in providing new loan request packages to the credit analyst queue by ensuring packages are complete with all necessary information to complete underwriting.
- Maintain outstanding relationship and teamwork with other credit, lending and loan administrative staff.
- Assist in coordinating required loan information with 3rd party loan review partner, bank examiners, CPA firm, etc. Assist these groups with accessing information in the Jack Henry bank enterprise core system as needed.
Construction/Collateral:
- Support construction loan draw requests as needed by providing customer requests with supporting documentation to construction loan manager.
- Support appraisal review process by completing 2nd level internal appraisal review checklist for certain loans >$1.0 million. This would be a secondary support function for the Senior Credit Officer.
- Support flood insurance review process by completing pre-closing flood insurance acceptance checklist for certain loans located in a flood plain. This would be a secondary support function for the Senior Credit Officer.
- Assist in coordinating preliminary and ongoing property, environmental and credit report orders as needed for new loans and existing portfolio loans.
Competencies:
- Able to multitask while prioritizing responsibilities and tasks.
- Able to communicate clearly orally and written
- Effective inter-personal skills, working in a team environment
- Highly organized, reliable and effective with management of time.
- Strong analytical, problem solving and mathematical abilities
- Ability to work extra hours including early mornings, evenings and weekends as needed to accommodate customers, prospects, community events, etc.
- Ability to function well in a high-paced and at times stressful environment.
- Excellent time management skills with a proven ability to meet deadlines.
- Proficient with Microsoft Office Suite and various specific bank related software
- Work with the Credit Department Manager and Chief Credit Officer in analyzing portfolio trends, delinquency trends, and other aspects of monitoring the loan portfolio.
Supervisory Responsibilities:
Education and Experience:
- College degree preferred, particularly in related field of study such as Business Administration, Accounting, Finance, Economics, etc.
- Previous credit and portfolio management experience for a minimum of 7+ years in banking industry.
Physical Requirements:
- Ability to travel both inside and outside the Bank primary area to meet with partners, clients and to attend meetings as needed.
- Prolonged periods of sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
First Resource Bank is an Equal Opportunity Employer
