Banesco USA · 2 days ago
VP, Commercial Portfolio Manager
Miami, FL
Full-time
Hybrid
Mid, Senior Level
7+ years expBanesco USA is seeking a VP, Commercial Portfolio Manager for our Portfolio Managers business unit. The role involves monitoring lending relationships, ensuring compliance with loan agreements, and collaborating with Loan Officers on structuring and underwriting new and existing loans.
BankingFinanceFinancial Services
Hiring Manager
Renzo Gagliardi
Responsibilities
Monitors existing lending relationships assigned to their portfolio and completes annual, semi-annual or quarterly reviews as required in a timely manner. Prepare monthly Watch List comments and quarterly Adversely Classified Reports where applicable
Maintains oversight of all ongoing monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement including (i) Financial Reporting and Covenant Tracking, (ii) Covenant Compliance, (iii) Collateral Monitoring and Borrowing Base Analysis, and (iv) all required third party reports, investigations and due diligence. Validates and analyzes reports such as Financial Statements, Borrowing Base Certificates, Collateral Field Examinations, Appraisals, Engineering Reports, etc., to verify compliance
Actively works on tracking tickler requirements, post-closing items and revisiting policy exceptions to determine current status. Reviews and clears financial exceptions and documentation exceptions. Works with the Lenders and Lending Associate(s) to clear exceptions
Evaluates pertinent information to determine risk rating and whether a prospect and/or existing credit is an acceptable risk
Thorough ongoing portfolio management, detects early warning signs of deteriorating credit trends and recommend risk rating changes where applicable. Escalates issues to appropriate levels and develops action plan with the Credit Officer, Head of Corporate Banking, Special Assets and Chief Credit Officer
Partners with the Loan Officers in structuring and underwriting new relationships as well as renewals, extensions, waivers and/or modifications of existing loans. Determines relationship monitoring needs while working with the Loan Officer and Underwriters during the underwriting process
Prepares all required financial spreads and Executive Summary and uploads all packages for credit underwriting and approval
Reviews and analyzes all third-party reports. Includes all pertinent information in Executive Summary
Acts as a liaison between the customer and other departments of the bank to ensure the renewals and/or modifications are processed in an efficient and timely manner
Works in conjunction with Loan Operations in maintaining all required insurance policies within appropriate coverage and are up-to-date by contacting borrower, insurance agent or respective insurance company
Documents borrower’s file with quarterly call memorandums in connection with lines of credit and annual inspections of real estate loans
Maintains a close follow-up on past due payments and maturities to avoid any past dues over 30 days
Ensures financial information request letter and/or renewal letter is sent to the borrower in a timely manner
Monitors industry trends and analyzes specific industry trend area to identify potential areas of risk in the loan portfolio
Responsible for completing annual training program assigned
Performs other functions and/or duties as assigned
Qualification
Required
Bachelor's Degree required for consideration or the equivalent in experience
Seven (7) + years of experience as a Credit Underwriter or Portfolio Manager
Advanced knowledge of overall Bank policies as well as credit policy and compliance regulations
Must be bilingual in both English and Spanish. Ability to fluently speak, understand, read and write both languages preferred
Strong customer service skills, ensuring satisfaction of both internal and external customers
Self-starter and independent worker
Strong attention to detail and accuracy
Problem solving and analytical skills in order to identify problems and present them to the appropriate parties
Strong verbal and written communication skills, ability to communicate at all levels of the organization
Ability to multi-task, with strong organization, time-management and prioritizing skills
Ability to work in a team environment, in order to ensuring compliance with department procedures
Advanced computer skills including but not limited to proficiency in Microsoft Office (Word, Excel, Power Point, Moody's, nCino etc.). Adept at learning and using new technology
Knowledge of related State and Federal banking compliance regulations and operational policies
Ability to understand and comprehend instructions, procedures and policies ensuring compliance with the Bank's policies and procedures
Preferred
Ability to fluently speak, understand, read and write both languages preferred
Benefits
Paid time off.
Hybrid schedule.
401k with employer match.
Tuition reimbursement.
Paid parental leave.
Free parking.
Medical, Dental, Vision
Life Insurance
Supplemental Insurances
Short-Term & Long-Term Disability Benefits
Company
Banesco USA
With a proud legacy since 2006, Banesco USA is at the forefront of revolutionizing the banking landscape.
201-500 employees
Funding
Current Stage
Growth StageTotal Funding
$11.91M2019-01-28Series Unknown· $11.91M
Leadership Team
Calixto (Cali) Garcia-Velez
President & Chief Executive Officer
Michel Vogel
Senior Vice President - Chief Credit Officer
Recent News
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