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Stearns Bank N.A. · 1 month ago

Sr Portfolio Manager (CRE & OREO)

St. Cloud, MN, US

Full-time

Onsite

Senior Level, Lead/Staff

$105K/yr - $115K/yr

10+ years exp

Stearns Bank is a financial institution focused on helping people and businesses reach their financial potential. They are seeking a Senior Portfolio Manager to manage complex National Commercial Real Estate and Other Real Estate Owned portfolios, ensuring credit quality and proactively identifying credit risks and revenue opportunities.

Financial Services

Responsibilities

Manage a portfolio of existing credit relationships ensuring credit quality, soundness of risk ratings, condition of credit files and adherence to Bank loan policy

Complete and document a defined number of loan reviews, which includes a preliminary evaluation of financial records, on a quarterly basis for all loans in the portfolio and classified in regular servicing status

Prepare material change forms and file comments, as applicable, to document material changes to the loan since approval

Assist the credit department with completing loan presentations or quarterly reviews to the chief credit officer or loan committee

Respond to customer inquiries, credit requests or servicing requests in a timely manner that is consistent with Bank loan policy

Review daily reports of delinquent loans and take affirmative action to collect payments on past-due accounts

Document customer communications, both written and verbal, in designated record-keeping platforms

Conduct reviews of existing loan arrangements for compliance and exception monitoring, which is also known as 'quality control reviews.'

Monitor delinquent real estate tax reports

Monitor all insurance requirements associated with the loan and determine whether force-placed insurance is appropriate

Assist bank management with special projects or business development initiatives on an as-needed basis

Qualification

Commercial Real EstateAnalytical SkillsBanking Products KnowledgePresentation SkillsOrganizational SkillsTeamworkCommunication SkillsFlexibility

Required

Bachelor's degree or equivalent from a four-year college or university; and/or a minimum of 10 years related banking experience; or equivalent combination of education and experience

Prior experience with commercial real estate, complex structures and OREO

Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry, competition, and projections

Solid understanding of basic banking products, commercial lending products and ability to match solutions with the borrowers

Excellent organizational skills, attention to detail and the ability to work in a fast-paced environment

Ability to perform job responsibilities with minimal direction

Strong presentation, written and verbal communication skills

Ability to work independently and within a team

Flexible

Occasionally lift and/or move up to 10 lbs

Literacy in English

Ability to sit for extended periods of time, twist, bend, sit, walk use hands to twist, handle or feel objects, tools or controls, such as computer mouse, computer keyboard, calculator, stapler, telephone, staple puller, etc., reach with hands and arms, balance, stoop, kneel, talk or hear

Specific vision abilities required by the job include close vision, distance vision, peripheral vision, depth perception and the ability to adjust focus

Benefits

Employee Stock Ownership Plan & 401k Plan

Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)

12-week Paid Medical Leave

Paid Parental Leave: 21-weeks Primary Care Parent, 14-weeks Secondary Care Parent

$5,000 Family Care Reimbursement: Childcare, Elder Care, Student Loan Debt, Pet expenses, down payment assistance

PTO from 13 to 23 days depending on tenure. Cashout and Carryover options.

10 Days Sick Time

11 Paid Holidays

4 Days Volunteer Time

2 Days Self Allowance Time

Tuition Assistance

Company

Stearns Bank N.A.

Stearns Bank National Association is a majority women-owned and governed financial services institution committed to empowering people, entrepreneurs, small businesses, and local communities to reach their full financial potential.

Founded in 1912

Saint Cloud, Minnesota, USA

501-1000 employees