Truist · 4 months ago
Portfolio Manager or Senior Portfolio Manager - Wholesale Credit Delivery - Middle Market segment
Washington, DC
Full-time
Onsite
Senior Level
$120K/yr - $160K/yr
5+ years expTruist Bank is seeking a Senior Portfolio Manager to underwrite credit exposure for Wholesale Banking clients and manage a Middle Market portfolio. The role involves client interaction, risk management, and adherence to regulatory guidelines, with a focus on identifying credit problems and industry trends.
BankingFinanceFinancial Services
Responsibilities
Underwriting: Leads the entire commercial underwriting process both internally and externally with prospects and clients
Underwrites and documents all prospect and client transactions
Possesses a mastery of client expertise, analyzes individual company performance and drives accurate ordering of real estate valuations, environmental assessments and Uniform Commercial Code (UCC) searches
Act as liaison with Commercial Fulfillment and Commercial Sales Assistant (CSA)
Provides independent analysis of financial statements and business plans; identifies and mitigates key risks
Recommends and models appropriate loan structures and while maintaining expertise around the bank’s suite of ancillary products
Is accountable for the risk evaluation and associated regulatory compliance requirements
May require specialized underwriting skills for Commercial and Industrial, Commercial Real Estate, Corporate Banking, Working Capital and other Truist product offerings
Portfolio Management: Accountable for and manages assigned portfolio by monitoring performance and trends, identifying issues and following through for remediation
Responsible for risk rating integrity, annual reviews as well as financial statement spreading, compliance and regulatory review
Manages all amendment and waivers in the assigned portfolio
Is expected to be anticipatory, forward focused, independent, transparent and collaborative in identification, communication, and all aspects of management of risk
Client Calling Effort: In conjunction with other internal product partners, applies knowledge of credit policy, pricing and structure to develop solutions that meet the client's needs and the Bank's risk acceptance criteria
Manage data integrity of all data inputs and outputs
Review and update loan systems information to ensure accuracy
Span of Control: no direct reports, but encompasses regular communication with Clients and Prospects, Portfolio Management teammates, Relationship Managers, Credit Risk Managers, Credit Review partners, Technology, and other internal and external audit and examiner functions
Decision-Making and Autonomy: Teammates in this role are charged with providing independent current and forward looking risk view on clients within the assigned clients/prospects and portfolio
They author independent risk recommendations including, but not limited to; risk rating, compliance, underwriting
The recommendation is finally approved by ultimate risk approval officer
Problem Complexity: Complex
Portfolio Manager & Underwriters will be responsible for underwriting and management of significant client exposure
Leadership / Influencing / Negotiating / Persuading: Yes, teammates in this position are required to develop an independent point of view and provide recommendations to appropriate decision makers
Expected to mentor all junior talent as well as LOB partners as appropriate
Project or Program Management: Must be able to handle a large portfolio of complex/levered clients in addition to taking a leadership role in activities outside of day-to-day portfolio responsibilities that benefit the PM platform as a whole
Nature and Area of Impact, including Risk: Must deliver solid credit and underwriting analyses and risk rating recommendations
Key risk drivers are credit and operational
Qualification
Required
Bachelor's Degree in Finance or related field and at least 5+years of related training and experience in commercial credit analysis
Mastery level proficiency with MS Office Desktop applications
Strong interpersonal skills and solid written/verbal communication are essential
Sound credit skills essential
Must have strong attention to detail
Ability to prioritize workflow and multi-task in a fast-paced environment
Preferred
Has successfully held similar role with commercial financial institution or like experience
Industry or sub-sector expertise
Mastery of Truist Bank operating systems inclusive of COMPASS and other Commercial applications (i.e. MRA, salesforce.com, nCino)
Benefits
Medical
Dental
Vision
Life insurance
Disability
Accidental death and dismemberment
Tax-preferred savings accounts
401k plan
No less than 10 days of vacation
10 sick days
Paid holidays
Defined benefit pension plan
Restricted stock units
Deferred compensation plan
Company
Truist
Truist is the sixth-largest commercial bank in the U.S.
10001+ employees
H1B Sponsorship
Truist has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
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Trends of Total Sponsorships
2025 (313)
2024 (247)
2023 (288)
2022 (275)
2021 (278)
2020 (270)
Funding
Current Stage
Late StageTotal Funding
unknown2021-01-01Seed
Leadership Team
Michael Maguire
Chief Financial Officer
James Cordovana
SVP of Cloud Security Enterprise Architect
Recent News
Maryland Daily Record
2026-01-03
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