Seattle Bank · 11 hours ago
Portfolio Manager
Seattle, WA
Full-time
Onsite
Mid, Senior Level
$90K/yr - $120K/yr
3+ years expSeattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. The Portfolio Manager is responsible for analyzing and underwriting moderate to complex loan applications and managing the loan portfolio while balancing sales goals with strategic risk management.
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Responsibilities
Gather and analyze credit information on current and potential borrowers including preparation of financial statement spreads for borrowers and guarantors. Prepare written summaries and financial trend, cash flow, and collateral analyses
Underwrite moderate to complex commercial, small business, and C&I credit requests and recommend appropriate loan structures by drawing conclusions from the information provided as to the financial condition of the client and its guarantors and identifying key credits risks and mitigating factors
Track changes and update credit approvals with additions, modifications, and clarifications as the package is vetted by the Credit Administrator, Chief Banking Officer, Chief Credit Officer, and Loan Committee
Ensure compliance with Seattle Bank’s credit policy and procedures and identify policy exceptions
Collaboratively prepare credit approval presentations with the Relationship Managers
Research economic environment, business and industry cycles, management, and operation assessment to understand non-financial risks associated with the borrowers
Work in concert with Credit Administrator and Relationship Managers to organize and manage a portfolio monitoring system on all loan relationships
Review and analyze third party reports such as appraisals, environmental reports, and credit bureau reports
Monitor periodic loan/financial covenants to determine compliance, notifying appropriate parties for non-compliance
Contact borrowers to obtain updated financial information to ensure quality of documentation within files
Assist in the preparation of problem loan reports on adversely graded borrowers and assist in loan workouts as appropriate
Assist with special projects as assigned including, but not limited to, preparation of management reports
Mentoring Credit Analysts by providing opportunities for assistance and training
Qualification
Required
Bachelor's Degree and three (3) or more years as a Portfolio Manager and/or other related credit experience
Experience underwriting new commercial real estate and/or lines of credit loans with minimal oversight
Broad knowledge of credit principles and commercial lending best practices
Experience, knowledge, and training in financial statement and tax return analysis typically resulting from a combination of education and courses in accounting, financial, and credit analysis
Proficiency with financial spreading software (e.g., CreditQuest, Moody's Risk Analyst, Buker's Tax Analysis) and an understanding of basic accounting principles
Proficiency with Microsoft Office programs. Expertise in Microsoft Excel is a plus
Very strong verbal and written communications skills
Ability to communicate well with Relationship Managers, clients, and Bank management
Excellent organizational and time management skills
Ability to work with minimal supervision while performing duties
Preferred
Formal bank credit training program preferred or certification in RMA or Omega
Benefits
Medical/Vision, and Dental insurance
Life Insurance, Long Term Disability, Voluntary Life
401K with Bank contribution, Stock Award, and Incentive Opportunity
Paid Time Off:
Vacation – 3 Weeks
Sick Time – 1 hour per 40 hours worked
Holidays – 10 days
Transportation and fitness benefits
And fun, extra perks such as company social events, paid volunteer hours, quarterly incentive awards, and professional development opportunities.
Company
Seattle Bank
Seattle Bank is a bank that provides community banking services.
51-200 employees
Funding
Current Stage
Growth StageLeadership Team
Christopher Bryan Johnson
Chief Financial Officer
Keith McCullough
Chief Credit Officer
Recent News
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2023-06-23
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