Associate Portfolio Manager

Unclassified - Chicago, IL

Full-time - Entry Level

Chicago, IL

About the position

The position involves providing essential support to relationship managers with small portfolios in their daily operations, particularly in the areas of underwriting and monitoring credit. The role is crucial in ensuring that existing and proposed credit requests are handled efficiently while maintaining a high level of customer service. The individual will assist in various tasks, including preparing necessary documentation for loan processing, reviewing the status of existing loans, and taking appropriate actions on loans that are either mature or past due. Additionally, the role includes assisting relationship managers during loan closings and performing special projects as directed by the department manager. In this role, the individual will support the Department Manager, Team Leader, and Relationship Managers in their sales and credit underwriting efforts. This includes conducting industry and company research, preparing Blue memos, and assisting in the sales proposal process. The individual may accompany Relationship Managers on customer and prospect calls, contributing to various sales and customer-oriented projects. The position requires a thorough understanding of loan bookings, which encompasses preparation, review, documentation, and filing of all necessary paperwork. The individual will also develop a working knowledge of all customers, businesses, and potential opportunities. Responsibilities include preparing loan documents, coordinating third-party documentation, and ensuring all required collateral information is collected and reviewed. The role involves monitoring current account statuses, particularly focusing on past due accounts and matured notes, and making appropriate recommendations based on these reviews. Furthermore, the individual will support the Relationship Manager in continuously monitoring customer performance, abilities, and industry conditions to assess the acceptability of loan risks. This will involve tracking statements, covenants, insurance, updating Dual Risk Ratings, and maintaining the Admin Loan Status Report along with other commercial scorecard items.

Responsibilities

• Support the Department Manager, Team Leader, and Relationship Managers in sales and credit underwriting efforts.
• Conduct industry and company research and prepare Blue memos.
• Assist in the sales proposal process and accompany Relationship Managers on customer and prospect calls.
• Complete all requirements of loan bookings, including preparation, review, documentation, and filing.
• Develop a working knowledge of all customers, businesses, and prospect opportunities.
• Prepare all loan documents, including coordinating third-party documentation.
• Collect and review all required collateral information.
• Review current account status, including Past Due accounts and Notes Matured, and make appropriate recommendations.
• Monitor ongoing customer performance, abilities, and industry conditions to determine loan risk acceptability.

Requirements

• Experience in credit underwriting and loan processing.
• Strong organizational skills and attention to detail.
• Ability to conduct industry and company research effectively.
• Excellent communication and customer service skills.
• Familiarity with loan documentation and filing processes.

Nice-to-haves

• Experience in a banking or financial services environment.
• Knowledge of commercial lending practices.
• Ability to work collaboratively in a team setting.

Benefits

• Health insurance coverage.
• 401k retirement savings plan.
• Paid holidays and vacation time.