Commercial Portfolio Manager - Puerto Rico

Full-time - Mid Level

Hato Rey, PR

Credit Intermediation and Related Activities

About the position

Banesco USA is seeking a Commercial Portfolio Manager - Puerto Rico for our Portfolio Managers business unit. The role involves monitoring existing lending relationships, evaluating risk ratings, and managing the overall portfolio to detect early warning signs of credit deterioration. The manager will partner with loan officers to structure and underwrite new relationships and modifications of existing loans, ensuring timely processing and documentation. The position also requires preparing financial spreads, analyzing third-party reports, and coordinating loan portfolio reports for executive management.

Responsibilities

• Monitors existing lending relationships assigned to their portfolio and completes annual, semiannual or quarterly reviews as required in a timely manner.
• 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 PR Senior Credit Officer, PR Market President, Special Assets and the 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 uploads all packages for credit underwriting and approval.
• Reviews and analyzes all third-party reports.
• Acts as a liaison between other departments of the bank to ensure the renewals and/or modifications are processed in an efficient and timely manner.
• Documents borrower's file with 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.
• Monitors industry trends and analyzes specific industry trend area to identify potential areas of risk in the loan portfolio.
• Prepares and/or coordinates loan portfolio reports and executive presentations, as requested by the PR SCO and/or executive management.
• Responsible for completing annual training program assigned.
• Performs other functions and/or duties as assigned.

Requirements

• Education: Bachelor's Degree required for consideration or the equivalent in experience. MBA is preferred.
• Experience: Three (3) to Five (5) 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 fully bilingual in both English and Spanish.
• 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, 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.).
• 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.

Benefits

• Competitive salary
• PTO
• Tuition reimbursement
• Paid parental leave
• Medical, Dental, Vision
• 401k match
• Life Insurance
• Supplemental Insurances
• Short-Term & Long-Term Disability Benefits