Portfolio Manager II

$95,000 - $204,000/Yr

Unclassified - McKinney, TX

Full-time - Mid Level

Onsite - McKinney, TX

About the position

The Portfolio Manager II at BancorpSouth Bank - Cadence Bank plays a crucial role in managing an assigned portfolio of commercial loans. This position is primarily responsible for underwriting, structuring, documenting, and monitoring loans under the supervision of the Commercial Loan Division Manager or Senior Portfolio Manager. The Portfolio Manager collaborates closely with various departments, including credit, appraisal, loan operations, credit administration, and lending administration, to ensure the effective management of the loan portfolio. In this role, the Portfolio Manager acts as an extension of the relationship team, sharing the responsibility for developing comprehensive solutions for credit, deposit, and no-credit products and services. The position requires a strong focus on the credit approval process, where the Portfolio Manager assists in preparing credit requests, ensuring the completeness and accuracy of documentation, and evaluating the financial analysis of companies. This includes underwriting companies with potential risk exposure to the bank and completing the approval and commitment processes while ensuring compliance with Credit Policy. Client interaction is a significant aspect of this role, as the Portfolio Manager communicates final deal structures, pricing, and terms to clients and the sales team. Regular visits to clients to review their performance and financials are expected, along with identifying cross-sell opportunities. The Portfolio Manager also provides guidance and mentoring to credit analysts and lending assistants, ensuring that all post-loan closing activities are accurate and complete. Additionally, the Portfolio Manager is responsible for monitoring and reviewing loan covenants, proactively managing credit risk, and ensuring compliance with loan documentation requirements. This role requires a detail-oriented individual who can manage multiple tasks effectively while maintaining a high level of accuracy and integrity in all dealings.

Responsibilities

• Underwrite, structure, document, and monitor an assigned portfolio of commercial loans.
• Assist in the preparation of credit requests including new originations, renewals, modifications, and prospect briefings.
• Ensure completeness and accuracy of approval documentation in the loan approval process.
• Evaluate, structure, and ensure the quality and integrity of all financial analysis.
• Complete all credit request package documents, including risk ratings and financial analysis.
• Underwrite companies with risk exposure to the bank.
• Complete approval and commitment processes ensuring compliance with Credit Policy.
• Communicate final deal structure, pricing, and terms to clients and the sales team.
• Frequent client visits to review performance and financials.
• Serve as primary liaison for client prospects and interact with existing customers.
• Provide guidance and mentoring to credit analysts and lending assistants.
• Monitor and ensure compliance on loan covenants and documentation requirements.
• Proactively manage credit risk and exposure for assigned portfolios.
• Conduct formal credit review processes and audits.

Requirements

• Bachelor's degree preferred.
• Thorough knowledge of financial statements and accounting principles.
• 3 years of experience as a Credit or Loan Workout Officer preferred.
• 5 years of experience in Senior Credit, Loan, or Workout roles preferred.

Nice-to-haves

• Experience in commercial lending or portfolio management.
• Strong negotiation skills and client relationship management experience.