Portfolio Manager

$90,000 - $120,000/Yr

Seattle Bank - Seattle, WA

Full-time - Mid Level

Seattle, WA

Credit Intermediation and Related Activities

About the position

Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business, and partner banking services. We are currently seeking an experienced professional to fill the role of Portfolio Manager. This position is responsible for the analysis and underwriting of moderate to complex loan applications and portfolio management. The Portfolio Manager applies exceptionally strong credit skills and experience to structure loans with high complexity, balancing sales goals with strategic risk management to ensure risk is appropriately mitigated. This position is responsible for continual monitoring of the loan portfolio to ensure credit files are complete and well-maintained and notifying the Credit Administrator and Chief Credit Officer of any potential adverse information and trends. In this role, you will gather and analyze credit information on current and potential borrowers, prepare written summaries and financial trend analyses, underwrite commercial and consumer credit requests, and recommend loan structures based on the financial condition of the client. You will also track changes and update credit approvals, ensure compliance with Seattle Bank's credit policy, and collaboratively prepare credit approval presentations with the Relationship Managers. Additionally, you will research the economic environment and assess non-financial risks associated with borrowers, manage a portfolio monitoring system, review third-party reports, and monitor loan/financial covenants for compliance. This is an in-person position located in Seattle, WA, and you will have the opportunity to mentor junior Credit Analysts by providing training and assistance. The ideal candidate will have a Bachelor's Degree and five or more years of credit analysis or related experience, with a strong understanding of credit principles and commercial lending best practices.

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 commercial and consumer credit requests and recommend loan structures by drawing conclusions from the information provided as to the financial condition of the client and identifying key credit 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.
• Mentor junior Credit Analysts by providing opportunities for assistance and training.

Requirements

• Bachelor's Degree and five (5) or more years of credit analysis or related experience.
• Formal bank credit training program preferred or certification in RMA or Omega.
• Experience underwriting new commercial real estate and/or lines of credit loan 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., Moody's Risk Analyst, Buker's Tax Analysis).
• Proficiency with Microsoft Office programs.
• Expertise in Microsoft Excel is a plus.
• Very strong verbal and written communications skills.
• Ability to communicate well with loan officers, clients, and Bank management.
• Excellent organizational and time management skills.
• Ability to work with minimal supervision while performing duties.

Benefits

• Commuter assistance
• Stock options
• Disability insurance
• Health insurance
• Dental insurance
• 401(k)
• Employee assistance program
• Vision insurance
• 401(k) matching
• Life insurance
• Paid sick time