Portfolio Manager at Seattle Bank

Seattle, Washington, United States -

Full Time

Start Date

Immediate

Expiry Date

10 Mar, 26

Salary

0.0

Posted On

10 Dec, 25

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Credit Analysis, Loan Underwriting, Financial Statement Analysis, Risk Management, Commercial Lending, Communication Skills, Organizational Skills, Time Management, Mentoring, Portfolio Management, Economic Research, Compliance, Problem Loan Reporting, Financial Spreading Software, Microsoft Office, Excel

Industry

Banking

Description

Description Who We Are At Seattle Bank, we take a personal approach to banking. Locally owned and managed, we are a digitally-driven boutique bank serving families and businesses in the Greater Puget Sound region and delivering partner banking services to companies nationwide. Our experienced team of bankers blends big-bank solutions with boutique-bank service, focusing on building relationships that last and solutions that succeed. From smart technologies that give our clients more control to creative solutions that can make money work smarter, we’re always building better ways to bank. Seattle Bank is one of a small number of banks in the country with a cloud-based, open API core banking system. This technology stack supports our growing array of personal and business banking offerings, as well as our partner banking services that enable fintech's, marketplaces, and brands to embed banking transactions into their customer experience. Ranked in the top ten percent of banks nationally for return on assets and efficiency, Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company. Position Summary Seattle Bank is 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 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. This is an in-person position located in Seattle, WA. Essential duties 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. Requirements Bachelor’s Degree and three (3) or more years as a Portfolio Manager and/or other related credit experience. Formal bank credit training program preferred or certification in RMA or Omega. 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. Seattle Bank Benefits We’re committed to delivering our promise of peace of mind to our clients and fostering a collaborative, inclusive and supportive workplace for our team members. Our comprehensive benefits program for eligible employees includes: 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.

Responsibilities

The Portfolio Manager is responsible for analyzing and underwriting moderate to complex loan applications while managing the loan portfolio. This includes monitoring credit files, ensuring compliance with credit policies, and collaborating with Relationship Managers.