This job has expired, please see additional jobs below
Business Banking Portfolio Manager
BankUnited
Miami Lakes, FL, United States
Job Details - this job has expired, please see similar jobs below
Job Description
SUMMARY: The (Senior) Business Banking Portfolio Manager (BBPM) will be the support for Portfolio Management related processes for an assigned portfolio of existing loans within Business Banking. BBPM will also exercise individually assigned lending authority, as granted by the BankUnited Board of Directors, to underwrite loans in accordance with Bank policy and regulatory safety and soundness standards.
ESSENTIAL DUTIES AND RESPONSIBILITIES: This position is comprised of two main components: Portfolio Management and Underwriting. These include, but are not limited to, the following as it relates to an assigned loan portfolio:
PORTFOLIO MANAGEMENT DUTIES:
• Serve as support contact for lending relationships, and closely communicate/escalate all critical issues items to the assigned portfolio to the Portfolio Credit Officer and/or Business Banking Credit Officer(s), as needed.
• Manage payment delinquencies, past due insurance renewals and real estate tax payments, with the assistance of the Portfolio Management Assistant.
• Actively review and manage Bank's tickler items, with the assistance of the Portfolio Management Assistant.
• Responsible for collection of financial information reporting in line with applicable loan agreements. This shall include preparation and follow-up of information request letters and communications to/with clients.
• Ensure early detection of potentially deteriorating credit quality within assigned loan portfolio upon receipt of financial or other information.
• Manage potential default situations in accordance with Bank procedure.
• Conduct covenant testing on lending relationships where covenants are required to be tested per the loan and credit agreement and/or credit approval.
• Assure portfolio is appropriately risk rated at all times. Generate risk rating changes forms for upgrading or downgrading lending relationships as needed.
• Prepare Business Banking Quarterly Portfolio Review for Business Banker presentation.
• Proactively manage criticized assets with heightened level of documented client communication and interaction, and establish acceptable actions plan to address identified concerns.
• Prepare Criticized Asset Report (CARs) forms for presentation at quarterly Criticized Asset Committee (CAC). Shall prepare Line Criticized Asset Reports (LCARs) for those loans that fall below the CAC threshold.
• Responsible for transfer of criticized assets to the Workout and Recovery department (WAR) when applicable
• Ensure proper documentation and organization of Business Banking credit files.
• Order appraisals and complete appraisal reviews for criticized assets/modifications/renewals, or as otherwise required by a Business Banking Credit Officer and/or Management.
• Facilitate new money transactions by monitoring request from time of commitment letter acceptance through closing. This shall include, but is not limited to, working with the Business Banker and Loan Administration to ensure smooth and timely transition from application to closing.
UNDERWRITING DUTIES:
• Perform all annual reviews, renewals, OCA/ACH facility and modifications of existing loans within assigned portfolio in a timely manner. This may include, but is not limited to, a narrated financial analysis, credit bureau data review, collateral analysis, and review of entire client loan/deposit relationship(s). May also assist teammates with overflow of work from other Portfolio Managers, as deemed necessary by Management.
• Review and interpret personal and business tax returns and financial statements provided, and perform cash flow and comprehensive global cash flow analyses using Bank approved global cash flow worksheet and approved financial spreading software.
• Specify appropriate conditions for loan renewal/modification approval.
• Evaluate requests for credit and approve or deny based on authority level within accepted Bank policies/procedures and applicable regulatory guidelines. Shall seek higher approval authority as required by Total Credit Exposure (TCE).
OTHER DUTIES:
• Provide support to Business Bankers, branch personnel and/or loan processors by answering queries and providing training on basic lending issues.
• Participate in training seminars and workshops to enhance skill level.
• Proactively maintain a clear and up-to-date understanding of Bank Credit Policy and Procedure.
• Perform all required regulatory training in a timely manner, as required by the Bank.
• Perform special projects as assigned and deemed necessary by Bank and/or Management.
• Collaborate with all Bank personnel and management for purpose of managing assigned loan portfolio, identifying and communicate cross-sell opportunities to Business Bankers, and appropriately managing credit risk within assigned portfolio.
QUALIFICATIONS/COMPETENCIES: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• EDUCATION and/or EXPERIENCE: College degree preferred. 5+ years related work experience in credit and portfolio management required. The Senior level will require a minimum of 8+ years of experience.