Portfolio Manager -remote

PORTFOLIO MANAGERS

WAGE: $50/HR

LOCATION: REMOTE DUBUQUE IA

CONTRACT: 1st shift

LOAN PROCESSING EXPERIENCE REQUIRED

PRIMARY & ESSENTIAL RESPONSIBILITIES:

1. Works with general oversight to appropriately and timely underwrite credit and to develop the appropriate credit structure in relationship to the credit risk.

a. Analyzes historical and projected financial statements for business, personal borrowers and guarantors. Identifies and analyzes risks and repayment ability.

b. Evaluates the adequacy of loan structures and collateral positions.

c. Identifies risks related to borrower operations, considering the history of the business, ownership, type of business entity, and industry/sector of the borrower.

d. Summarizes findings in a credit presentation (write-up) which will be utilized by the respective authorities as a basis for their approval decisions. Write-ups will summarize credit risks in a “Credit Comment”; identify loan policy exceptions; propose improvements to loan structure; assess the loan rating, and determine the probability and impact of default.

e. Reviews commercial loan file documentation for accuracy and compliance with approval requirements.

f. Completes required participation allocations based upon an understanding of requirements of combining loans for legal lending limit considerations and assesses appropriate level of approval required for each request.

g. Leads underwriting discussions with Credit Officers and Commercial Bankers.

h. May assist the Credit Officer in providing underwriting, completed applications and servicing requests for Government Guaranteed programs.

i. Keeps the Commercial Banker informed of the status of the credit and obtains concurrence from the Commercial Banker on significant changes to proposed terms and conditions of the credit.2. Assists the Commercial Banker in the monitoring of the portfolio, specifically:

a. Obtains and reviews financial statements on a timely basis.

b. Understands, detects, and reports the early warning signs of problem credits. Minimizes the risk of credit loss to maintain appropriate risk ratings on all loans.

c. Obtains and reviews Compliance Certificates, Borrowing Base Certificates, and associated receivable, payable, and inventory reports on a timely basis.

d. Monitors all covenants and follow ups immediately on any covenants out of compliance.

REQUIRED SKILLS & EXPERIENCE:

1. Bachelor’s Degree in Business Administration, including specific courses in Accounting, Finance and Economics

2. 1 -3 years of related experience as a Credit Analyst, Portfolio Manager or Commercial Loan Officer.

3. Strong analytical skills and an understanding of general economic theory as it relates to the lending and business environment.

4. Understanding of credit analysis, risk analysis, and accounting and finance principles.

5. General knowledge of commercial and agricultural lending, credit and appropriate banking laws and regulations

6. Strong credit underwriting skills. Experience in credit structuring and prudently accommodating customer credit needs.

7. Track record of demonstrating accuracy and thoroughness; Looks for ways to improve and promote quality. Applies feedback to improve performance and monitors own work to ensure quality.

8. Ability to maintain confidentiality of customer and credit information.

9. Demonstrated proficiency in organizing and prioritizing work to meet deadlines, with the ability to adapt within a changing environment.

10. Proficient in Microsoft Word, Excel, and Outlook.

11. Experience with PROFITMAX, InfoAccess, CME, AS400/Fiserv or other relevant computer programs, preferred

12. Understanding of bank policies and procedures, preferred.