Senior Commercial Loan Portfolio Manager

This is a fully remote position, open to applicants in Virginia.

📋 Description

• Oversees and manages a portfolio of commercial loans, ensuring asset quality, compliance, and maintaining strong client relationships by collaborating closely with Commercial Loan Officers and Credit Officers.

• Prepares precise and timely financial statement spreads.

• Underwrites new commercial loans and line renewals; evaluates financial statements, tax returns, cash flows, and industry data for C&I, CRE, and SBA loans.

• Aids in structuring new credit requests in accordance with policy: formulates appropriate loan terms, covenants, and pricing.

• Conducts an annual assessment of relationships within the portfolio.

• Monitors portfolio delinquency and assists commercial lenders in reaching out to existing clients for payments that are up to 30 days past due.

• Responsible for monitoring, creating, and updating necessary financial reporting.

• Evaluates existing credit relationships and assigns/affirms/requests the appropriate risk rating based on the risk assessment concluded through the analysis process.

• Coordinates the approval process with the Credit department and presents to the approval committee in the absence of the Loan officer.

• Reviews and edits commitment letters to ensure alignment between commitment letters and approvals.

• Leads portfolio management meetings with Lenders and lending assistants at least monthly or as required.

• Remains well-informed about current economic market trends to offer timely and relevant insights.

• Takes on additional responsibilities as assigned.

⛳️ Requirements

• Bachelor’s degree or equivalent education/work experience.

• Exceptional oral and written communication skills.

• Proficient in analyzing personal and business financial statements and tax returns.

• Demonstrates a thorough understanding of accounting principles and financial management.

• Strong working knowledge of Microsoft Office.

• Progressive level of lending experience required.

• Attendance at seminars/schools mandated by management.

🏝️ Benefits

• Providing a comprehensive benefits package that includes medical, life, dental, and vision insurance, along with generous paid time off.

• Supporting associates and their families, emphasizing the importance of personal well-being and family care.

• Contributing to local philanthropic, cultural, and artistic initiatives and organizations valued by our employees.

• Committed to the communities we serve, assisting those who are integral to the future economy and business value of our market.