Commercial Portfolio Manager II

Posted 5 Days Ago
Be an Early Applicant
Charlotte, NC, USA
In-Office
Mid level
Financial Services
The Role
Supports commercial loan officers with portfolio management, credit analysis, underwriting, loan renewals, financial statement review, covenant tracking, problem asset reporting, closing requirements, and exception resolution. Provides member service, participates in prospect and member meetings, supports banking transactions and referrals, assists with process-improvement projects, and ensures compliance with AML and BSA regulations. Requires commercial credit underwriting experience, banking knowledge, communication skills, and proficiency with Word and Excel.
Summary Generated by Built In

Primary Purpose:

Assist loan officers in the daily management and monitoring of their loan portfolio to include loan underwriting for new and existing members and support with covenant and financial tracking to include some member interaction. Perform various other member service tasks and assignments as required.

Essential Responsibilities:

  • Assist the loan officers with the loan approval process by obtaining and analyzing financials, preparing loan summaries and packages for approval.
  • Attend outside prospect and member meetings as necessary.  
  • Monitor the maturing loan report and assist loan officer and administrative officer in underwriting loans for renewal. Complete quarterly and annual reviews of credits if necessary.
  • Complete quarterly Problem Asset Reports for the loan officer’s portfolio for review and approval and assist with managing credit monitoring items.
  • Learn about the Bank’s products and services and TFSG companies to assist the Commercial Bankers and Relationship Specialists as backup if needed. This will include traditional banking functions such as transferring funds to/from accounts, assisting members on the phone and via email, as well as following up with referrals to our TFSG partners.
  • Work on special projects as requested to help improve efficiencies in the region’s overall loan portfolio management.
  • Work along with and independently of the lenders to understand closing requirements for all loans as well as help clear exceptions as needed.
  • Proactively build strong and effective partnerships with all business partners.
  • Promote TowneBank within the community by volunteering and attending TowneBank sponsored events.
  • Adheres to applicable federal laws, rules, and regulations including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA)
  • Other duties as assigned.

Minimum Required Skills & Competencies:

  • Excellent member service skills
  • Excellent communication skills and the ability to interact professionally with internal and external members
  • Familiar with effective lending and underwriting practices
  • Experience with analyzing financial statements and underwriting commercial credit
  • Ability to work with minimal supervision
  • Ability to work well with various internal departments to achieve team goals and objectives
  • Knowledge of banking industry policies and procedures
  • Satisfactory completion of Credit and Small Business rotation or equivalent knowledge and experience in analyzing financial statements and underwriting commercial credit. 
  • Satisfactory completion of Credit and Small Business rotation or equivalent knowledge and experience in analyzing financial statements and underwriting commercial credit. 
  • Previous lending experience or experience in loan operations. 
  • Computer skills (Word and Excel)

Desired Skills & Competencies:

  • College degree in Business, Finance or Accounting
  • Has a minimum of 3-7 years of experience of credit analysis/underwriting experience. 
  • Experience with banking to include small business, credit operations, and/or credit underwriting skills

Physical Requirements:

  • Express or exchange ideas by means of the spoken word via email and verbally.
  • Exert up to 10 pounds of force occasionally, use your arms and legs, and sit most of the time.
  • Have close visual acuity to perform activities such as analyzing data, viewing a computer terminal, reading, and preparing documentation.
  • Not substantially exposed to adverse environmental conditions.
  • The physical demands described here are representative of those that must be met by an employee to successfully perform the essential responsibilities of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform essential responsibilities

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Skills Required

  • Excellent member service skills
  • Excellent communication skills and professional interaction with internal and external members
  • Familiarity with effective lending and underwriting practices
  • Experience analyzing financial statements and underwriting commercial credit
  • Ability to work with minimal supervision
  • Ability to collaborate with internal departments to achieve team goals
  • Knowledge of banking industry policies and procedures
  • Completion of Credit and Small Business rotation, or equivalent financial analysis and commercial credit underwriting experience
  • Previous lending or loan operations experience
  • Computer skills, including Microsoft Word and Excel
  • College degree in Business, Finance, or Accounting
  • Three to seven years of credit analysis or underwriting experience
  • Banking experience involving small business, credit operations, or credit underwriting

TowneBank Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about TowneBank and has not been reviewed or approved by TowneBank.

  • Leave & Time Off Breadth — PTO, all federal bank holidays, and an extra birthday day off are highlighted, with paid parental leave also offered. Time off can be used for vacation, illness, caregiving, bereavement, and birth/adoption for both full- and part-time staff.
  • Wellbeing & Lifestyle Benefits — Wellness initiatives include on-site screenings, fitness-club reimbursement, virtual fitness and mindfulness classes, and various employee discounts. An Employee Assistance Program and wellness resources support everyday wellbeing.
  • Retirement Support — A 401(k) with employer contributions through Principal and retirement planning tools are provided. A standard match with full vesting over five years is noted.

TowneBank Insights

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The Company
HQ: Suffolk, VA
1,065 Employees
Year Founded: 1999

What We Do

Founded in 1999, TowneBank is a company built on relationships, offering a full range of banking and other financial services, with a mission of serving others and enriching lives. Dedicated to a culture of caring, Towne values all employees and members by embracing their diverse talents, perspectives, and experiences. Today, the bank operates over 40 banking offices throughout Hampton Roads and Central Virginia, as well as Northeastern and Central North Carolina – serving as a local leader in promoting the social, cultural, and economic growth in each community. Towne offers a competitive array of business and personal banking solutions, delivered with only the highest ethical standards. Experienced local bankers providing a higher level of expertise and personal attention with local decision-making are key to the TowneBank strategy. Towne has grown its capabilities beyond banking to provide expertise through its controlled divisions and subsidiaries that include Towne Investment Group, Towne Wealth Management, Towne Insurance Agency, Towne Benefits, TowneBank Mortgage, TowneBank Commercial Mortgage, Berkshire Hathaway HomeServices Towne Realty, Towne 1031 Exchange, LLC, and Towne Vacations. NOTICE TO CONSUMERS REGARDING MARYLAND LENDER LICENSEES: TowneBank is licensed to engage in business as a Maryland Mortgage Lender and assigned a unique NMLS identifier number: 512138. The NMLS Consumer Access Website is linked here: www.nmlsconsumeraccess.org Interested in joining the Towne Family? Available positions are listed at www.townebank.com/careers. TowneBank and its affiliate companies support a diverse workforce and are Equal Opportunity Employers who do not discriminate against individuals on the basis of race, color, religion, national origin, age, sex (including pregnancy and gender identity), genetics, sexual orientation, disability, veteran status or other classification protected by law.

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