Recognizes the leader in youAs one of the region’s foremost community banking institutions, we take pride in fostering leadership.
As a Firstrust employee, your growth is our growth.
For you, that means great benefits, performance-based pay, a meaningful role, and resources to help your success.
For us, that means employees who offer exemplary customer service with a commitment to our values - honesty, integrity and accountability.
JOB SUMMARY:
The Portfolio Manager requires specialized depth and breadth of expertise in exercising sound judgement in credit and risk administration through continuous credit monitoring to identify emerging credit risk in a timely manner. Works independently, with guidance limited to the most complex situations, and takes a broad perspective to identify innovative solutions. Ensures all Service Level Agreements, regulatory compliance requirements, and Bank’s credit risk profiles are monitored and maintained.
Analyzes financial information for a complex portfolio, including IRE and C&I credits, with limited to reasonable involvement from the Relationship Manager. Prepares credit memorandums and has extensive knowledge of credit policies with the ability to apply them to a variety of situations. Exhibits understanding of complex organizational structures, documentation, covenant definitions and/or collateral structures, while effectively tracking and monitoring financial reporting and covenant requirements. Provides loan and/or risk rating recommendations based on a review of all underwriting criteria for final approval.
The position requires independent decision making within the guidelines of commercial credit risk and practices with minimal management oversight. Exercises adherence to FTB’s internal portfolio and underwriting processes, including timely and accurate data entry to Vikar (underwriting platform) and/or other centralized systems, as well as maintaining high quality file documentation in a paperless environment.
Applicants should be prepared to submit a writing sample and analyze redacted financial information for discussion, as part of the interview process.
Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer. Minority/Female/Disabled/Veteran
Responsibilities/Duties
- Facilitate the credit needs of customers by underwriting new requests and renewals/modifications from preliminary discussions (preflight) through approval and the life of the loan. Proactive partner with the relationship manager and be intimately involved throughout the deal process and beyond.
- Responsible for timely preparation of credit memorandums for a portfolio consisting primarily of investment reals estate (commercial and residential). Credit memos will include, but are not limited to repayment analysis, financial condition, guarantor analysis, collateral analysis, risks/mitigant, borrower background, etc., and recommendation. Strong expertise in investment real estate transactions is a must. The portfolio will also include C&I credit.
- Responsible for protecting and preserving the integrity of an individual and team portfolio by ensuring, among other responsibilities, that loans are addressed prior to their maturity date and risk reviews are performed in a timely manner while accurately accessing/managing risk in the portfolio via the annual review process.
- Ensure all Service Level Agreements, regulatory compliance requirements (CRA, HMDA, etc.), and Bank’s credit risk profiles and profitability are monitored and maintained.
- Analyzes relationships/new deal requests with limited involvement from the Relationship Manager. Willingly and immediately escalates any concerning information to the credit manager and credit officer.
- Possesses conceptual and practical knowledge of credit policies with the ability to apply them to a variety of situations.
- Exhibits a thorough understanding of organizational structures, documentation (searches, loan documents, appraisals, etc.), covenants and/or collateral structures.
- Effectively tracks and monitors financial reporting and covenant compliance requirements, prior to due date.
- Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval.
- Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as, maintaining high quality file documentation in a paperless environment.
- Acts as a resource for new colleagues with less experience and may be a part of less complex projects.
Knowledge - Skills & Abilities
- Bachelor’s degree in accounting, finance, economics, or related fields with 4-6+ years’ experience in underwriting and portfolio management (C&I and investment real estate transactions) . Must be well versed in defining/testing covenants and analyzing tax returns, rent rolls, leases, appraisals (commercial and residential), borrowing base certificates, A/R and A/P agings, marketable securities/brokerage statements, etc.
- Exhibits a deep knowledge of loan structuring, and credit policies and procedures, with previous experience assisting with, or preparing, term sheets for discussion.
- Detail oriented with strong interpersonal and oral/written communication skills. The candidate will be expected to be a driving force in conversations with the relationship managers and credit officers to ensure that all required items are received in a timely manner and the deal is underwritten fully and correctly prior to submission for review. Comfortable presenting
- The ability to multitask and independently manage their personal workflow with limited oversight Displays the ability to make sound decisions in a timely manner, escalating only when necessary. Must be self-motivated.
- Knowledge of software/systems required to successfully perform job function. Proficiency in Excel, Salesforce and other operational systems is a must.
JOB SUMMARY:
The Portfolio Manager requires specialized depth and breadth of expertise in exercising sound judgement in credit and risk administration through continuous credit monitoring to identify emerging credit risk in a timely manner. Works independently, with guidance limited to the most complex situations, and takes a broad perspective to identify innovative solutions. Ensures all Service Level Agreements, regulatory compliance requirements, and Bank’s credit risk profiles are monitored and maintained.
Analyzes financial information for a complex portfolio, including IRE and C&I credits, with limited to reasonable involvement from the Relationship Manager. Prepares credit memorandums and has extensive knowledge of credit policies with the ability to apply them to a variety of situations. Exhibits understanding of complex organizational structures, documentation, covenant definitions and/or collateral structures, while effectively tracking and monitoring financial reporting and covenant requirements. Provides loan and/or risk rating recommendations based on a review of all underwriting criteria for final approval.
The position requires independent decision making within the guidelines of commercial credit risk and practices with minimal management oversight. Exercises adherence to FTB’s internal portfolio and underwriting processes, including timely and accurate data entry to Vikar (underwriting platform) and/or other centralized systems, as well as maintaining high quality file documentation in a paperless environment.
Applicants should be prepared to submit a writing sample and analyze redacted financial information for discussion, as part of the interview process.
Firstrust Bank is an Affirmative Action Contractor and is an Equal Opportunity Employer. Minority/Female/Disabled/Veteran
Responsibilities/Duties
- Facilitate the credit needs of customers by underwriting new requests and renewals/modifications from preliminary discussions (preflight) through approval and the life of the loan. Proactive partner with the relationship manager and be intimately involved throughout the deal process and beyond.
- Responsible for timely preparation of credit memorandums for a portfolio consisting primarily of investment reals estate (commercial and residential). Credit memos will include, but are not limited to repayment analysis, financial condition, guarantor analysis, collateral analysis, risks/mitigant, borrower background, etc., and recommendation. Strong expertise in investment real estate transactions is a must. The portfolio will also include C&I credit.
- Responsible for protecting and preserving the integrity of an individual and team portfolio by ensuring, among other responsibilities, that loans are addressed prior to their maturity date and risk reviews are performed in a timely manner while accurately accessing/managing risk in the portfolio via the annual review process.
- Ensure all Service Level Agreements, regulatory compliance requirements (CRA, HMDA, etc.), and Bank’s credit risk profiles and profitability are monitored and maintained.
- Analyzes relationships/new deal requests with limited involvement from the Relationship Manager. Willingly and immediately escalates any concerning information to the credit manager and credit officer.
- Possesses conceptual and practical knowledge of credit policies with the ability to apply them to a variety of situations.
- Exhibits a thorough understanding of organizational structures, documentation (searches, loan documents, appraisals, etc.), covenants and/or collateral structures.
- Effectively tracks and monitors financial reporting and covenant compliance requirements, prior to due date.
- Uses best practices to provide loan recommendations based on a review of all underwriting criteria for final approval.
- Exercises adherence to internal portfolio/underwriting processes including timely and accurate data entry to Vikar and/or other centralized systems, as well as, maintaining high quality file documentation in a paperless environment.
- Acts as a resource for new colleagues with less experience and may be a part of less complex projects.
Knowledge - Skills & Abilities
- Bachelor’s degree in accounting, finance, economics, or related fields with 4-6+ years’ experience in underwriting and portfolio management (C&I and investment real estate transactions) . Must be well versed in defining/testing covenants and analyzing tax returns, rent rolls, leases, appraisals (commercial and residential), borrowing base certificates, A/R and A/P agings, marketable securities/brokerage statements, etc.
- Exhibits a deep knowledge of loan structuring, and credit policies and procedures, with previous experience assisting with, or preparing, term sheets for discussion.
- Detail oriented with strong interpersonal and oral/written communication skills. The candidate will be expected to be a driving force in conversations with the relationship managers and credit officers to ensure that all required items are received in a timely manner and the deal is underwritten fully and correctly prior to submission for review. Comfortable presenting
- The ability to multitask and independently manage their personal workflow with limited oversight Displays the ability to make sound decisions in a timely manner, escalating only when necessary. Must be self-motivated.
- Knowledge of software/systems required to successfully perform job function. Proficiency in Excel, Salesforce and other operational systems is a must.
Firstrust Bank provides equal employment opportunity without regard to race, color, creed, sex (including pregnancy), age, gender, (including gender nonconformity and status as a transgender or transsexual individual), physical or mental disability, religion, national origin, genetics, marital status, veteran’s status, ancestry, citizenship, sexual orientation, or other characteristics protected by applicable law. This policy applies to all areas of employment, including, without limitation, recruitment, hiring, training and development, promotion, transfer, termination, compensation, benefits, and all other conditions and privileges of employment in accordance with applicable federal, state and local laws.
Firstrust provides reasonable accommodations so that disabled individuals may participate in the application and selection process. Please state your reasonable accommodation request for assistance in your message.
Only reasonable accommodation requests related to applying for a specific position within Firstrust will be reviewed at the email address and phone number supplied.
Please advise Firstrust of any accommodation you require to express an interest in a specific opening by emailing or calling: [email protected] or 215-728-8265.
Skills Required
- Bachelor’s degree in accounting, finance, economics, or a related field
- 4–6+ years of experience in underwriting and portfolio management
- Experience with commercial and investment real estate transactions, including C&I credit
- Expertise defining and testing loan covenants
- Experience analyzing tax returns, rent rolls, leases, appraisals, borrowing base certificates, A/R and A/P agings, and marketable securities statements
- Deep knowledge of loan structuring, credit policies, and credit procedures
- Experience assisting with or preparing term sheets
- Strong written, oral, interpersonal, and presentation skills
- Ability to work independently, manage workflow, and make timely credit decisions
- Proficiency in Excel, Salesforce, and other operational systems
- Ability to submit a writing sample and analyze redacted financial information during the interview process
What We Do
Founded 85 years ago, Firstrust’s business is serving the banking needs of our business and retail customers in the Philadelphia region. From large operating companies, real estate developers, manufacturers, and doctors to young families and grandparents – we’re here for them all. Our promise is to empower their success by offering them the most tailored, state-of-the-art banking solutions they can get, along with advice on how to best manage their finances, build their businesses, and overcome financial challenges. The core value of always being there for our customers - especially when they need us most - has made us the largest family-owned commercial bank in our region. And it’s also why thousands of the most successful entrepreneurs, innovators, and leaders come to us FIRST when they need help making their biggest dreams a reality.
