Business Banking Operations Underwriting Portfolio Mgr. IV

Description

The Underwriter IV (UW IV) position is responsible for reviewing and underwriting loan requests under Commercial Credit Policy up to TCL $10MM.  Underwriting and recommendations should be based on sound credit judgment with particular emphasis on adherence to credit policy and requirements, bank’s risk culture, financial analysis/modeling, risk evaluation and mitigation and proper loan structuring.  Position is responsible for underwriting and recommending for approval to Credit Officers within SLAs and meeting production requirements.  Expected high degree of technical competancy in credit analysis.

The UW IV will independently interact with Senior Management, Sales Team, and Credit Officer, in order to discuss and resolve risk related issues.  UW IV independently reviews financials, proposed loan structure, collateral and due diligence and makes recommendations of new money requests for approval.  Aggressively seeks alternative means of financing or counter offers for all borrowers when it is determined that the original request cannot be accommodated.

The UW IV will perform the functions of the position with periodic oversight and is expected to perform with reasonable to general supervisory intervention.  They will be responsible for underwriting the simple and complex relationships within the group.

The Portfolio Manager IV (PM IV) position is responsible for effective credit administration with particular emphasis on adherence to credit policy and requirements, financial analysis/modeling, risk evaluation, and on-going portfolio maintenance activities.  The PM III is responsible for ensuring overall portfolio performance and asset quality remains strong and is able to independently address and develop strategies and actions to resolve issues that could increase risk and/or create loss for the Bank.  The PM IV will escalate high risk situations situations in a timely manner.  The PM IV will manage relationships with TCL between $1MM - $10MM, with particular emphasis on the larger (>$3MM) more complicated relationships.  Expected high degree of technical competancy in credit analysis.

The PM IV will independently interact with Senior Management, Sales Team, Credit Products Manager, Credit Officer and CRM, in order to discuss and resolve risk related issues.  PM IV independently reviews financials and makes recommendations for approval of annual review/renewal and/or modifications within delegated lending authority.   

Primary responsibilities include

Credit Analysis & Stewardship

Assume the responsibility to protect and preserve the integrity of the pooled or individual portfolio while accurately assessing and managing risk, and managing the annual review process by means of recommendation.  Applies credit skills, product knowledge, industry analysis, and sound judgment to assess and manage credit risk effectively.  Exhibits knowledge of various types of loan terms, structures, and conditions and understanding of loan documentation.  Consistently adheres to all regulatory compliance requirements.  Accurately test covenants, and recognize various events of default while assisting with the recommendation and implementation of strategy and action planning.

Workflow

Effectively maintains high quality credit file documentation in a paperless environment.  Effectively tracks and monitors financial statement requirements; reviews Borrowing Base certificates.  Consistently adheres to all Service Level Agreements when custoemr are in need of modifications or collateral release etc. Credit experience and skill set with complex credits, organization structures, documentation, covenant structures and/or collateral structures. 

Internal Colleague & External Client Communication

Exhibits comprehensive written and verbal communication skills.   Regularly interacts with and develops relationships with existing Relationship Managers (RM) and Credit Product Managers.  Duties may also include mentoring junior colleagues.  Pro-actively builds relationships both within department and across business unit.  Shows ability to make recommendations to Credit Officers around credit decisions.  Develops an understanding of cross sell services and can convey benefits of such on assigned portfolios.

Qualifications, Education, Certifications and/or Other Professional Credentials

Bachelor's Degree
Preferred: Master' Degree

5+ years of experience and exhibited high degree of technical competency in various aspects of commercial lending /portfolio management including financial analysis and credit structuring, understanding and applying credit policy, and credit monitoring and risk administration practices.  Expected to have high level of credit and documentation experience.  Must be skilled in proposing and negotiating and recommending credit and covenant structures for approval.
Must demonstrate practical and conceptual knowledge of credit and risk analysis.

Hours & Work Schedule

• Hours per Week: 40
• Work Schedule: Monday thru Friday

Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.

Equal Employment Opportunity

Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague’s or a dependent’s reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws. At Citizens, we are committed to fostering an inclusive culture that enables all colleagues to bring their best selves to work every day and everyone is expected to be treated with respect and professionalism. Employment decisions are based solely on merit, qualifications, performance and capability.