Portfolio Specialist Jobs

Propell Credit Union is seeking an experienced commercial banking professional to help manage our small business loan portfolio. Based at our Glen Mills Financial Center, this vital role balances risk and profitability by overseeing commercial credit quality, conducting annual reviews, monitoring loan covenants, and handling loan workouts. In this capacity, you will actively engage with member businesses to ensure all proper loan and annual review documentation is provided on a timely basis. If you bring strong organizational skills, a solid background in commercial lending, and a passion for working in a collaborative team environment, we invite you to apply and help drive the success of our growing portfolio.

Job Description

The Commercial Loan Workout and Portfolio Specialist is responsible for small business commercial loan portfolio management including ensuring updated financial information is on file, credit and document file quality, and monitoring and reporting ongoing credit metrics. Additionally, this role is responsible for assisting with underwriting and preparing for annual reviews of commercial loan relationships. The Commercial Loan Workout and Portfolio Specialist also plays a crucial role in balancing risk and profitability for the Credit Union’s lending activities by monitoring delinquencies and watchlist credits.

Roles and Responsibilities

• Collecting updated borrower financial information in accordance with periodic reporting requirements and completing scheduled loan reviews.
• Managing a portfolio of small business clients including monitoring loan covenants.
• Assist in underwriting existing credits requiring annual reviews, renewals, and modifications, including interest rate reductions, collateral releases, change in loan terms, guarantor releases and collateral substitutions for MBL portfolio and as assigned by the Chief Credit Officer.
• Draft credit memos for any substantial changes in a borrower's financial stability, debt service coverage and ownership structure in connection with a risk rating downgrade.
• Ensure business loans adhere to the Credit Union’s policies and procedures.
• Assisting in and/or preparing loan presentation write-ups for management and/or loan committee approvals.
• Manage the Available for Sale Commercial Loan Process by preparing credit memos with an executive summary, salient facts as well as loan structure and/or terms for a potential buyer to review for purchase of the Credit Union’s originated loans.
• Ensuring that loans and other assets are appropriately, and timely risk rated in accordance with the Credit Union’s loan policy.
• Assist in loan collection and workout activities as needed.
• Additional duties as assigned in support of credit union goals and objectives.

Qualifications and Education Requirements

• Bachelor’s degree is preferred, or equivalent business experience is required.
• Minimum of two (2) or more years of commercial portfolio management and/or commercial lending experience at a credit union or community bank with an emphasis on small business and real estate business/commercial lending. Familiarity with commercial loan processing, loan collection & workout activities and SBA 7a loan process and documentation is a plus.
• Strong organizational and time management skills.
• Excellent written and oral communication skills.
• Ability to understand accounting, including financial statement and/or tax return spreads, cash flows, and credit analysis.
• Ability to define problems, proactively identify and articulate risks, collect data, establish facts, and draw valid conclusions to be communicated to management.
• Commercial Banking Knowledge, including an in-depth understanding of commercial banking practices, lending products, and industry regulations.
• Strong attention to detail.
• Proficient in relevant software and tools used for financial analysis, portfolio management, and risk assessment (Microsoft Excel & Word required and nCino preferred).
• Decision-Making and Analytical Abilities: Strong analytical skills to make sound lending decisions, anticipate market trends, and provide recommendations based on thorough analysis.

Pay: $68,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Experience:

• commercial lending or banking: 1 year (Required)

Ability to Commute:

• Glen Mills, PA 19342 (Required)

Work Location: In person