Equipment Finance Portfolio Manager

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The Equipment Finance (EF) Portfolio Manager 2 (PM2) provides credit underwriting and portfolio administration support to all EF product segments for basic transactions. The PM2  works with much guidance and oversight to accurately facilitate and contribute their initial credit risk assessment to the EF transaction review process; manages the subsequent credit screening process; performs detailed credit underwriting with clear and concise drafting of credit memorandums; clearly communicates their assessment with the EF Group Portfolio Manager, Relationship Managers, the Director of EF and Credit Officers; facilitates the loan/lease closing process and ongoing portfolio administration, and takes the lead role in monitoring and surveillance.

• Works in conjunction with deal team (Relationship Manager, credit officer, Asset Manager, EF credit team, Director of EF) to screen deals for viability, credit structure, business issues, pricing, asset risk, residual risk, documentation, legal, and other relevant issues in order to recommend credit opportunities and proposals.

• Ability to underwrite and manage credit relationships that average $10MM per commitment with basic structures, simple capital stacks, and risk profiles that are straight forward or most basic.

• Ability to manage a portfolio in excess of $200MM with (approximately) 20+ relationships.

• Pre-Underwriting to synthesize and address key risks (credit, repayment, structure, asset support, documentation, adequate return for risk, execution, and reputational risk).

• Supports the potential originate to syndicate transactions, sell side opportunities, and Corporate Credit Profile Relationships.

• Supports capital markets team in preparation of confidential information memorandums to help support sell down transactions and originate to syndicate transactions.

• Underwrites new buy side loan and lease transactions accurately and timely for credit approval. Underwrites or provides underwriting support for transactions for EF transactions in Bank markets, providing EF specialty and consulting as needed and for transactions that have defined capital markets sell side and syndication potential. Works directly with EF Relationship Managers to obtain all necessary financial statements and transaction information in order to analyze credit requests.  

• Assists in the review and approval of lease and loan documentation, whether internally or externally prepared, to ensure accuracy and completion in accordance with loan approval.

• Assists in ordering equipment and collateral valuations and reviews Collateral Gap Analyses.

• Tracks Loan and Lease Agreement compliance ensuring that relationships within the EF portfolio are monitored per the terms of the Loan Agreement and bank policy.

• Monitors and works with Relationship Manager and other EF teammates to clear payment Past Dues.

• Perform annual reviews to assess obligor and guarantor performance and risks associated with the transaction.

• Tracks and resolves document exceptions related to closing and ongoing exceptions. Monitor credit status and quality of loans and leases on a regularly scheduled basis, including assessment of current risk rating.

• Keeps informed of current economic conditions and legislation, which may affect customer relationships and the Commercial Line of Business.

• Tests obligor and guarantor operating performance against original underwriting and projections upon receipt of required reporting information (i.e. monthly, quarterly, semi-annual, or annual financial statements, etc.).

• Supports and assists other EF teammates as workload and ad hoc project load dictates.

• Work under direct supervision of the EF Portfolio Group Manager  and partners with other  Relationship Managers.

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• Bachelor's degree in Business Administration, Finance, Accounting or a related field.

• Successful completion of a formal credit training or certificate program preferred.

• 3+ years of credit analysis experience and working with Credit Analysts/ Underwriters and Relationship Managers or bankers, with the ability to understand Bank risk tolerances and make recommendations on transaction viability and credit worthiness.

• Experience assisting Senior Bank Officers with a variety of intermediate to complex transactions.

• Experience underwriting tax-exempt transactions preferred.

• Ability to interpret personal and business tax returns and financial statements.

• Ability to use sound logic to solve problems with effective solutions.

• Strong written and verbal communication and ability to prioritize effectively.

• Knowledge of equipment finance and commercial lending services, documentation, underwriting and regulatory guidelines.

•  Understanding of financial ratios and business principles, and strong analytical skills with an ability to question assumptions.

• Knowledge of credit analysis and lending/leasing functions.

•  Knowledge of typical equipment finance and bank products and services.

ESSENTIAL MENTAL & PHYSICAL REQUIREMENTS:

• Ability to travel if required to perform the essential job functions.

• Ability to work under stress and meet deadlines.

• Ability to operate related equipment to perform the essential job functions.

• Ability to read and interpret a document if required to perform the essential job functions.

• Ability to lift/move/carry approximately 10 pounds if required to perform the essential job functions.  If the employee is unable to lift/move/carry this weight and can be accommodated without causing the department/division an “undue hardship” then the employee must be accommodated; hence omitting lifting/moving/carrying as a physical requirement.

Equal Opportunity/Affirmative Action Employers. All qualified applicants will receive consideration for employment without regard to race, color, religious beliefs, national origin, ancestry, citizenship, sex, gender, sexual orientation, gender identity, marital status, age, physical or mental disability or history of disability, genetic information, status as a protected veteran, disabled veteran, or other protected characteristics as required by federal, state and local laws.