Portfolio Manager

We are Addition Financial, a member-owned, not-for-profit financial cooperative, offering comprehensive financial solutions that help members achieve their financial goals. Shareholder profits don't drive us and never have. Since 1937, we've been on a mission to bring financial success and education to everyone and make a positive impact in the lives of our members and the communities we serve. And we want your help to make that happen. We're looking for people who not only want to do meaningful, challenging work, but who also have a heart for service. If this sounds like you, keep reading and we'll dive into the specifics!

SUMMARY:

The Portfolio Manager is a member of the Business Lending Credit Team, reporting directly to the Director of Business Lending. This role is responsible for overseeing the commercial loan portfolio’s performance, ensuring compliance, managing reporting, and serving as the lead for weekly credit-related meetings. The Portfolio Manager collaborates across departments and provides guidance to the credit team to ensure high-quality credit administration, risk mitigation, and regulatory adherence.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Portfolio Oversight & Risk Management

• Monitor and manage performance of commercial loans, focusing on delinquencies, watch list, covenant tracking, and renewal pipelines.
• Conduct and oversee annual reviews.
• Develop and implement action plans for watch list and underperforming credits.
• Ensure compliance with all internal credit policies and external regulations.

Reporting & Data Management

• Lead the preparation of monthly, quarterly, and ad hoc portfolio performance reports.
• Maintain credit metrics dashboards including DSCR tracking, risk ratings, financial statements, and loan maturity schedules.
• Support internal and external audits with requested documentation and commentary.

Credit Underwriting & Approval

• Independently underwrite and recommend commercial loans and treasury requests within assigned authority.
• Conduct advanced financial statement analysis, global cash flow assessment, and collateral evaluation.
• Structure credit facilities to meet member needs and credit union risk parameters.
• Prepare and present detailed credit memorandums for management or committee approval.

Risk Assessment & Policy Adherence

• Identify key risk factors and assess borrower creditworthiness.
• Ensure credit recommendations adhere to NCUA regulations and internal loan policy.
• Recommend risk mitigations such as guarantees, collateral adjustments, or loan covenants.

Treasury Services Support

• Underwrite treasury service applications, including ACH, RDC, and wire limits.
• Perform risk reviews for new and existing treasury clients.
• Coordinate with operations to support proper onboarding and control measures.

Meeting Facilitation

• Lead the weekly Portfolio Review Meeting, facilitating risk discussions and credit strategy alignment.
• Organize and direct the Pipeline Review Meeting to support decision-making and prioritization.
• Serve as a subject matter expert for the Business Lending department, providing mentorship to analysts, business bankers and underwriters.

Credit Administration & Compliance

• Oversee credit file documentation, ensure proper risk rating justifications, and maintain audit-readiness.
• Collaborate with legal and compliance teams to manage complex credit situations and policy exceptions.
• Other tasks assigned.

Collaboration & Relationship Management

• Act as the liaison between Credit and Commercial Lending, Operations, and Compliance.
• Communicate portfolio trends, risk concerns, and opportunities to senior leadership.
• Assist with special projects, loan policy updates, and departmental planning.
• Assists in the Business Banker training program as a facilitator.

REQUIREMENTS

Education:

• Bachelor’s degree in business, finance, or a related field required.

Experience:

• Minimum 5–7 years of commercial credit underwriting or portfolio management experience.
• Expert knowledge of financial analysis, loan structuring, credit policy, and regulatory compliance.
• Strong communication, facilitation, and organizational skills.
• Proficiency in Microsoft Excel and loan management systems.

Performance Expectations:

• Accurate and timely reporting of portfolio data and trends.
• Effective leadership of weekly meetings with actionable follow-ups.
• High standards of credit quality and compliance across all loan monitoring activities.
• Consistent mentorship and support for junior team members.
• Assist the team in meeting annual goals.

OTHER CHARACTERISTICS OF THE POSITION:

Physical Demands:

• Sitting for long periods at a time.
• Regularly required to talk or listen.
• Occasional lifting of office supplies up to 20 lbs.
• Vision abilities including close vision and ability to adjust focus.

Mental Demands:

• Must understand and follow a set of clear oral and/or written procedures without deviation.
• Performs repetitive routine tasks.
• Withstand moderate amounts of stress.
• Must adhere to a provided work schedule to meet a set of qualitative production standards.
• Perform tasks that vary little from day to day.
• Implements others’ decisions/procedures with little judgment required.
• Must relay information orally.

WORKING WITH US:

We’re continually recognized as a top employer because we understand people like you want more out of your career. Like making a difference in people’s lives and in the community. Being part of a team that supports each other. Feeling good about the time you spend at work each day. And being able to balance your life while also earning a competitive base salary and benefits, including:

• 401k with profit sharing contribution
• Comprehensive medical, dental and vision coverage from leading insurance providers
• Continuing education and up to $5,000 in tuition assistance annually
• Generous vacation and sick pay
• Paid parental leave and volunteer time off
• Major holidays off including Federal holidays that many other industries don't observe
• Credit union benefits including reduced consumer/mortgage loan rates, free checks, and other financial services discounts

At Addition Financial, we accept you for who you are. We are an equal opportunity employer and do not discriminate based on race, color, creed, religion, national origin, sex, marital status, age, protected veteran status, or disability/handicap with regards to recruitment, selection, placement, promotion, wages, benefits, and any other areas of employment. Personal perspectives and beliefs are what helps our team members, and our company, grow as a whole and we seek to nurture that inclusiveness. We welcome our team member’s diverse viewpoints and work together so that everyone’s voices are heard. So, if you’re ready to take your career to the next level, Count Us In®.