What are the responsibilities and job description for the Portfolio Manager position at First Business Bank?
Join the winning team at First Business Bank as the Portfolio Manager!
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The Portfolio Manager is responsible for credit analysis, credit monitoring, and loan documentation of Floorplan Finance relationships. Primary duties include collecting financial data on new and existing clients, monitoring the risk of the portfolio, and other general risk mitigation duties to help maintain the overall soundness of the Floorplan portfolio.
Work Model: Hybrid and full-time at the Indianapolis, IN office or our Madison, WI location
Specifically, as a Portfolio Manager you will:
Portfolio & Credit Risk Management
- Own primary responsibility for the credit quality and monitoring of portfolio risks.
- Analyze financial data on existing clients, while striving to help maintain the overall soundness of the loan portfolio.
- Track overall portfolio statistics and provide insight on trends.
- Track industry trends and report findings to leadership.
- Assist President in the monitoring of portfolio dashboards.
Risk Monitoring & Analysis
- Utilize available monitoring tools to gauge various risk parameters of each client.
- Conduct fraud risk analysis using advanced methods and research tools provided by the company or obtained through other reliable resources.
- Have an investigative mindset by reviewing various internal reports and client provided reports to identify irregularities.
- Analyze client performance and communicate with leadership areas of concern.
Compliance & Policy Oversight
- Be responsible for monitoring client’s compliance with the credit agreement.
- Work closely with Bank leadership team and communicate on clients’ compliance with their loan terms and company policy.
Loan Operations & Documentation
- Work with the Loan Quality department to prepare documentation on the closing of new loans.
- Manage the renewal process by working with the VP-Sales.
Position Requirements:
- Bachelor’s degree in business, finance or related field required
- 3 years of credit analyst experience
- Strong knowledge of technology, business computer applications, and ability to pick up on new systems quickly
- Ability to work independently and use independent judgement with minimal supervision
- Ability to handle pressure of meeting deadlines
