What are the responsibilities and job description for the Portfolio Management Specialist position at Northwest Bank?
OH0741 Columbus Business Offices, PA0220 Erie - 8th & State, PA0736 Administration Center
Job Description
The Portfolio Management Specialist is responsible for providing administrative support within the portfolio management function including general filing, scanning, imaging, copying of materials for distribution to related departments and Northwest's imaging system while tracking, requesting and collecting financial statement/information required from borrowers and adhering to required due dates. This position assists portfolio managers and relationship managers in the management of the commercial loan portfolio.
Essential Functions
Job Description
The Portfolio Management Specialist is responsible for providing administrative support within the portfolio management function including general filing, scanning, imaging, copying of materials for distribution to related departments and Northwest's imaging system while tracking, requesting and collecting financial statement/information required from borrowers and adhering to required due dates. This position assists portfolio managers and relationship managers in the management of the commercial loan portfolio.
Essential Functions
- Track, request, and collect financial statements within defined timeframes
- Compile and communicate loan management reports on a timely basis
- Assist in the management and maintenance of collateral requirements, including ensuring timely insurance policy updates
- Service client needs, including prompt responses to inquiries and resolution of problems to promote an exceptional client experience
- Support portfolio managers to ensure that loans in process are completed on a timely basis and in conformity with terms
- Establish and maintain appropriate files and records for loan documents as required
- Serve as a liaison with other departments/vendors/auditors as needed
- Serve as office manager if required
- Ensure document/data integrity
- Knowledge of loan documentation
- Cultivate relationships with commercial clients
- Maximize technology tools available
- Develop use of commercial related software
- Maintain appropriate borrower files
- Ensure conformity to loan terms
- Recommend improvements to procedures
- Recommend service/delivery enhancements
- Bachelor's Degree or equivalent
- 3-5 years Commercial banking operations, processing, or administration experience