Portfolio Manager, Commercial – Commercial Banking

Job Description

Portfolio Manager, Commercial | Confidential Employer

The Tone:
This is a full-time role at Confidential Employer, a $66 billion financial institution based in Rosemont, Illinois, providing community and commercial banking, specialty finance, and wealth management services. The company delivers sophisticated solutions with relationship-focused, personalized service. This role is crucial for supporting the rapidly growing Middle Market Commercial Banking team, serving as a primary point of contact for client relations and interaction. The Portfolio Manager contributes significantly by analyzing commercial financial statements and managing customer portfolios for commercial clients ranging from $20 million to $500 million in revenue.

The TL;DR
• Role: Full Time
• Type: Full-time
• Location: Multiple commercial banking office locations (e.g., Chicago, Denver, Milwaukee, Grand Rapids, MI)
• Pay: $85000–$110000 yearly
• Team: Supports the Middle Market Commercial Banking team, partnering with Relationship Managers.
• Mission: To analyze commercial business financial statements, calculate critical credit metrics, and manage assigned customer portfolios to support commercial banking operations and mitigate financial risks.
• Tech Stack: MS Office (Excel, Word, PowerPoint), financial forecast models

What You’ll Actually Do
• Portfolio Management: Manage an assigned portfolio of commercial customers in partnership with the relationship manager, serving as a key point of contact for client interaction.
• Financial Analysis: Analyze commercial business financial statements ranging from $20 million to $500 million in revenue, calculating critical credit metrics such as cash flow, leverage, working capital, and collateral coverage.
• Risk Mitigation: Monitor assigned portfolios for early warning signs of financial weakness or other risks and work with borrowers to develop and execute appropriate mitigation plans.
• Credit Underwriting: Prepare comprehensive credit packages for annual reviews, renewals, loan requests, portfolio reviews, and criticized asset reviews, structuring and underwriting complex commercial loan transactions.
• Regulatory Compliance: Coordinate the collection and review of financial statements, tax returns, covenant compliance certificates, and borrowing bases to comply with reporting requirements and serve as a contact for internal audits and regulatory exams.

The Must-Haves
• Background: Bachelor’s degree from an accredited institution with a major in business, finance, economics, or accounting. Working knowledge of the banking environment, products, and all supporting processes and technology.
• Experience: Minimum 4 years’ financial services industry experience.
• Skills: Proficiency in MS Office, including Excel, Word, and PowerPoint, and financial forecast models; excellent oral and written communication skills; strong analytical and organizational skills with the ability to proactively manage and prioritize workflow; strong interpersonal skills with a proven ability establishing client relationships and working within a team environment.
• Bonus: Prior commercial credit experience highly preferred; formal Bank credit training is preferred, with a strong understanding of general credit and risk principles, mitigates, and banking policies/procedures; thorough understanding of risks (market, rate, leverage, etc.) as it applies to the lending process; knowledge of commercial lending policies and procedures, loan agreements, loan structuring, and collateral procedures.