Senior Portfolio Manager

PenFed Credit Union
Mclean, VA
Jun 14, 2021
Jun 19, 2021
Full Time
Overview: Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members do better. Joining PenFed is more than being an employee; its about being a part of the PenFed family.PenFed is hiring a Senior Portfolio Manager at one of the following locations: Tysons, Virginia and our Penn Station location in New York, New York. The primary purpose of this role is to provide excellent service to an assigned loan portfolio containing large and complex facilities through quality management in support of the credit unions commercial lending initiatives, including supporting new loan orginations, managing exisiting loan portfolio and providing updates related to loan portfolio monitoring and reporting. This role is responsible for upholding credit and risk management standards of the credit union for exisiting and new members. Responsibilities: Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. Develop an in-depth knowledge of credit union products and services. Analyze the needs of the member to effectively recommend appropriate products or services.Take ownership for existing large and complex loan relationships, delivering high level of member experience, builds an appropriate relationship plan, upholding credit and risk management standards including collection of all required financial statements annually, etc. for all applicable loans within the respective portfolio assigned to the Manager.Ensure the updated financials are spread and analyzed, addressing industry risks, monitoring collateral requirements, loan structure and credit performance. Perform annual reviews, update risk ratings, and prepare watch asset reports quarterly and/or as needed.Prepare and assist with portfolio metrics report and monitor ratios.Develop and maintain relationships with the members in the assigned portfolio.Conduct annual property inspections and prepare preperty inspection reports.Monitor credit performance of relationships within the assigned portfolio proactively working past due statuses. Take necessary steps to collect past due. Identify potential loss mitigation scenarios; looking to minimize potential risk to the organization.Conduct reporting on loans such as past dues, documentation and collateral exceptions, financial performance updates, portfolio profitability, risk grades, etc.Keep informed of financial and market trends in the portfolio and analyzes those trends for the effect they will have on the portfolio. Keep current with regard to industry trends and implement proactive portfolio management tactics.Proactively manage the renewal process.Deliver excellent communications with all internal and external business partners.Performs other duties and supports special projects as needed.Train and coach junior staff as applicable.Liase with Portfolio servicing to ensure impeccable loan metrics reporting.Ensure compliance with credit policy and regulatory requirements- accountable for overall portfolio management. Qualifications: Equivalent combination of education and experience is considered.Bachelors Degree in a related field required.Minimum of six (6) years of work experience as a commercial or wealth management relationship or portfolio manager.Financial analysis and knowledge of banking credit principals .Strong written and oral communications skilss required to communicate effectively with members, external stakeholders and internal business partners.Strong time management and organization skills.Excellent presentation skills.Work Environment While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*TravelAbility to travel to various worksites and be on-call is required.Special Message Regarding COVID 19PenFed is continuing to hire and train exceptional individuals to help us serve our 2 million members both here and around the world. In light of the current situation with novel coronavirus (COVID-19), we have modified our hiring, onboarding, training, and deployment protocols in order to comply with current local and state guidance around social distancing. About Us: Established in 1935, PenFed today is one of the countrys strongest and most stable financial institutions with over 2 million members and over $26 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.Equal Employment OpportunityPenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 240-224-4256.#LI-CP1