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Portfolio Manager

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Job Details
Job Order Number
Company Name
Lakeside Bank
Physical Address
Chicago, IL 60605
Job Description

The Portfolio Manager is responsible for managing and servicing a portfolio of existing relationships, in
conjunction with the Commercial Lending department and its officers. The Portfolio Manager is responsible for
working with the senior Commercial Loan Officer on site, in managing an established, diversified loan, banking
products and services portfolio consisting of large and complex commercial relationships. This includes
assisting the Commercial Lender in identifying and marketing lending opportunities, coordinating and
participating in loan structuring, underwriting, origination, closing, servicing; and engaging in full cycle
relationship management, cross-selling Treasury Management and other bank products and services. The
Portfolio Manager will evaluate and structure commercial and real estate based lending while maintaining the
credit quality within the Bank’s accepted standards.
Essential Duties and Responsibilities include the following. Other duties may be assigned.
? Primary responsibilities will include assisting the senior Commercial Lender on site, with all issues relating
to portfolio management for assigned lending relationships
? Loan origination responsibilities.
? A loan portfolio may be assigned for management.
? Manage the credit transaction process from approval through post-closing.
? Review the loan documentation worksheet ensuring the completeness and accuracy on all ancillary
information, LLC and operating agreements, CIP information, and company membership rosters. Collects
client information and documentation as it relates to the credit/loan.
? Responsible for ensuring financial statements are collected, spread and analyzed, addressing industry risks,
monitoring collateral requirements, loan structuring and pricing, underwriting, monitoring credit
performance, closing additional commercial relationships including loans and other fee based services.
? Preparation, review and negotiation of documentation related to transactions, such as loan documents,
guarantees, and security documents.
? Evaluation, booking and management of collateral relating to loan.
? Understand and be able to accurately and quickly complete documentation setup worksheets and all related
? Responsible for ordering and reviewing all title commitments to ensure the proper lien status and able to
clear all title exceptions.
? Actively monitors, maintains, and services all aspects of assigned portfolio including all reporting
requirements, covenant compliance and appropriateness of risk grades.
? Negotiates and structures each loan, determines feasibility, credit worthiness and assembles information to
determine whether the relationship meets bank standards.
? Perform the analysis and underwriting for each loan request and ensures timely completion of credit
presentation for new and renewing loans.
? Maintains up-to-date client files, manages renewals, and processes servicing requests such as collecting past
due payments, exception clearing, responding to information inquiries and facilitating transfer and draw
? Coordinate pre-closing activities, as well as closing responsibilities as needed
? Responsible for post loan approval details such as: all appraisal reports, documentation/file is complete and
accurate, and any exceptions are reported to the senior lender.
? Prepares escrow closing package.
? Coordinates and gathers all closing figures, checks closing statement for accuracy and completeness.
? Administers all Construction Loan draws, working closely with the client owner and General Contractor,
insuring compliance in requesting all loan draw statements.
? Make and review periodic progress inspections on construction loan projects.
? Works closely with the architect or owner/client’s representative to ensure the draw is accurate, and
efficiently processed.
? Monitors current loans and credit lines to ensure compliance with terms.
? Handles all reporting on loans such as past dues, documentation and collateral exceptions, financial
performance updates, portfolio profitability, risk grades, etc.
? Responsible for Past Due and Maturing Loan Reports.
? Maintain timely renewals of loan maturities.
? Presents loan requests to Credit/Loan Committee.
? Assisting with loan presentations.
? Responsible for expanding and building relationships with a high degree of resultant customer satisfaction.
? Demonstrates a strong sales and marketing ability to generate multiple new business relationships in
accordance with annual goals.
? Able to effectively work with all departments of the bank but especially develop a close working
relationship with the credit, appraisal and commercial loan operations departments.
? Actively markets and cross-sells company products and services.
? Work with the VP, Director of Treasury Management in cross-selling Treasury Management
products/services to clients.
? Maintains current and in depth knowledge on banking and lending products, policies, procedures and
regulatory requirements, as well as market and industry activities and trends.
? Performs other related duties as assigned or requested.
Desired Skills And Experience
? Typically requires a Bachelor’s degree in Finance, Business or other related area.
? 3 to 5 years of directly related experience.
? Advanced knowledge of various types of loans, credit analysis, spreading and analyzing financial
statements, risk analysis, credit scoring, loan documentation, etc.
? Strong working knowledge of banking products, services, policies, procedures and regulations.
? Solid understanding of lending/banking compliance rules, regulations and procedures.
? Strong sales, client product and relationship management skills.
Supervisory Responsibilities
This job has no supervisory responsibilities, except when assisting and providing guidance to less experienced
? Strong practical knowledge of commercial banking and lending products, policies, procedures, regulatory
guidelines, and market trends.
? Developed critical thinking and decision making skills with the ability to interpret and analyze financial and
credit information.
? Strong credit and underwriting knowledge.
? Excellent organizational skills with proven ability to prioritize and manage workload and to instill a sense of
urgency in others as necessary to meet deadlines.
? Excellent external and internal customer service and relationship management skills with the ability to
convey a positive attitude and maintain a high degree of confidentiality, diplomacy, tact and salesmanship.
? Excellent sales, negotiating and implementation skills and the ability to effectively promote all bank
products and services.
? Excellent written and verbal communication skills with effective sales acumen.
? Solid technology skills, including ability to navigate and search related websites, and intermediate
proficiency with Microsoft office (Excel, Office, Word) and banking software applications.
? Ability to handle multiple requests/customers with a high attention to detail and ability to take initiative
when handling projects.
? Ability to maintain effective working relationships with all levels of Bank personnel.
? Ability to work with limited supervision.
Physical Demands
? The physical demands include close vision for computer work, standing, sitting and repetitive use of hands
and fingers, occasional lifting of up to 25 pounds.
? Occasional travel and/or weekend work may be required.
Lakeside Bank Equal Employment Opportunity Policy:
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential
functions of the job.
Lakeside Bank is an equal opportunity employer and all qualified applicants will receive consideration for
employment without regard to race, color, religion, sex, national origin, disability status, protected veteran
status, or any other characteristic protected by law.
Note: This job description is not intended to be all-inclusive. Employee may perform other related duties as
assigned to meet the ongoing needs of the organization.

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