at Farm Credit Illinois in Mahomet, Illinois, United States
Job Description
Description/Job Summary
The Portfolio Manager completes compliance, credit administration, and loan servicing responsibilities and serves as an information resource for the Commercial Lending Department.
Responsibilities/Duties
Compliance & Credit Administration
+ Monitors and reviews Borrowing Base Reports (BBR) for compliance, following up with customers as needed
+ Monitors, reviews, and follows up for financial statements on accounts that are required to provide financials
+ For loan participations, monitors and follows up with lead lenders on accounts where periodic financial information is required
+ Identifies and resolves issues with above monitoring responsibilities
+ Ensures conditions of loan approvals are satisfied
Portfolio Servicing
+ Assists Commercial Lenders by processing renewals, new loan requests, and loan servicing actions
+ Monitors construction loan inspections, disbursements, and billing of undisbursed fees, reporting issues or concerns to the Commercial Lender for resolution
+ Works with corporate legal counsel on issues as diverse as review of loan participation documentation, eligibility opinions, and other actions requiring legal counsel’s assistance and input
+ Monitors covenant compliance, ensuring timely and thorough compliance
+ Requests periodic financial statements from customers to maintain current financial information
+ Serves as tertiary contact for key loan relationships and key loan particpation partners
Commercial Lending Support
+ Assists support staff with loan document production by reviewing loan documents to ensure they include the correctlegal descriptions, note terms and covenants, and conform with the terms of approval
+ Provides assistance and guidance to support staff with quarterly calculations of unused fees to ensure accuracy
+ Provides guidance to support staff on customer relationship issues when the primary lender is unavailable
+ Coordinates with Loan Accounting Operations with servicing fees on loans sold, participation loan accounting setup on participations purchased, and other general accounting questions when the primary lender is unavailable
Back-Up Resource
+ Serves as the back-up resource to the support staff
+ Completes loan processing
+ Provides customer service
+ Creates board reports
+ Completes account maintenance
Reporting
+ Utilizes on-line research, published reports, contacts within the Farm Credit System, and other resources as needed to maintain and enhance knowledge of specific industries and targeted prospects
+ Develops and maintains understanding of risks specific to specific industries and shares information within the Commercial Lending Department
+ Utilizes industry knowledge in financing and servicing discussions
+ Creates standard quarterly reports on large loan relationships, utilizing information obtained from the Commercial Lender
Data Security and Confidentiality
+ Appropriately protects the confidentiality, security, and integrity of the Association’s systems and data and clients’ data
Required Skills
+ Working knowledge of accounting principles, practices and methods
+ Working knowledge of credit processing and procedures
+ Skill in listening and conveying awareness of a customer’s problem or issue to find resolution
+ Skill in utilizing a systematic approach to problem solving
+ Skill in interacting and working effectively with others
+ Skill in engaging, colloaborating and building trust amongst team members, along with establishing and maintaining cooperative working relationships.
+ Ability to work independently, being self motivated
+ Skill in gathering, compiling, organizing and analyzing information
+ Skill in performing a variety of duties, often changing from one task to another of a different nature
+ Skill in utilizing technology, including Excel and PowerPoint proficiency, to increase efficiency
+ Oral and written communication skills, sufficient to exchange information effectively with peers, supervisor and customers
+ Expert customer service skills, including the ability to communicate complicated information, deliver bad news effectively, and exceed customer expectations
+ Skill in balancing logic and intuition to make sound decisions in a timely manner
+ Skill in project management
Required Qualifications
Bachelor’s degree in accounting, business, finance or related field, and
3 years of related experience in finance, loan processing, or banking;
Or an equivalent combination of education and experience sufficient to perform the essential functions of the job
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