The Portfolio Manager plays a vital role in managing and overseeing a portfolio of commercial loans. This position is responsible for maintaining the quality and profitability of the loan portfolio, assessing risk, and ensuring compliance with regulatory requirements.
15% Oversee and manage a portfolio of commercial loans, ensuring timely payments and addressing delinquent accounts. Monitor loan performance to identify potential risks or deteriorating credit quality. Ensure plan to payment discussions are notated in Sigma reporting.
15% Analyze financial statements and conduct credit reviews of existing borrowers to ensure ongoing creditworthiness. Recommend restructuring or modifications to loans when needed.
10% Responsible for managing the exception process for the assigned portfolio. Review outstanding exceptions weekly to ensure exceptions are cleared in a timely manner. Ensure that quality notes are put in the exception report. Manage the weekly exception reporting to regional management.
10% Monitor exceptions to make sure that there are no loan processing errors on the front end that may be the cause of unnecessary exceptions after loan closing and review.
5% Responsible for monitoring and managing the maturing loan process including 30/45/60/90 guidelines for tracking progress of renewal and note input into the report. Manage bi-weekly maturing loan check in and ensure current notes added to Sigma reporting for all future maturing loans 90 or less until maturity.
5% Responsible for reviewing the maturing loans weekly and alerting management for any maturities that are approaching or past maturity. Manage the reporting weekly that is sent to lending staff, as well as bi-weekly report that is sent to regional management.
5% Maintain strong relationships with commercial clients, serving as a point of contact for loan-related inquiries. Work closely with clients to understand their financial needs and provide tailored solutions.
10% Assist in the underwriting process by analyzing credit risks for new loans. Review loan applications and collaborate with Business Development Officers and Credit Officers to review the borrower's credit worthiness and identify ways to structure loan agreements.
5% Oversee the construction reporting process to ensure that notes reflect the current progress of the project. Assist with the construction inspections, as appropriate.
5% Prepare regular reports on the performance of the loan portfolio, including risk assessments and loan status. Maintain accurate documentation for all loans within the portfolio, ensuring compliance with legal and regulatory standards. Assist in audits or reviews conducted by internal and external auditors.
5% Ensure the portfolio adheres to relevant regulatory standards, such as Basel III, Dodd-Frank, or other industry-specific regulations. Stay up-to-date on changes in laws and regulations that impact commercial lending practices.
5% Collaborate with Credit Analysts, Loan Officers, and Senior Management to ensure effective portfolio management.
5% Support the development of junior team members and provide training where necessary.
Bachelor’s degree in finance, Business Administration, Accounting with 5 years of commercial lending, credit analysis, or loan portfolio experience or an equivalent combination of education and experience.
Master’s Degree or MBA preferred.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this job.
They are not intended to be an exhaustive list of all responsibilities, duties and skills required of personnel so classified.
Affirmative Action/Equal Opportunity Employer
Fidelity Bank is a full-service financial institution with assets of approximately $3.7 billion headquartered in Fuquay-Varina, North Carolina. The Bank owns and operates 57 branches throughout North Carolina, Virginia, and South Carolina.
For over 100 years, Fidelity Bank's vision has remained the same; to be the independent, sound, and profitable bank that businesses and families come to first - and bank with for life.
BANK FOR LIFE - We earn the loyalty of our customers. Our superior attention to caring and personal service lets us build relationships that span lifetimes - even generations.
INDEPENDENT - Fidelity Bank is not for sale. We have been independent for over 100 years and plan to remain that way.
SOUND - Our bank is safe and secure. We have superior quality assets and a rock solid capital position.
PROFITABLE - Our bank is profitable and growing. We provide consistent healthy returns and we seek out opportunities for growth and expansion.
Right By You: It's not just a slogan
Nothing is more important to us than the long-term success and financial well-being of our customers. Businesses and families turn to Fidelity Bank because we take the time to find out what is important to them, treat them with respect, and offer all the products and services they need in a friendly environment. Walk into any Fidelity Bank location and you will know you are in the right place. Generations of Fidelity Bank customers can attest to it. People ask why we go to such lengths for our customers. We remind them we do it for our friends.
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