Portfolio Manager

Description

Who We Are

 Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services and the website, CD Valet®. Our experienced team and open API, cloud-based core technology platform deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our highly configurable and scalable tech stack also supports partner banking that enables companies to embed banking transactions into their customer online experience. Seattle Bank’s most recent innovation is CD Valet, a new online marketplace that connects consumers to financial institutions to compare and open Certificates of Deposit (CDs) with the most competitive rates and terms nationwide. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company. Visit Seattle Bank for more information. 

Position Summary

Seattle Bank is currently seeking an experienced professional to fill the role of Portfolio Manager. This position is responsible for the analysis and underwriting of moderate to complex loan applications and portfolio management. The Portfolio Manager applies exceptionally strong credit skills and experience to structure loans with high complexity, balancing sales goals with strategic risk management to ensure risk is appropriately mitigated. This position is responsible for continual monitoring of the loan portfolio to ensure credit files are complete and well-maintained and notifying the Credit Administrator and Chief Credit Officer of any potential adverse information and trends.  

This is an in-person position located in Seattle, WA.   

Essential duties

• Gather and analyze credit information on current and potential borrowers including preparation of financial statement spreads for borrowers and guarantors. Prepare written summaries and financial trend, cash flow, and collateral analyses. 
• Underwrite commercial and consumer credit requests and recommend loan structures by drawing conclusions from the information provided as to the financial condition of the client and identifying key credits risks and mitigating factors.  
• Track changes and update credit approvals with additions, modifications, and clarifications as the package is vetted by the Credit Administrator, Chief Banking Officer, Chief Credit Officer, and Loan Committee.  
• Ensure compliance with Seattle Bank’s credit policy and procedures and identify policy exceptions.  
• Collaboratively prepare credit approval presentations with the Relationship Managers.  
• Research economic environment, business and industry cycles, management, and operation assessment to understand non-financial risks associated with the borrowers. 
• Work in concert with Credit Administrator and Relationship Managers to organize and manage a portfolio monitoring system on all loan relationships. 
• Review and analyze third party reports such as appraisals, environmental reports, and credit bureau reports. 
• Monitor periodic loan/financial covenants to determine compliance, notifying appropriate parties for non-compliance. 
• Contact borrowers to obtain updated financial information to ensure quality of documentation within files. 
• Assist in the preparation of problem loan reports on adversely graded borrowers and assist in loan workouts as appropriate. 
• Assist with special projects as assigned including, but not limited to, preparation of management reports. 
• Mentor junior Credit Analysts by providing opportunities for assistance and training. 

Requirements

• Bachelor’s Degree and five (5) or more years of credit analysis or related experience. 
• Formal bank credit training program preferred or certification in RMA or Omega. 
• Experience underwriting new commercial real estate and/or lines of credit loan with minimal oversight. 
• Broad knowledge of credit principles and commercial lending best practices. 
• Experience, knowledge, and training in financial statement and tax return analysis typically resulting from a combination of education and courses in accounting, financial, and credit analysis. 
• Proficiency with financial spreading software (e.g., Moody’s Risk Analyst, Buker’s Tax Analysis). 
• Proficiency with Microsoft Office programs. Expertise in Microsoft Excel is a plus.  
• Very strong verbal and written communications skills.  
• Ability to communicate well with loan officers, clients, and Bank management. 
• Excellent organizational and time management skills. 
• Ability to work with minimal supervision while performing duties. 

Seattle Bank Benefits

We’re committed to delivering our promise of peace of mind to our clients. But we’re also committed to our team members. We have intentionally designed a culture and work space that are highly collaborative, inclusive and supportive. We believe in the value of each team member and offer a full range of benefits and perks designed to support both your personal and professional goals. Our com prehensive benefits program for eligible employees includes:  

• Medical, Dental and Vision insurance  
• Employee Assistance Program (EAP), Life Insurance, Long Term Disability, Voluntary Life  
• 401K with Bank contribution  
• Paid Vacation – 3 Weeks 
• Paid Sick Time – 1 hour per 40 hours worked 
• Paid Holidays – 10 days 
• Stock Options 
• Annual Bonus Opportunity 
• Transportation Benefits 
• And fun, extra perks such as company socials and lunches, team development activities, bank sponsored volunteer opportunities, paid volunteer hours, quarterly incentive awards, and professional development opportunities. 

Salary : $90,000 - $120,000