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Senior Portfolio Manager Job
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| Employer Name: BankingandFinanceCrossing |
SpiderID: 2354911 |
| Location: Philadelphia, Pennsylvania |
Date Posted: 7/9/2008 |
| Wage: |
Category: Banking/Mortgage |
| Job Code: 6060429 |
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Job Description:
RESPONSIBILITIES: Mgmt of Portfolio Assigned Accounts: Become familiar with all problem relationships in assigned portfolio, and understand the overall risk and nature of problems at the time of their transfer into SAM. Continuously assess risk and formulate satisfactory resolution plans for accounts originating in REFS. With little or no guidance, implement approved action plan through discussions and negotiations with the customer, legal counsel, and other third parties (consultants, participants, etc.). Successful implementation will include one or more of the fundamental resolution strategies of restructure and upgrade, liquidation, litigation or asset sale. Complex asset resolutions may employ several strategies at the same time. Analyze financial data, collateral values, and loan documentation. Sr. Portfolio Mgrs will be expected to manage a complex portfolio to include litigation and bankruptcy/OREO accounts/relationships, and multi-bank syndications. Ensure that the Bank is not exposed to losses due to failure to protect collateral or lender liability associated with assigned portfolio. Responsible for accuracy and integrity of credit grading and reserves; FAS 114 requirements; credit policy compliance (including collateral valuation, environmental risk, etc.); accounting policy compliance. Ensure quality of credit file and CaTool database. Portfolio Reporting: On at least a monthly basis, prepare projections, update action plans, report status, etc., on assigned portfolio to Sr. Mgmt, in required bank standard format. Consult with Other Banking Units: Act as consultant to Line and Risk, units when a problem credit situation arises, and monitor situation until resolved or until decision is made to transfer relationship to SAM. Maximize profitability through expense control. Through personal leadership, build a partnership with line units and support areas of the Bank.
For more information, please click here to visit us at BankingandFinanceCrossing
For further information, please visit us online at http://www.bankingandfinancecrossing.com
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Job Criteria:
Start Date:
Position Type: Full-Time Permanent
Years of Experience Required:
Education Required:
Overnight Travel:
Vacation Time:
Contact Information:
| Contact Name: - |
Company Type: Employer |
| Company: BankingandFinanceCrossing |
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| City: Pasadena |
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| State: California |
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| Zip: |
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Web Site: http://www.bankingandfinancecrossing.com
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