Portfolio Manager

As a Portfolio Manager at Piermont Bank, your primary responsibilities include monitoring the credit risk of our commercial loan portfolio, managing loan renewals, performing annual reviews of existing loan relationships, and preparing detailed reports for credit supervision and risk committees. You'll focus on financial analysis, industry assessments, and managing potential weaknesses in our asset quality.

To be considered for the Portfolio Manager position at Piermont Bank, candidates must have at least a bachelor's degree in finance or accounting and a minimum of four years of experience in underwriting or loan portfolio management. Understanding credit risk, regulatory reporting, and demonstrating strong communication skills are also essential for success.

Piermont Bank is dedicated to supporting its Portfolio Managers with continuous training and resources. We provide our team with access to advanced tools, including the Salesforce platform, along with opportunities for professional development to ensure they stay competitive and effective in managing our loan portfolios.

The salary range for the Portfolio Manager role at Piermont Bank is between $115,000 and $140,000 per year, depending on the candidate's job-related knowledge and experience. In addition to the salary, there may be bonuses and a comprehensive benefits package to enhance overall compensation.

Success as a Portfolio Manager at Piermont Bank relies on a variety of skills including strong analytical and financial assessment abilities, effective communication skills to articulate credit practices, and a solid understanding of credit risk and regulations. Familiarity with Microsoft Office applications and experience in commercial banking bolster these essential skills.

When assessing credit risk in a portfolio, I analyze financial statements, assess industry benchmarks, and evaluate cash flow patterns. Utilizing both quantitative and qualitative methods ensures a comprehensive view of potential risks associated with borrowers.

I have extensive experience in managing loan renewals, focusing on thorough reviews of existing relationships, proactive communication with clients, and assessing changes in their financial status to determine the appropriate course of action for renewal terms.

I prioritize staying informed about changes in regulations by subscribing to industry newsletters, attending relevant seminars, and participating in continuous education courses. This proactive approach helps me to manage compliance effectively and adapt to changing regulations as needed.

When preparing reports for credit supervision, I ensure to include comprehensive analysis, clear presentations of key metrics, and actionable insights. I believe that clarity and precision are critical to effectively communicate the portfolio’s performance to the credit committee.

In such situations, I initiate open communication with the client to understand their challenges and explore potential solutions. A proactive approach allows for timely intervention and support, which may involve restructuring terms or facilitating access to additional resources.

Collaboration is vital in my role as a Portfolio Manager, as it allows me to leverage diverse perspectives across departments. By working with colleagues in risk, credit history, and compliance, we can collectively ensure the health of our portfolio and better serve our clients.

I recall presenting a portfolio risk analysis to senior management, where I simplified complex data into digestible insights. Utilizing visual aids and clear narratives helped convey the critical points effectively, leading to informed decision-making on risk management strategies.

I employ a systematic review process to ensure compliance with credit regulations, which includes timely audits, detailed documentation practices, and regular training sessions for my team to stay updated on regulatory changes.

Prioritization is key when managing multiple loan portfolios. I categorize tasks based on urgency and potential impact, use project management tools for tracking, and allocate specific time slots for each account to ensure thorough attention and timely follow-through.

Key indicators I monitor for portfolio performance include delinquency rates, loan default rates, and overall portfolio yield. Additionally, I analyze trends in borrower performance and industry sectors to identify any emerging risk factors.