Portfolio Manager II, Hybrid or Remote
Company: Heartland Financial Usa, Inc.
Location: Dubuque
Posted on: June 18, 2022
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Job Description:
HTLF is an equal opportunity employer committed to creating a
diverse workforce. We consider all qualified applicants without
regard to race, religion, color, sex, national origin, age, sexual
orientation, gender identity, disability or veteran status, among
other factors.
HTLF is a diversified financial services company headquartered in
Dubuque, Iowa. We deliver community banking at scale by powering
our geographically diverse group of banks with technology,
efficiency and strength - giving local decision-making the
opportunity and insights to focus on customers and growth.
Relationships have been the core of our company since its founding
in 1981. We're deeply invested in the communities we serve, and
that's why our clients choose us as their banking partners.
What's different about a career at HTLF? We believe our employees
and their diverse backgrounds, perspectives and skills are our
greatest assets. We wouldn't be HTLF without the people with whom
we surround ourselves and empower to enrich the lives of our
customers, employees and communities. We're dedicated to making
HTLF the best place to work - where your opinions are valued, your
feedback and ideas are heard, and your opportunities for personal
growth and professional development are endless.
The Portfolio Manager II is responsible for underwriting Commercial
and Ag credit exposures, consisting of gathering, analyzing and
interpreting credit and financial information for existing and
prospective customers to assess credit quality and minimize risk
and potential loss. In addition, the Portfolio Manager II assists
the Commercial Banker in managing their client relationships.
PRIMARY & ESSENTIAL RESPONSIBILITIES:
1. Works with limited oversight, to appropriately and timely
underwrite credit and develop the appropriate credit structure in
relationship to the credit risk.
a. Analyzes historical and projected financial statements for
business, personal borrowers and guarantors. Identifies and
analyzes risks and repayment ability.
b. Evaluates the adequacy of loan structures and collateral
positions.
c. Identifies risks related to borrower operations, considering the
history of business, ownership, type of business entity, and
industry/sector of the borrower.
d. Summarizes findings in a credit presentation (write-up) which
will be utilized by the respective authorities as a basis for their
approval decisions. Write-ups will summarize credit risks in a
"Credit Comment"; identify loan policy exceptions; propose
improvements to loan structure; assess the loan rating, and
determine the probability and impact of default.
e. Reviews commercial loan file documentation for accuracy and
compliance with approval requirements.
f. Completes required participation allocations based upon an
understanding of requirements of combining loans for legal lending
limit considerations and assesses appropriate level of approval
required for each request.
g. Leads underwriting discussions with Credit Officers and
Commercial Bankers.
h. May assist the Credit Officer in providing underwriting,
completed applications and servicing requests for Government
Guaranteed programs.
i. Keeps the Commercial Banker informed of the status of the credit
and obtains concurrence from the Commercial Banker on significant
changes to proposed terms and conditions of the credit.
j. Holds weekly meeting with required individuals to ensure the
renewal is properly underwritten, and that the loan is renewed on
or before the maturity date.
2. Assists the Commercial Banker in the monitoring of the
portfolio, specifically:
a. Obtains and reviews financial statements on a timely basis.
b. Understands, detects, and reports the early warning signs of
problem credits. Minimizes the risk of credit loss to maintain
appropriate risk ratings on all loans.
c. Obtains and reviews Compliance Certificates, Borrowing Base
Certificates, and associated receivable, payable, and inventory
reports on a timely basis.
d. Monitors all covenants and follow ups immediately on any
covenants out of compliance.
3. Assists the Commercial Banker in preparing for client and
prospect meetings.
a. Obtains updated information on existing relationship by
obtaining industry or call information from sites such as First
Research and mentor.
b. Participates, with the Commercial Banker, in meetings with the
client or prospect at the customer's place of business, the bank
offices, or by phone. Serves as the expert on PROFITMAX.
4. Prepares business case memos and participates in business case
discussions, subsequent meetings with bank management, industry
specialists, and other interested parties. Exchanges information,
ideas, and seeks to understand the opinions of others.
5. Assists the Commercial Banker in ensuring that all client
documentation and customer agreements, credit and non-credit alike,
are accurate, properly executed, and funds are withheld until all
documents are properly executed.
6. Assists the Commercial Banker by being identified as the in-bank
relationship manager, taking care of requests from the customer
that cannot be handled by the Loan Assistant.
7. May assist the Commercial Banker by conducting loan
closings.
8. Assists the Commercial Banker by scheduling, attending, and
participating in the Lender Annual Review.
9. Prepares real estate property evaluations consistent with bank
policy and regulations.
10. Conducts business in compliance with bank policies, procedures,
federal and state laws and regulations.
11. When applicable, actively participates in community activities
that promote the bank and/or assist in business development.
12. May participate in the on-site conversion of acquired banks,
including assisting in the conversion of portfolio data, initiating
renewal requests, and training bank staff.
13. Continuously seeks additional knowledge and training to enhance
sales, credit, and people skills.
REQUIRED SKILLS & EXPERIENCE:
1. Bachelor's Degree in Business Administration, including specific
courses in Accounting, Finance and Economics
2. 3 -5 years of related experience as a Credit Analyst, Portfolio
Manager or Commercial Loan Officer
3. Strong analytical skills and an understanding of general
economic theory as it relates to the lending and business
environment
4. Understanding of credit analysis, risk analysis, and accounting
and finance principles
5. Knowledge of commercial and agricultural lending, credit and
appropriate banking laws and regulations
6. Strong credit underwriting skills. Experience in credit
structuring and prudently accommodating customer credit needs.
7. Track record of demonstrating accuracy and thoroughness; Looks
for ways to improve and promote quality. Applies feedback to
improve performance and monitors own work to ensure quality.
8. Ability to maintain confidentiality of customer and credit
information
9. Demonstrated proficiency in organizing and prioritizing work to
meet deadlines, with the ability to adapt within a changing
environment
10. Proficient in Microsoft Word, Excel, and Outlook.
11. Experience with PROFITMAX, InfoAccess, CME, AS400/Fiserv or
other relevant computer programs, preferred
12. Understanding of bank policies and procedures, preferred
Scheduled Weekly Hours:
40
Time Type:
Full time
Keywords: Heartland Financial Usa, Inc., Dubuque , Portfolio Manager II, Hybrid or Remote, Executive , Dubuque, Iowa
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