Commercial Portfolio Manager

Role Overview:Commercial Portfolio Manager

Responsible for assessing credit risk for Wholesale Banking customers and overseeing a Middle Market or CML portfolio. This position involves frequent client engagement, monitoring portfolio risks, and ensuring compliance with regulatory standards. An essential task is promptly recognizing developing credit concerns and trends within the industry.

Benefits:

• Team members who work over 20 hours weekly are eligible for the following benefits:
• Medical, dental, and visual benefits encompass a range of health-related services that an individual may receive. This sector covers various aspects of healthcare services, from medical treatments to dental and visual care. These benefits ensure that individuals have access to necessary medical, dental, and vision services to maintain their overall well-being. Individuals are entitled to receive medical, dental, and vision coverage through their insurance plans or employee benefits. This coverage includes a wide array of services, such as doctor visits, dental check-ups, and vision exams, to address different aspects of healthcare needs. The provision of medical, dental, and vision benefits plays a crucial role in ensuring that individuals receive comprehensive healthcare services. Medical, dental, and vision coverage comprises essential healthcare benefits that contribute to individuals' overall health and well-being.
• Life insurance, disability coverage, and accidental death and dismemberment insurance are essential forms of financial protection for individuals and their families
• Tax-preferred savings accounts
• 401(k) plan
• A minimum of 10 vacation days will be provided in the initial year, with the allocation being adjusted based on the length of service
• Ten sick days, prorated, refers to a specified number of sick days that are adjusted based on an individual's work schedule
• Paid holidays

Core Responsibilities:

• Oversee the entire process of commercial underwriting for potential customers and existing clients, which involves evaluating, recording, and collaborating with both inside and outside parties.
• Evaluate and organize all client and potential deals, guaranteeing precision in property appraisals, environmental evaluations, and UCC inquiries.
• Offer evaluations of financial documentation, corporate strategies, and potential threats, giving justified suggestions and financial assistance proposals.
• Retain a thorough understanding of client sectors and the range of credit and additional offerings from the bank for proposing suitable loan configurations.
• Confirm that all underwriting adheres to regulatory and compliance standards and conforms to the bank's risk framework.
• Oversee the designated portfolio through the observation of its performance, trends, and possible credit challenges, while promptly addressing any issues that arise.
• Ensure the precision of risk ratings, conduct yearly evaluations, distribute financial records, and carry out necessary compliance and regulatory checks.
• Supervise changes and exemptions in the designated portfolio while maintaining a proactive approach to risk management that is transparent and forward-thinking.
• Collaborate with in-house product teams to create and introduce credit offerings that satisfy customer requirements and adhere to the bank's pricing and risk tolerance standards.
• Provide a fresh and forward-looking assessment of risks associated with assigned clients and potential clients, as well as creating suggestions for managing those risks effectively.
• Effectively oversee a diverse portfolio with substantial credit risk, necessitating adept judgment, analytical problem-solving abilities, and the capacity to make independent decisions.
• Influence significant credit decisions independently and offer guidance to junior colleagues when necessary.
• Engage in and take charge of initiatives or endeavors that uphold the broader Portfolio Management framework beyond regular portfolio duties.
• Provide top-notch credit and underwriting evaluation while maintaining robust operational and credit risk criteria.

Qualifications:

Required:

• A bachelor's degree in finance or a closely related field is required.
• Over half a decade of professional involvement in evaluating commercial credit histories.
• Advanced expertise in MS Office programs.
• Effective abilities in interpersonal, written, and verbal communication.
• Showed reliable decision-making skills in assessing credit and analytical capacity.
• Exceptional focus on particulars.
• Demonstrating the capacity to efficiently manage tasks and prioritize responsibilities in a high-speed setting.

Preferred:

• Previous background working in a comparable position within a corporate financial establishment.
• Specialized knowledge relevant to a particular industry or sector.
• Competence in utilizing Truist operating platforms such as COMPASS, MRA, Salesforce, and nCino.

Equal Opportunity Statement:

Truist upholds fair employment practices by being an Equal Opportunity Employer that focuses on individual qualifications rather than characteristics like race, color, gender, religion, or national origin.

Truist also values diversity upholding non-discrimination policies based on citizenship, age, sexual orientation, gender identity, disability, and veteran status. Truist maintains a Drug-Free Workplace ensuring a safe and healthy environment for all employees. Truist follows non-discriminatory hiring practices that emphasize merit over personal traits such as race, color, religion, gender, or national origin. Truist promotes inclusivity by respecting individuals' citizenship, age, sexual orientation, gender identity, disability, and veteran status without bias.

Truist adheres to non-discriminatory principles when hiring, focusing on qualifications rather than characteristics such as race, color, gender, religion, or national origin. Truist values diversity and inclusion, emphasizing equal employment opportunities for individuals of all citizenships, ages, sexual orientations, gender identities, disabilities, and veteran statuses.

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