SVP/Commercial Banking Portfolio Management Group Manager
paycom atsNorthbrook, IL
$175,000 per year
Apply nowSVP/Commercial Banking Portfolio Management Group Manager
L7
paycom atsNorthbrook, ILyesterday
$175,000 per year
Industries
Commercial BankingSavings Institutions and Other Depository Credit IntermediationOther Activities Related to Credit IntermediationJob Details:
Job Location: Northbrook - NORTHBROOK, IL, Position Type: Regular Full-Time, Salary Range: $175000.00 - $215000.00 Salary, Job Category: SVP, This position reports toChief Commercial Banking Officer
Basic FunctionsResponsible for underwriting and managing complex Commercial – Middle Market, Large Corporate and Franchise loan transactions. Oversee portfolio management of existing borrower relationships and lead portfolio credit administration and support the growth in commercial loans. Serve as a subject matter expert in credit skills, credit products or industries. Manage a team of credit underwriting professionals.
Essential Duties:
Manage a team of Portfolio Managers (PMs), with varying experience levels, in due diligence, underwriting, loan approval and documentation of new loan transactions, renewals, amendments and oversees ongoing portfolio and client monitoring.
Supervise the financial analysis and approval requests consistent with Bank credit policy
Oversee and provides guidance in credit strategy, negotiation of terms and conditions for all new loan transactions and loan renewals including the review of related loan documentation. Oversee daily PM responsibilities including ODs, past due loans and coming due loans and amendments are managed timely.
Supervise all required quarterly and annual reviews, and all outstanding loan ticklers
Assist in managing Franchise loan policy, and all required credit monitoring procedures
Supervise PM’s administration for construction loans and remodel loans for Franchise fundings and related new loan closings
Oversee the management of existing loan portfolio administration and provide Senior Management and Board reporting
Responsible for managing ongoing requirements for all internal and external audits including compliance with credit policies and procedures, risk rating reviews, covenant monitoring requirements and annual / quarterly reviews.
Drive process improvements to increase workflow efficiency
Train and develop new or less experienced PMs and loan administrators
Nonessential DutiesOther duties as assigned
Knowledge, Skills, and AbilitiesStrong understanding of accounting principles and financial statements
Demonstrate professionalism, tact and diplomacy when interacting with clients and business partners
Enjoy working with a diverse range of businesses and industries
Excellent verbal and written communication skills
Highly detail-oriented with a strong commitment to accuracy
Proven ability to manage multiple priorities and meet established deadlines
Strong knowledge of lending practices, credit analysis and applicable banking regulations
Qualifications:
Training & ExperienceCollege degree in Finance, Accounting or equivalent related experience
10+ years’ experience in banking industry
5+ years’ experience in commercial lending area
Credit Analysis training
Microsoft proficiency
CPA or MBA preferred
CompensationExpected Salary Range:
$175,000 - $215,000
Salary will be negotiated based on relevant skills and experience as well as internal equity and alignment with market data.
Benefitsmedical/dental/vision/life insurance
401(k)
paid time off (PTO)
eligibility for an annual bonus
First Bank Chicago offers a comprehensive benefits package including medical/dental/vision/life insurance; 401(k); paid time off (PTO); and eligibility for an annual bonus. For a complete listing of benefits, please visit our website: https://firstbankchicago.com/Employee-Benefits.
Equal OpportunityFirst Bank Chicago is an Equal Opportunity Employer: disability/veteran
Crain’s Chicago Best Places to Work 2018 I 2019 I 2020 I 2021 I 2022 I 2023 I 2024 I 2025 I 2026
Apply now
Level
ManagerL7
Salary
$175,000 per year
Location
Northbrook, IL
Occupation
Credit Analysts
Industry
Commercial Banking
Posted
yesterday
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