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Portfolio Manager 2313 - Commercial Lending

Company: The Washington Trust Company
Location: Providence
Posted on: November 11, 2019

Job Description:

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PORTFOLIO MANAGER 2313 - COMMERCIAL LENDING

Washington Trust Weybosset Street, 10 Weybosset Street, Providence, Rhode Island, United States of America Req #424
Tuesday, October 29, 2019
Washington Trust is a special place because of our people. We believe employees who are valued, recognized, rewarded and empowered will achieve personal and professional goals. We hire the best people in the business and are always looking for professionals who will uphold our core values of quality, integrity and community.

PORTFOLIO MANAGER:



We are seeking a seasoned analyst or portfolio manager to support our Commercial Lending Team in Providence. This position will be a key contributor to the implementation of the overall commercial lending plan for significant growth.



Working in partnership with the C&I Relationship Manager, this position will be responsible for underwriting of new transactions as well as effectively managing credit relationships within the existing C&I portfolio. The Portfolio Manager acts as a second point of contact for commercial lending clients.



PRIMARY RESPONSIBILITIES:

* Support the end-to-end credit management process including underwriting, structuring and documenting of loan transactions. Underwriting includes financial, industry and risk analysis and development of projections.

* Assist in the legal documentation, loan closing and loan funding.

* Provide ongoing maintenance and management of the assigned portfolio, including updating files with current financial information, collateral monitoring, covenant monitoring, tracking delinquencies, industry trends, and watch for developing issues.

* Maintain timely renewals of loan maturities for the assigned portfolio and ensure timely completion of annual file updates.

* Covenant Compliance: Monitoring, testing and preparation of waivers.

* Facilitate borrower financial reporting submissions to the bank. Responsible for evaluating financial performance of borrower and guarantors and based on a variety of factors determining an appropriate risk rating.

* Assure adherence to credit policies, guidelines and applicable regulatory compliance.

* Work with the Relationship Manager to develop a relationship plan and credit management strategy for key customers and loan prospects.

REQUIREMENTS/QUALIFICATIONS:

* Bachelor s degree in Business Administration, Accounting, Finance or equivalent in professional experience. Analytical background in commercial lending or other analytical experience is preferred.

* Strong organizational, interpersonal, communication (both written and oral), research and computer skills, attention to detail, and ability to creatively analyze various situations and data.

* Proficient in spreading financial statements.

* Proficient in Microsoft Word and Excel.

* Experience in the lending function and knowledge of bank s policies and procedures preferred.





Our employees enjoy a comprehensive benefits package, which includes health and welfare benefits, paid time-off, work-life program, and a 401(k) plan. We believe employees who are valued, recognized, rewarded and empowered, will achieve personal and professional growth. Apply today and find out why we have been voted one of the Best Places to Work in Rhode Island since 2011!

The Washington Trust Company, and each of its subsidiaries and affiliates are committed to cultivating and promoting a diverse and inclusive workforce. We seek to provide an environment of equal employment opportunity and advancement to all employees and applicants. It is our policy to provide equal employment and advancement opportunities without regard to race, color, ethnicity, age, religion, gender, pregnancy/childbirth, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status, or any other category protected by federal, state and/or local laws. Click Here to view EEO is the law poster . For additional information, please Click Here for EEO supplement poster.

OTHER DETAILS

* Job Family Professionals

* Job Function Professionals

* Pay Type Salary

Keywords: The Washington Trust Company, Providence , Portfolio Manager 2313 - Commercial Lending, Executive , Providence, Rhode Island

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