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Areas of Interest: Commercial Banking, Health Care; Commercial Credit Underwriter
Pay Transparency Salary Range: Not Available
Application Deadline: 10/13/2024
Summary
You place great value on building meaningful relationships, and you do so by leveraging your excellent interpersonal skills. You find satisfaction in helping others by offering sound advice. Bring your knowledge, skills, and abilities to us as a Portfolio Manager III. You’ll be positioned for a great career! The Portfolio Manager III partners with the Relationship Manager in supporting the growth and management of the loan portfolio.
Job Description
The Portfolio Manager III partners with the Relationship Manager in supporting the growth and management of the loan portfolio. This role provides ongoing asset management of a credit portfolio and conducts regularly scheduled reviews of overall asset quality, focusing on evaluating performance against original underwriting expectations. These reviews evaluate information including borrower/sponsor historical financial statements, changes in the macroeconomic environment, pro forma statements, planned capex, stress testing, and overall analysis of the credit condition of the borrower/sponsor.
Acting autonomously, the principal functions of the Portfolio Manager III are to (1) continuously monitor and assess the credit profiles of the customers in her/his assigned portfolio; (2) help manage customer relationships by providing exceptional service; (3) assist with routine issues such as monthly/quarterly reporting requirements, overdrafts, wires, new account openings, etc.; (4) ensure that renewals, extensions, and annual reviews are completed in a timely manner; (5) seek ways to enhance customer profitability by looking for cross-sell opportunities; and (6) identifying referral opportunities from current customers and centers of influence.
How You'll Spend Your Time
• You will prepare complex financial underwriting on transactions involving critical client accounts that significantly affect profits of Lines of Business (LOB’s) across the hospital and health system lending spectrum. Typical transaction size ranges from $10 Million to $50 Million. Analysis is conducted independently, and recommendations are made to Relationship and/or Department Managers regarding final structure and pricing.
• You will establish and maintain favorable relationships with current and prospective clients. Manage moderately large relationships (credits, deposits, and fee-based products/services) that require more complex analysis. Make recommendations as to whether an extension/modification is deemed appropriate, as well as negotiate the terms and conditions of the proposed extension or modification terms.
• You will assume responsibility for recognizing/documenting all policy exceptions; interact with clients/prospects to gather key information for credit analysis, including questions relating to the preparation of financials and gaining an understanding of business models.
• You will participate in joint calling on credit customers/prospects, interact with clients frequently and in a manner that fosters the development of solid relationships; assist in the development of new credit business through calling with Relationship Managers on existing or prospective clients to gather key information for proper credit analysis.
• With an advanced understanding of the healthcare line of business, you will analyze clients’ needs; assess the client’s financial position and credit worthiness to ensure loans meet credit and financial requirements for lending quality and compliance as determined by the Bank’s Credit Policy.
• You will review all legal documents for accuracy and potential changes, prepare amendments as needed. Independently negotiate documents with Borrower and/or Borrower’s counsel, when necessary.
• You will autonomously report on the overall portfolio, including assessing asset quality, stress testing, industry and market analysis, competitive analysis, asset allocation, reserves, and non-performing loan analysis.
• You will ensure accuracy of information, data, and documentation for all portfolio accounts. Maintain loan reporting, including: past dues, documentation and collateral exceptions, financial performance updates, asset quality reports, portfolio profitability, etc.
• You will effectively present proposed credit actions in written analysis document and as necessary, verbally to Senior Credit Officers.
• You will act as a mentor to Credit Specialists and more junior Portfolio Managers.
• May perform other duties as assigned.
Education & Experience Requirements
The required level of knowledge is normally acquired through completion of a Bachelor’s degree and 8+ years of Credit Analysis/Credit products underwriter experience; or 15+ years of equivalent work-related experience.
- Comprehensive accounting & cash flow knowledge, with demonstrated knowledge of intermediate accounting theory including the difference between GAAP and income-tax based statements, cash and accrual accounting, consolidation, and elimination principles.
- Succinctly identify the drivers and/or potential threats to cash flow and structuring in order to mitigate that risk, if possible.
- Solid working knowledge of rules, regulations, and documentation.
- Clearly communicate and convey information and ideas through a variety of channels.
- Leverage a network of relationships with clients, Relationship Managers, and peers for support in achieving both the individual and organizational goals.
- Strong knowledge and understanding of credit principles, lending functions, loan analysis, and application of general credit policies.
- Excellent organizational skills and meticulous work habits.
- Solid critical review skills focused on errors and incorrect conclusions.
- Ability to complete assignments quickly and efficiently with minimal direction.
- Proactive communication skills (internally with colleagues and senior personnel and externally).
- Possess the courage and confidence to have difficult conversations or voice differing opinions (both internally and externally).
- Ability to work efficiently under limited timeframes.
- Strong knowledge of loan documentation, loan policy, and regulations.
- Excellent knowledge of the Loan Grading Process.
- Excellent oral and written communications skills.
- Advanced PC and spreadsheet software skill.
Top 3 reasons to apply
Investing in our talent and building a great workplace is a top priority for us.
For more than a century, BOK Financial Corporation has helped fuel the success of clients and communities. Since our humble beginnings in Tulsa, Oklahoma, we’ve grown into a diversified financial services company that serves consumers, small businesses, and international corporations—and everything in between.
- Operations focused in an eight-state footprint.
- 4,800 team members.
- $49 billion in assets.
- $100 billion in assets under management and administration.
- $6.1 million donated to local nonprofits in 2022.
- 33,000+ volunteer hours by our employees in 2022.
Nearest Major Market: Tulsa
Nearest Secondary Market: Oklahoma
Job Segment: Credit Analyst, Relationship Manager, Testing, Bank, Banking, Finance, Customer Service, Technology
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