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Senior Portfolio Manager
Independently manages portfolio of complex customer relationships to ensure ongoing profitability and complete conformity with credit terms. Ensures the sale of additional financial services. Maintains an in-depth understanding of commercial, economic and financial circumstances and how they impact the customers and prospective customers under their management. Coordinates with key internal partners to support servicing of existing customer base.
Position Responsibilities:
Portfolio and Risk Management
- Retain and manage existing loan portfolio taking ownership of all reviews and renewals for existing credit customers. Portfolio includes complex accounts.
- Formulates an opinion of whether such relationships continue to be an acceptable risk.
- Decides loan terms and conditions if within own credit limits or makes recommendations to appropriate authority.
- Develops and maintains direct relationships with customers including a calling/contact effort with target of minimum in person contact of 2x per year.
- Provide oversight and guidance to credit support in underwriting for renewals and reviews.
Work with counsel to negotiate loan documentation. - Assist Corporate Finance on CMA led syndications.
- Provide qualitative input for RECAP creation.
- Works in conjunction with manager to prepare for and present at loan committees and credit quality reviews as applicable.
- Coordinate with Loan Closers to facilitate closing of renewals or amendments.
- Adheres to Risk Management policies and guidelines, i.e. regulatory compliance, portfolio and credit quality, and portfolio management.
- Assists with monitoring existing loans to ensure compliance with terms of loan agreement and recommends corrective action on variances.
- Identify & resolve operational and credit issues with loans held in portfolio.
- Manage all non-loan credit and product risk products for existing clients, incl. treasury (ACH, Business deposit capture, etc.,) approvals and documentation.
- Management of ad hoc and regulatory reporting within existing portfolio (both internal and external requests).
- Monitor, track, and assist in the collection of past due loan payments, exceptions, overdrafts, and maturing loans.
- Provide day-to-day servicing of portfolio including credit risk monitoring.
- Conducts interviews to develop information concerning the nature of the customer's business, financing or other needs.
- As appropriate, may provide informal team leadership responsibilities in support of the GM.
Profitability
- Identify and close appropriate incremental financial solutions with the goal of retention and expansion (cross sales).
- Retain existing portfolio and associated profitability.
Additional Duties
- Promotes public bank image by being involved in meaningful community and business development activities, as appropriate.
Position Qualifications:
Vice President, Portfolio Manager III
- Bachelor's degree from an accredited university
- Completion of a formal credit training program
- 5 years of commercial underwriting, credit and/or lending experience or 7 years of experience in Lending or Credit
Vice President, Portfolio Manager IV
- Bachelor's degree from an accredited university
- Completion of a formal credit training program
- 5 years of commercial underwriting, credit and/or lending experience or 7 years of experience in Lending or Credit
Work Best Category: Category B - 3-4 days in office on designated days/1-2 days remote
Hours: 8:00am - 5:00pm Monday - Friday
Salary: To Be Determined Based on Individual Experience
About Comerica
We know our employees are critical to our overall success and we are dedicated to investing in their future. One of the ways we do this is to offer a comprehensive Total Rewards package designed to recognize and reward individual performance, as well support health, well-being, development and security for our colleagues and their family. Total Rewards consists of cash compensation, development and flexible benefit programs designed to meet individual needs today and in the future. Your salary will be commensurate with your work experience and our programs are reviewed regularly to ensure each remain competitive. We are proud to offer benefits such as health and welfare programs, strong retirement benefits, and generous paid time off programs. You and your eligible family members, including domestic partners and their children, can participate in medical, dental, and vision benefits, 401(k) and pension, income protection benefits such as life insurance, AD&D, and supplemental health programs to offset unexpected health care expenses. We also have a variety of time off programs for things like vacation, sick time, disability, and parental leave. Eligibility for some programs varies based on employment status and tenure.
Upon offer, Comerica conducts a comprehensive background and fingerprint check.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned into three major business segments; the Commercial Bank, the Retail Bank, and Wealth Management. Comerica's colleagues focus on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer - veterans/individuals with disabilities, committed to workplace diversity.
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Comerica Bank
life insurance, parental leave, paid time off, sick time, 401(k)
Jan 11, 2025