Portfolio Manager II - Fund Finance

PORTFOLIO MANAGER II - Fund Finance

The Portfolio Manager is part of the Fund Finance Credit Management Team focused on the long‑term risk‑adjusted returns for the bank within the assigned business segment and/or geographic area(s). This individual manages a sub‑set of existing credits and is a key partner in the origination of new credits.

• Provide customized solutions for asset management clients in support of both their managed funds and the capital needs of the firm.
• Support capital call and subscription facilities for managed funds and RLCs/TLs directly to the asset management firm to support working capital, dividend distributions, general corporate purposes, GP investments and partner buy‑outs.
• Provide comprehensive credit recommendations and presentations to key risk partners related to prospect(s) and existing clients of the bank, including moderate to complex new credit structures, modifications and extensions.
• Present credit recommendations within the bank's risk appetite and framework and follow the bank's policies, processes and procedures.
• Respond to clients' credit needs with an elevated level of client service and credit acumen.
• Oversee the ongoing management of the portfolio, including timely risk rating assessments, reporting covenants, covenant compliance and the preparation of quarterly and annual reports.

• Mentors junior colleagues and fosters a culture of continuous improvement and professional growth.
• Owns and manages an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices.
• Analyzes credit data and performs underwriting to assess creditworthiness and recommend appropriate structures to the sales team and client.
• Prepares underwriting memorandums and approval documents for presentation to Credit Risk.
• Monitors portfolio performance, including periodic reviews and covenant tracking.
• Underscores effective risk management, maintaining high standards of credit quality and origination in alignment with the bank’s credit risk appetite.
• Partners with Relationship Manager(s) to successfully manage credit account relationships and collaborate with cross‑functional teams.
• Provides exceptional client service and participates in joint sales pitches with Relationship Manager(s).

• Bachelor’s Degree or equivalent in Finance, Business or related field.
• Minimum 5 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries.

• Intermediate experience in credit management and lending operations, with a strong understanding of risk management principles.
• Desire to build leadership and coaching skills and the ability to train and develop talent.
• Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross‑functional teams.
• Intermediate analytical skills, with the ability to interpret complex data and make informed decisions.
• Industry‑specific knowledge and expertise for Fund Finance.

Starting base salary: $53.56–$91.22 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

• Comprehensive healthcare coverage, including medical, dental and vision plans, available the first of the month following start date.
• Generous 401(k) company matching contribution.
• Career development through tuition reimbursement and other internal upskilling and training resources.
• Valued time‑away benefits including vacation, sick and volunteer time.
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs.
• Career mobility support from a dedicated recruitment team.
• Colleague resource groups to support networking and community engagement.

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law. It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment.

An employer who violates this law shall be subject to criminal penalties and civil liability.
* Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications.  accepts applications on an ongoing basis, until filled. Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.