Manager, Portfolio Management & Special Asset

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Full Time 144 PTO Management St. Cloud, MN, US

5 days ago Requisition

Salary Range: $ To $ Annually

At Stearns Bank, we're helping people, entrepreneurs, small businesses, and local communities nationwide reach their full financial potential. Sound like something you want to be a part of? If so, we're currently looking for a Manager, Portfolio Management.

Come see how we're doing business unusual and charting our own path to reimagine a more inclusive financial services and banking ecosystem for all.

Stearns Bank understands and respects that everyone is managing unique career, family, and wellness needs. That's why we offer industry-leading benefits to employees to help them live healthy lives and bring their full selves to work every day. Benefits may vary for part-time positions. Some of those benefits include:

• Employee Stock Ownership Plan & 401k Plan
• Healthcare (Medical, Dental, Vision, Telehealth, Life insurance)
• 12-week Paid Parental Leave and Medical Leave:
  With a cap of 20 weeks for eligible team members who qualify for both Medical and Parental Leave related to the birth of a child.
• $5,000 Family Care Reimbursement:
  Childcare, Elder Care, Student Loan Debt, Pet expenses, Down Payment Assistance
• PTO from 13 to 23 days depending on tenure. Cashout and Carryover options
• 10 Days Sick Time
• 11 Paid Holidays
• 2 Days Self Allowance Time
• Tuition Assistance

For this position, we anticipate a salary range between $160,000 - $205,000. Final employment offers will be dependent upon the selected candidate’s relevant qualifications and experience.

The primary responsibilities of the Manager, Portfolio Management include communicating and working with both internal and external customers. The Manager, Portfolio Management is the primary point of contact for borrowers with existing small business and commercial loans classified in regular servicing status, that range in complexity. The Manager, Portfolio Management is responsible for diligently servicing customer requests through assessment of relevant facts, collection and review of borrower financial records and evaluation of the loan file for completeness.

The Manager, Portfolio Management proactively monitors the portfolio to ensure credit risks are timely identified with suggested corrective action and potential change to the bank's internal risk rating, as well as identifying potential new revenue opportunities. The Manager, Portfolio Management must perform critical job duties consistent with regulatory guidance, the SBA's standard operating procedures and Bank loan policy. The Manager, Portfolio Management must work with credit team inclusive of portfolio and workout teams, lending teams, legal team, and other management to supervise the bank’s commercial and SBA loan portfolio to proactively identify and manage credit risks, identify, monitor, and handle problem credits, and enforce loan and credit documents.

Assist with identifying and occasionally negotiate workout solutions to mitigate credit risks by securing paydowns and/or additional collateral and guarantors or exiting credit, pursuing full collection in collaboration with legal team, and recommend risk rating changes, changes in accrual status, charge downs and charge offs, and retention, workout and recovery strategies. This position is also responsible for the day-to-day management of the SBA Portfolio Managers.

This includes, but not limited to hiring, coaching, performance reviews, responding to questions, and serving as a liaison between management and support staff.

• Management and day-to-day supervision of the SBA and Portfolio Management Team, inclusive of the Special Assets team. This includes hiring, coaching, performance reviews, establishing and tracking KPIs/KRIs, and terminations. Assure that the staff is fully trained, that cross-training is provided, collaboration and teamwork is required and reinforced, and ongoing training opportunities are offered
• Manage a portfolio of existing credit…