What are the responsibilities and job description for the Portfolio Officer - Specialty Finance position at Amerantbank?
Purpose:
To assist in the maintenance of credit quality for the commercial loan portfolio and accounts for either Specialty Finance and/or the Commercial segments. Monitor portfolio and individual loan relationship trends, including to clear exceptions. Contribute to the quality and credit risk management of the assigned loan portfolio.
Scope & Role:
- Responsible for coordinating and streamlining the loan approval process and support loan closings. This includes assisting Relationship Managers collaborating with other bank units such as Credit Administration, Loan Operations, Credit Services, Closing areas, and Credit Risk. This also includes maintaining accuracy of reports and quality of the portfolio. Reports to Portfolio Team Leader all issues found in this area;
- Responsible for administrating and monitoring the 30 day delinquencies, risk rating process (CARs), exceptions, covenant, as well as assisting in the identifying any “red flags” or problems within the portfolio. Reports to Portfolio Team Leader all issues found in this area;
- Conduct analysis/underwriting functions, as needed. Provide support on new business activities by screening preliminary data and follow up in obtaining required documentation and conformity to credit underwriting policy of the bank. Prepare documentation, memos, and/or presentation (i.e. Term Sheet, PowerPoint presentations, etc.) as needed on behalf of the Relationship Manager;
- On-going review of future maturities for timely disposition;
- Manage third-party reports, review, and collections;
- Operate the software systems for loan originations and annual reviews;
- Conduct annual review of existing credit relationships; recommend changes in risk rating as deemed appropriate. This includes calculating covenant testing requirements as needed. Identify, track and monitor loan policy exceptions, review credits with loan covenants and verify compliance;
- Coordinate delinquent loan monitoring of assigned portfolio recommend appropriate action. Report status to supervisor;
- Conduct project site visits/inspections and report findings;
- Attend seminars and training sessions to keep abreast of changing regulations, as well as industry/market trends and conditions;
- Provide assistance in other areas within the department, as required, covering during vacation or absenteeism;
- Ensure preventive measures are carried out to fully comply with current rules, regulations and internal policies relating to risks pertaining to BSA, USA Patriot Act, OFAC and other AML related issues. This includes overseeing the compliance package preparations conducted by the Lending Assistants; and
- Assist management with ongoing projects.
Minimum Education and/or Certifications Requirements:
Bachelor’s in Accounting or Finance required. OR pursuing a College degree. Formal credit training is a plus
Minimum Work Experience Requirements:
1-2 years of overall professional experience in lending field, credit analysis/underwriting of loans. Knowledge of Bank documentation and other Bank products.
Technical and/or Other Essential Knowledge:
Thorough understanding of Amerant’s credit and lending policy and procedures. Accounting and credit principles. Proficiency in Microsoft Word and Excel required; experience in PowerPoint is a plus. SalesForce, nCino, B2B, and AS/400 Fiserv experience is a plus. Sound time management and organizational skills required. Well organized and systematic. Must possess strong communication skills.
