Portfolio Manager

At Axiom Bank, we encourage you to aim for the sky and leverage your expertise and passion to excel. We are a growing, dynamic organization – this is an exciting time to get on board!

We believe in the value of promoting a healthy work/life balance and are committed to recognizing the role everyone plays in our ongoing success. We offer the following benefits to our Full Time Employees:

• 12 Paid Holidays
• Generous Paid Time Off
• 4% Match on our 401(k)
• Medical, Dental and Vision Benefits
• 100% Company Paid Life, AD&D Insurance, Short and Long Term Disability

Key Responsibilities and Accountabilities

Daily Activities:

• Manage multiple factoring and ABL client relationships ranging in size from start-ups and small ticket entities to larger accounts.
• Interact with clients in a friendly and professional manner regarding daily funding requirements or other needs.  
• Maintain transparent communication and sound customer service levels both internally and externally.  Ensure team approach internally.
• Work with Client Account Representatives and Operations Support on processing funding requests and reviewing backup documentation for fundings.
• Review and approve client funding requests, including managing reserves.
• Analyze collateral (accounts receivable performance, aging distribution, dilution, turnover, debtor composition and concentrations).
• Manage Allied exposure including risk assessment based on collateral and financial performance, aging invoices, etc.
• Review notification letters for client accounts, including ensuring monies sent by customers (debtors) is directed to Allied or Allied lockbox/bank account.
• Ensure notification protocols are upheld and that all debtors have been notified properly.

Monthly Activities:

• Ensure receipt, review and reporting of client compliance items, i.e., financials, payables, payroll taxes, etc.
• Review financials on largest accounts and monitor and discuss trends.
• Review trend performance on assigned portfolio.
• Oversee month end charges and fee statements and out of pocket expenses on all accounts at Allied to ensure properly charged and reported.
• Interact with field examination parties, as applicable.

Supervision of Personnel:

• None

Working Conditions:

• Typical office environment.  Minimal physical effort required, normally seated with freedom of movement on a regular basis.  The incumbent will be expected to be able to work Monday through Friday and work will mainly be performed at the assigned location; occasional evening and weekend work may be required.  Flexibility with work location and hours may be granted if circumstances permit.

Travel:

• Up to 15% travel to client locations

Credit Authority:

• Client Funding and Overadvance approval authority will vary with experience. 

Monthly Activities:

• Ensure receipt of and review client compliance items.
• Pull and save reports for audits or annual reviews or other committee presentations, as needed.
• Review financial and collateral trend performance on assigned portfolio.
• Interact with field examination or third parties, and schedule audits as needed

Secondary or Backup Responsibilities (as needed):

• Provide backup support for AEs, CARs, Legal and Operations, as needed.
• Prepare welcome packages for new clients
• Help with new client fundings for the first funding including client set up and debtor uploads
• Identify and work through potential mini-core operating system errors, issues, or enhancements.
• Identify methods of improvement in operations, i.e., fundings, debtor credit, collections, etc.
• Set up repetitive wires for clients and wire funds

Qualifications Summary:

Education:

• Bachelor’s degree in Business or equivalent work experience

Experience:

• Portfolio Manager - Three to Five years of factoring, asset based lending or commercial & industrial banking experience.
• Senior Portfolio Manager - Five or more years of factoring, asset based lending or commercial & industrial banking experience.
• Proficient with Microsoft Excel, Outlook, and Word, Proficiency in factoring and/or AB software is a plus.

Knowledge & Skills (Items below are examples):

• Exceptional multi-tasking capabilities
• Strong sense of urgency and thoroughness
• Positive attitude and chemistry in working with others
• Ability to clearly communicate action items in a tactful manner
• Demonstrate a readiness to assist

Other Duties - Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.

The approximate base salary range for this position is $85,000-$105,000, commensurate with experience.

(Reasonable accommodations may be made to enable individuals with disabilities to perform these tasks. If you need an accommodation, please contact us at hr@axiombanking.com)

Axiom Bank does not discriminate in employment opportunities or practices on the basis of any protected status. It is the policy of Axiom Bank to conduct background, credit reference and drug screening tests as a condition of employment. Drug Free Workplace. EOE/AA/Minority, Female, Disabled, Veteran

Axiom Bank is not seeking assistance or accepting unsolicited resumes from search firms for employment or contractor opportunities. Any resumes submitted without a valid contract will be considered the sole property of Axiom Bank and no fee will be paid.