Commercial Portfolio Manager (Hybrid position within the Twin Cities, MN Metro area)

POSITION SUMMARY

Responsible for managing an assigned credit portfolio of existing commercial relationships for Magnifi Financial. Partners with assigned Commercial Banking Officer(s) to assist managing specific commercial relationships.

Responsible for the ongoing relationship management of existing members to retain and expand those relationships and handle their requests.

Collects and evaluates information from assigned relationships and provides recommendations. Provides member service, participates in joint calls with Commercial Banking Officers, and identifies member needs to make recommendations.

Travel required between branches and to member locations, primarily in the Twin Cities, MN metro area.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Contributes to the overall commercial production, portfolio performance, and reputation of Magnifi Financial while striving to meet or exceed individual goals.
• Oversees member requests while maintaining excellent communication between internal staff and borrowers as applicable.

o Interviews existing and prospective members applying for loans, deposit accounts, and other commercial services. Makes decisions within authority and provides recommendations and referrals when appropriate.

o Reviews financial information with borrowers (concerns, strengths, weaknesses).

o Works with the credit function to complete credit presentations, financial analysis, and risk ratings on existing and prospective loans.

o Responsible for preparation of commitment letters and adverse action documentation.

o Performs loan closings with borrowers, ensuring all paperwork is properly completed and complies with legal regulations and the policies of Magnifi Financial.

o Assists the credit and collections departments with collections / negotiations on problem member commercial loans.

• Manages pipeline of assigned portfolio to ensure all requests are completed timely and to ensure the member needs are met.
• Accountable for and manages assigned portfolio by monitoring performance and trends.
• Serves as a member and internal point of contact in managing assigned portfolio. Serves as a source of underwriting knowledge and expertise, which includes understanding of current industry and market trends.
• Keeps abreast of the commercial lending rules and regulations as well as the loan policies of Magnifi Financial.
• Reviews overdraft and delinquency trends and provides feedback to commercial management.
• Understands and remains knowledgeable on the products and services offered by Magnifi Financial, including, but not limited to, deposit products, cash management services and other loan products.
• Uses the sales process to identify and recommend Magnifi Financial products and services to members based on financial need, as appropriate.

Makes referrals to appropriate departments.

• Collaborates with Commercial Banking Officers on more complex loans.
• Assists in marketing efforts (such as outbound call lists) as necessary.
• Actively participates in community relations efforts to contribute to the mission and visibility of Magnifi Financial. Ensures positive relationships with members, community leaders and businesses.

EDUCATION AND EXPERIENCE

Bachelor's degree in Business, Sales, or Finance; or an Associate's degree in a Business or Finance related field plus two years lending or credit experience in a financial institution;

or equivalent knowledge and skills gained through a minimum of three years related lending or credit experience.

• Previous commercial relationship management experience is preferred
• Previous lending experience is preferred

The Benefits

We are committed to investing in our team! Magnifi Financial offers benefits that help everyone achieve their full potential.

Full-time employees are eligible for the following benefits (benefits with an asterisk are also available to eligible part-time positions) :

• Opportunities for Training and Development *
• Leadership Development *
• Job Level Advancement (ability to move up in your position through training and development) *
• Tuition Reimbursement *
• 32 Hours Volunteer Paid Time Off *
• Paid Time Off - Begins accruing upon date of hire for a total of 4 weeks per year for FT; prorated for PT *
• Medical
• Dental
• Vision
• Employer paid Life Insurance / AD&D
• Employer paid Disability Insurance
• Retirement Plan - Employer match up to 4%, eligible for annual profit sharing *
• Paid Parental Leave
• Bonus / Incentive Program
• Employee Engagement / Health and Wellness Programs *

Who We Are :

At Magnifi Financial, we offer a collaborative, friendly environment where we support our employee's growth and development, and create a positive work atmosphere.

Magnifi Financial has received the special recognition of being named a Top 200 Workplace, voted on by our employees, for the 9th year in a row.

As a member-owned organization, we are focused on making dreams come true for our members. Our vision is enhancing the lives of members and community through strength, service and growth.

Magnifi Financial has grown to more than 90,000 members, over $2 billion in assets, over 400 employees, and over 25 branch locations throughout Minnesota.

But what hasn't changed is our focus on the members and communities we serve.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)