Position Summary
The Life Equity Loan Portfolio Manager provides a positive customer experience through managing the client relationship from the point of initial application and throughout their relationship with the bank.
Maintain a compliant and clean book of business in partnership with the credit and loan coordination teams. The Portfolio Manager supports the bank's relationship management efforts through preliminary financial analyses needed to make credit decisions, contributes and provides input to the loan decision process based on evaluation of key factors.
The Portfolio Manager will report to the Life Equity Loan Portfolio Manager Team Lead.
Duties & Responsibilities
The Portfolio Manager will be familiar with the relationships / borrowers in their loan portfolio, proactively managing the assigned portfolio to ensure adherence to credit policy, including completing various required actions, such as;
Perform preliminary financial analysis, address industry risks, collateral requirements, loan structuring and pricing,
- Interact with customers independently to address routine and non-routine client servicing matters in addition to risk-related items including but not limited to ACH Payment and Advance Requests, Wire Transfer requests and modification of Auto Payment Information
- Collect initial LEL Application and collateral values, perform initial underwriting and make an initial recommendation on creditworthiness
- Collect policy values and applications (when necessary) for review, increase and renewal of existing loans in the Life Equity loan Portfolio
- Identify and make referrals to other business lines and departments
- Collaborates and communicates with internal / external clients regarding both sensitive and routine matters
- External networking and community involvement
Education & Experience
- Knowledge of :
- Strong understanding of credit fundamentals, loan structuring and monitoring, bank policy, and compliance
- Needs based sales and customer service skills
- Strong oral and written communication skills
- Requires knowledge of Microsoft Office
- Ability to :
- Gather pertinent information and make recommendations for considering new opportunities
- Stay abreast of industry, market trends and information
- Analyze and interpret numerical data
- Perform duties with frequent interruptions and time pressures in highly interruptive conditions
- Education and Training :
- Requires a 4-year college degree with an emphasis in Accounting or Finance.
- Requires 2 or more years of banking, finance or sales related experience.
Busey values a diverse and inclusive workplace and strives to recruit, develop and retain individuals with exceptional talent.
A team with diverse talent, working together, is essential to Busey's commitment of delivering service excellence. Busey is an Equal Opportunity Employer including Disability / Vets.
Visit Busey.com / Careers to learn more about Busey's Equal Opportunity Employment.
Life Equity Loan Portfolio Manager
The Portfolio Manager will report to the Life Equity Loan Portfolio Manager Team Lead. The Portfolio Manager will be familiar with the relationships/borrowers in their loan portfolio, proactively managing the assigned portfolio to ensure adherence to credit policy, including completing various requi...
Life Equity Loan Portfolio Manager
The Portfolio Manager will report to the Life Equity Loan Portfolio Manager Team Lead. The Portfolio Manager will be familiar with the relationships/borrowers in their loan portfolio, proactively managing the assigned portfolio to ensure adherence to credit policy, including completing various requi...
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