Location: Onsite at location listed
Summary
Provides analytical and monitoring support for large commercial real estate loans including an independent analysis of the creditworthiness of customers and prospects.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The Portfolio Manager will be responsible for preparing comprehensive credit analyses on non-owner occupied commercial real estate loans that facilitate the credit approval process. The Portfolio Manager should have a thorough understanding of various types of lending facilities as well as commercial real estate product types (i.e. retail, office, multi-family, lodging, industrial, ALF/ senior living, etc.). In addition, the Portfolio Manager will be responsible for monitoring the real estate portfolio including, but not limited to, periodic review and analysis of financial information, identification of negative trends, and preparation of covenant checks in support of the commercial lending function.
Market/ Investor CRE Underwriting Manager to provide production goals based upon needed level of supervision and complexity of deal flow.
ROLES AND RESPONSIBILITIES - COMMERCIAL LOAN ORIGINATION PROCESSES
Provide an analysis of real estate projects and spread financial statements as provided by Commercial Relationship Manager
Prepare Loss Given Default and Probability of Default models for new and renewal opportunities
Provide supporting documentation and participate in Deal Team meetings between Relationship Manager, Market Approvers and Credit Approvers
Maintain responsibility for completion of the Credit Approval Package via the Commercial Credit Memo in nCinco and accompanying Credit Memo Narrative (as applicable) once engaged by Relationship Manager, and after receipt of Opportunity Memo explaining the request. Key items:
Ensure deal structure and analysis is reflective of customer accepted term sheet and Deal Team meeting conclusions
Work directly with the Relationship Manager to ensure accurate reflection of financials
Work directly with the Relationship Manager to ensure accurate preparation of Loss Given Default and Probability of Default models at time of new/renewal requests
Review and analyze appraisals and/or market data relative to the request. Follow the Appraisal Reconciliation procedures for loans approved subject to receipt and review of the appraisal.
Ensure coding is accurate
Ensure recognition of Policy Exceptions including mitigants
Include an approval recommendation with supporting commentary
Ensure Credit Packages are submitted for approval in accordance with the appropriate lending matrix authority
After approval, finalize Loss Given Default and Probability of Default models
Upload final approved Credit Package and other supporting documentation used in underwriting into nCino
Attend client meetings with the Relationship Manager (when possible)
Market/ Investor CRE Portfolio Managers are to adhere to Service Level Agreements as outlined in Workflow Procedures.
ROLES AND RESPONSIBILITIES - PORTFOLIO MANAGEMENT
ROLES AND RESPONSIBILITIES - OTHER
All other duties as assigned
SUPERVISORY RESPONSIBILITIES
None
QUALIFICATIONS
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION AND/OR EXPERIENCE
Bachelors degree (B. A.) from four-year college or university; 2-3 years related experience and/or training preferred (job grade (I-IV) will be determined based on years/ level of experience); Prior experience underwriting Commercial Real Estate loans is preferred.
LANGUAGE SKILLS
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations. Ability to write reports, business correspondence, and procedure manuals. Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
MATHEMATICAL SKILLS
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
REASONING ABILITY
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists. Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form.
COMPUTER AND OFFICE EQUIPMENT SKILLS
Microsoft Office Suite (including MS Excel and MS Word), facsimile machine, Copier, Scanner, Hewlett Packard 12 C Calculator (or equivalent), Financial Spreading Software.
CERTIFICATES, LICENSES, REGISTRATIONS
None
About Us
First Horizon Corporation is a leading regional financial services company, dedicated to helping our clients, communities and associates unlock their full potential with capital and counsel. Headquartered in Memphis, TN, the banking subsidiary First Horizon Bank operates in 12 states across the southern U.S. The Company and its subsidiaries offer commercial, private banking, consumer, small business, wealth and trust management, retail brokerage, capital markets, fixed income, and mortgage banking services. First Horizon has been recognized as one of the nations best employers by Fortune and Forbes magazines and a Top 10 Most Reputable U.S. Bank. More information is available at www.FirstHorizon.com.
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