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Job description
Portfolio ManagerWe are seeking a driven and customer-focused Portfolio Manager to join our Lending team. Reporting to the Portfolio Manager Team Lead, the Portfolio Manager partners with banking teams to manage, maintain, and further develop loan and deposit relationships of clients while balancing appropriate risk and reward to the bank. This individual will have a specialized focus in Construction and Land Development.Responsibilities:Assist Bankers with the loan origination process:Attend client meetings and property visits for prospective clientsComplete initial underwriting for Banker reviewPrepare pre-flight presentations for approvalDraft loan proposals for client reviewCollect financial statements and documentation needed for underwritingRequest credit presentations from the Analyst GroupAct as the primary contact for questions during underwritingEnsure loan structure and reporting requirements adhere to the Bank's Credit PolicyReview final presentations prior to submission for approvalEnsure any change-memos needed prior to closing are completedAssist Bankers in the ongoing management of the team's loan portfolio:Respond to client inquiries and keep bankers apprised of client activityAttend client meetings and complete site inspectionsCollect financial information for loan renewals, covenant testing and annual reviewsComplete covenant waiver proposals for Loan CommitteePrepare repricing comments for Loan CommitteeAssist bankers with monitoring of past due loans and real estate taxesWork with bank management on special projects related to monitoring and managing of portfolio riskAttend networking functions and various industry eventsDevelop an expertise in the loan closing process to include knowledge of all proper loan documentation and borrower entity documents as well as due diligence items such as title insurance, appraisals, environmental reports, and other items necessary to properly fund a loanGain the understanding of how to structure, negotiate, and price new loans and renewals to maximize bank profitabilityObtain knowledge of various loan and deposit programs and bank productsMaintain knowledge of all supporting software, compliance, policies and procedures as they relate to the loan departmentAdheres to the bank's policies, procedures, security requirements and government regulations including (but not limited to) BSAQualifications:Bachelor's degree in finance, economics, business or related field3+ years related banking experienceSuperior analytical/reasoning skillsProficiency in Microsoft Word, Excel, PowerPoint and OutlookExcellent written, verbal, and interpersonal communication skillsAbility to think critically, solve problems, make decisions and build trust across the organizationAbout Bridgewater Bank:Picture yourself at one of the Twin Cities' best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.We're on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that's why we've created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us?Compensation & Benefits:The typical annual base pay range for this role is between $94,500- $114,350. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):Healthcare (medical, dental, vision)Basic term and optional term life insuranceShort-term and long-term disabilityParental leave401(k) with employer matchPaid vacation & paid holidaysPlease Note:The above is intended to describe the general content of and requirements for this position. It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank's policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.Status: ExemptEqual Opportunity Employer This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.
Worksite address
excelsior, MN, 55331, US
Who can apply
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