Lead Portfolio Manager, Financial Institutions
Wells Fargo
full-time
Posted on:
Location Type: Office
Location: Charlotte • Minnesota • New York • United States
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Salary
💰 $225,000 per year
Job Level
About the role
- Manage and oversee credit assessments, credit quality monitoring, and underwriting risk exposures for a diverse portfolio of insurance companies.
- Vice President Portfolio Managers independently manage and oversee credit actions for an assigned portfolio of clients and support Managing Director and Executive Director Portfolio Managers on executing and supporting lead credit roles, and/or complex multiple touchpoint relationships to include new credit transactions as well as refinancings, and amendments
- Conduct underwriting and risk assessments for counterparties with risk exposures connected with treasury management services and market products
- Perform detailed credit reviews, financial statement analysis, industry analysis, and projection modeling to ensure accurate risk assessments, timely monitoring of performance trends, validating the appropriateness of risk ratings, monitoring covenant compliance, as well as adherence to policy and regulatory requirements to include those connected with leveraged credit extensions
- Lead the review and negotiation of legal documentation in partnership with internal and external counsel
- Direct, coordinate, and collaborate with colleagues in the execution of loan closings and bookings, ensuring adherence to documentation terms, post-closing credit monitoring, and active assessments of compliance requirements
- Contribute to and lead credit focused projects, partnering with Portfolio Managers, Corporate Banker Relationship Management, Analysts, and Associates
- Engage with internal and external auditors and examiners and assist with internal and external exam processes
- Prepare and present updates on loan portfolio and insurance subsector trends to senior leadership, Risk Management, and client coverage partners
- Partner with Corporate Banking Relationship Management, Investment Banking Insurance Coverage, Debt Capital Markets colleagues, Independent Risk Management, and other product partners to support the full spectrum of client coverage needs related to credit risk products
- Lead and contribute to due diligence meetings with client contacts in support of the delivery of new products or services or expanding existing business with clients
- Train and mentor Financial Institutions Associates and Analysts
- Accountable for adherence to Wells Fargo credit policies and procedures. Reviews and interprets credit policies and procedures and incorporates requirements into credit analysis, risk assessments, and risk rating recommendations
Requirements
- 5+ years of Experience in CIB Portfolio Management, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Portfolio Management experience with large corporate clientele
- Experience in corporate banking portfolio management and underwriting
- Experience with credit managing Insurance, Insurance Services, Depository Institutions, and/or Financial Institution sectors/subsectors
- Experience with supporting lead credit role relationships, acquisition financing, and/or leveraged lending financings
- Experience negotiating credit agreements and legal documentation for market products
- Experience with serving as a peer mentor while training and developing less tenured colleagues
- History of exercising sound judgment and making timely decisions in a fast-paced and results-driven environment
- Effective communication and presentation skills
- Strong credit and technical skills and accounting knowledge
- Experience in building partnerships, collaborating across lines of business, and effectively communicating at all levels of an organization
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
credit assessmentsunderwritingfinancial statement analysisindustry analysisprojection modelingrisk assessmentscovenant compliancecredit agreements negotiationcredit policies interpretationcredit risk products
Soft Skills
effective communicationpresentation skillsmentoringcollaborationsound judgmentdecision makingleadershiptrainingrelationship managementproject management