- Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field
Special Assets Portfolio Officer
Essential Functions and Purpose
The Portfolio Officer is responsible for the ongoing monitoring, servicing, and risk management of an assigned portfolio of SBA loans. This position ensures compliance with SBA requirements, internal credit policies, and sound banking practices through the completion of annual reviews, servicing actions, and risk assessment activities. The Portfolio Officer serves as the primary point of contact for portfolio management matters and works closely with borrowers, relationship managers, credit personnel, and special assets staff to identify and mitigate portfolio risk.
Principal Responsibilities
Annual Reviews
Conduct comprehensive annual reviews of assigned SBA loan relationships.
Analyze borrower financial statements, tax returns, interim financial information, and other relevant documentation.
Evaluate borrower performance, repayment capacity, collateral adequacy, guarantor support, and covenant compliance.
Assess industry, market, and operational risks impacting borrowers.
Prepare written credit reviews and recommendations regarding risk ratings, loan structure, and ongoing credit administration requirements.
Ensure annual reviews are completed accurately and within established timeframes.
Servicing Actions
Review and process routine and complex loan servicing requests in accordance with SBA SOP requirements and internal policies.
Analyze borrower requests for modifications, deferments, assumptions, collateral releases, lien subordinations, changes in ownership, and other servicing actions.
Prepare servicing memoranda and obtain required approvals.
Coordinate with legal counsel, loan operations, and other stakeholders as needed to complete approved servicing actions.
Ensure all servicing actions are properly documented and compliant with SBA program requirements.
Risk Monitoring and Downgrade Recommendations
Monitor portfolio performance and identify emerging credit concerns.
Review delinquency reports, covenant compliance, financial reporting requirements, and other risk indicators.
Conduct detailed analysis of deteriorating credits and prepare downgrade memoranda when warranted.
Recommend risk rating changes based on borrower performance, repayment trends, collateral position, and overall credit quality.
Manage adversely rated credits through the downgrade process until a loan is assigned a Substandard risk rating.
Coordinate the transfer of Substandard loans and related documentation to the Special Assets Department.
Assist in developing action plans and risk mitigation strategies for criticized and classified assets prior to transfer.
Additional Responsibilities
Maintain accurate loan files and portfolio records.
Ensure compliance with SBA regulations, bank policies, and regulatory requirements.
Respond to internal and external audit inquiries related to portfolio management activities.
Participate in portfolio reviews, regulatory examinations, and risk management initiatives.
Support special projects and other duties as assigned.
Required Qualifications
Education
Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field preferred.
Experience
Minimum 3-5 years of commercial banking, SBA lending, credit underwriting, portfolio management, or loan servicing experience.
Strong knowledge of SBA lending programs, SBA Standard Operating Procedures (SOP), and commercial credit analysis.
Experience preparing credit memoranda, annual reviews, and loan servicing packages preferred.
Knowledge, Skills, and Abilities
Strong analytical and financial statement analysis skills.
Ability to identify and evaluate credit risk.
Knowledge of loan documentation, collateral analysis, and SBA compliance requirements.
Excellent written and verbal communication skills.
Strong organizational skills with the ability to manage multiple priorities and deadlines.
Proficiency with loan management systems and Microsoft Office applications.
Ability to work independently while collaborating effectively with cross-functional teams.
Success Measures
Timely completion of annual reviews.
Accuracy and quality of servicing action analyses and recommendations.
Effective monitoring and identification of credit risk within the assigned portfolio.
Timely preparation of downgrade memoranda and transfer of Substandard loans to Special Assets.
Consistent adherence to SBA requirements, regulatory standards, and internal policies.
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