PORTFOLIO MANAGER II - Middle Market
WHAT IS THE OPPORTUNITY
The Portfolio Manager is part of the credit management team focused on the long-term risk-adjusted returns for the bank within the assigned business segment and/or geographic areas. This individual manages a sub-set of existing credits and is a key partner in the origination of new credits.
Primary responsibilities include:
• Provide comprehensive credit recommendations and presentations to key risk partners related to prospects and existing clients of the bank, including moderate to complex new credit structures, modifications, and extensions based on a comprehensive review of the borrowers and guarantors financials, which may include current and historical financial statements, tax returns, projections, and/or cash flow proformas.
• Present credit recommendations within the banks risk appetite and framework and follow the banks policies, processes, and procedures.
• Be responsive to their clients credit needs with an elevated level of client service and credit acumen to address their needs appropriately and timely.
• Responsible for the ongoing oversight and management of its portfolio, including timely risk rating assessments, reporting, covenants, covenant compliance, and the preparation of quarterly and annual reports.
WHAT WILL YOU DO
Serve middle market clients - typically privately held companies with annual revenues ranging from $50 million to $1 billion - across a wide range of industries and geographies.
• Provide customized credit and banking solutions to support working capital, capital expenditures, growth, acquisitions, and other strategic business needs.
Teamwork, Mentors junior colleagues, fosters a culture of continuous improvement and professional growth.
Portfolio Management: Owns and manages an assigned credit portfolio ensuring alignment with organizational goals and risk management practices, including underwriting all types of credit exposures, managing credit risk, and responding to prospective client inquiries.
Credit Analysis: Analyzes credit data and performs underwriting to assess creditworthiness and recommend appropriate structures to the Sales team and client. Prepare underwriting memorandums and approval documents for presentation to Credit Risk.
Performance Monitoring: Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
Data Analysis: Analyzes credit data to support underwriting and creditworthiness assessments, including developing and presenting individual credit recommendations.
Risk Management Practices: Effective risk management, maintaining high standards of credit quality and origination in alignment with the banks credit risk appetite and compliance with institutional and regulatory requirements.
Collaboration: Partners with Relationship Managers to successfully manage credit account relationships. Work closely with cross-functional teams to ensure cohesive and effective credit operations to achieve the banks strategic initiatives.
Participate in ad-hoc projects to support the organizations priorities.
Client Service: Provides exceptional client service by maintaining professionalism and effectively interacting with clients to understand their needs and provide tailored credit solutions. Participate in joint sales pitches with Relationship Managers.
WHAT DO YOU NEED TO SUCCEED
Required Qualifications:
• Bachelors Degree or equivalent in Finance, Business, or related field • Minimum 5 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
Additional Qualifications:
• Intermediate experience in credit management and lending operations with a strong understanding of risk management principles • Desire to build leadership and coaching skills with the ability to train and develop talent • Strong communication and collaboration skills with the ability to work effectively with senior leadership and cross-functional teams • Intermediate analytical skills with the ability to interpret complex data and make informed decisions • Industry-specific knowledge and expertise
WHATS IN IT FOR YOU
Compensation: Starting base salary $48.66 - $82.86 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
Benefits and Perks:
• Comprehensive healthcare coverage, including Medical, Dental, and Vision plans, available the first of the month following start date • Generous 401k company matching contribution • Career Development through Tuition Reimbursement and other internal upskilling and training resources • Valued Time Away benefits, including vacation, sick, and volunteer time • Specialized health and family planning benefits, including fertility benefits and cancer, diabetes, and musculoskeletal support programs • Career Mobility support from a dedicated recruitment team • Colleague Resource Groups to support networking and community engagement
ABOUT US
Since day one, weve always gone further than the competition to help our clients, colleagues, and communities flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs, and that legacy of integrity, community, and unparalleled client relationships continues today. City National is a subsidiary of Royal Bank of Canada, one of North Americas leading diversified financial services companies. To learn more about City National and our dynamic company culture, visit us at About Us.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status, or other basis protected by law.
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis until filled.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.