Seattle Bank
Overview
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Portfolio Manager
role at
Seattle Bank . Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our tech stack enables partner banking that embeds banking transactions into customer online experiences. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit. Position Summary Seattle Bank is seeking an experienced professional to fill the role of Portfolio Manager. This position analyzes and underwrites moderate to complex loan applications and manages the loan portfolio. It requires strong credit skills to structure loans with high complexity while balancing sales goals with strategic risk management to ensure risk is mitigated. The Portfolio Manager continually monitors the loan portfolio to ensure credit files are complete and well-maintained, and notifies the Credit Administrator and Chief Credit Officer of potential adverse information and trends. This position is located in our downtown Seattle office and requires full-time, in-person work. Essential Duties Gather and analyze credit information on current and potential borrowers, including preparation of financial statement spreads for borrowers and guarantors; prepare written summaries and financial trend, cash flow, and collateral analyses. Underwrite moderate to complex commercial, small business, and C&I credit requests and recommend appropriate loan structures by assessing the client’s financial condition and identifying key credit risks and mitigating factors. Track changes and update credit approvals as the package is vetted by the Credit Administrator, Chief Banking Officer, Chief Credit Officer, and Loan Committee. Ensure compliance with Seattle Bank’s credit policy and procedures and identify policy exceptions. Collaboratively prepare credit approval presentations with Relationship Managers. Research economic environment, business and industry cycles, management, and operation assessment to understand non-financial risks. Work with Credit Administrator and Relationship Managers to organize and manage a portfolio monitoring system on all loan relationships. Review and analyze third-party reports such as appraisals, environmental reports, and credit bureau reports. Monitor periodic loan/financial covenants to determine compliance, notifying appropriate parties for non-compliance. Contact borrowers to obtain updated financial information to ensure quality of documentation within files. Assist in the preparation of problem loan reports and loan workouts as appropriate. Assist with special projects including management reports. Mentor Credit Analysts by providing opportunities for assistance and training. Physically attending work on a set and predictable schedule is an essential function of this job. Requirements Due to the collaborative nature of this position, it requires daily in-person work. After a 90-day training period, one day of work from home per week is allowed. No exceptions will be granted. Bachelor’s Degree and three or more years of experience as a Portfolio Manager or related credit experience. Formal bank credit training program preferred or certification in RMA or Omega. Experience underwriting new commercial real estate and/or lines of credit loans with minimal oversight. Broad knowledge of credit principles and commercial lending best practices. Experience and training in financial statement and tax return analysis from education and coursework in accounting, financial, and credit analysis. Proficiency with financial spreading software (e.g., CreditQuest, Moody’s Risk Analyst, Buker’s Tax Analysis) and basic accounting principles. Proficiency with Microsoft Office; advanced Excel skills are a plus. Very strong verbal and written communications skills and ability to communicate well with Relationship Managers, clients, and Bank management. Excellent organizational and time management skills. Ability to work with minimal supervision. Benefits We’re committed to delivering peace of mind to clients and fostering a collaborative, inclusive and supportive workplace. Our comprehensive benefits program for eligible employees includes: Medical/Vision, and Dental insurance Life Insurance, Long Term Disability, Voluntary Life 401K with Bank contribution, Stock Award, and Incentive Opportunity Paid Time Off: Vacation – 3 Weeks; Sick Time – 1 hour per 40 hours worked; Holidays – 10 days Transportation and fitness benefits Other perks such as company social events, paid volunteer hours, quarterly incentive awards, and professional development opportunities Job Details Salary: $90,000 - $120,000 per year Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Industries: Banking Referrals increase your chances of interviewing at Seattle Bank. Get notified about new Portfolio Manager jobs in Seattle, WA.
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Join to apply for the
Portfolio Manager
role at
Seattle Bank . Seattle Bank is a locally owned, digitally driven financial institution that provides personal, business and partner banking services. Our experienced team and open API, cloud-based core technology platform, deliver a boutique bank experience for clients with interwoven personal and business financial needs. Our tech stack enables partner banking that embeds banking transactions into customer online experiences. Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc., a privately held bank holding company, and the creator of CD Valet, a digital marketplace for Certificates of Deposit. Position Summary Seattle Bank is seeking an experienced professional to fill the role of Portfolio Manager. This position analyzes and underwrites moderate to complex loan applications and manages the loan portfolio. It requires strong credit skills to structure loans with high complexity while balancing sales goals with strategic risk management to ensure risk is mitigated. The Portfolio Manager continually monitors the loan portfolio to ensure credit files are complete and well-maintained, and notifies the Credit Administrator and Chief Credit Officer of potential adverse information and trends. This position is located in our downtown Seattle office and requires full-time, in-person work. Essential Duties Gather and analyze credit information on current and potential borrowers, including preparation of financial statement spreads for borrowers and guarantors; prepare written summaries and financial trend, cash flow, and collateral analyses. Underwrite moderate to complex commercial, small business, and C&I credit requests and recommend appropriate loan structures by assessing the client’s financial condition and identifying key credit risks and mitigating factors. Track changes and update credit approvals as the package is vetted by the Credit Administrator, Chief Banking Officer, Chief Credit Officer, and Loan Committee. Ensure compliance with Seattle Bank’s credit policy and procedures and identify policy exceptions. Collaboratively prepare credit approval presentations with Relationship Managers. Research economic environment, business and industry cycles, management, and operation assessment to understand non-financial risks. Work with Credit Administrator and Relationship Managers to organize and manage a portfolio monitoring system on all loan relationships. Review and analyze third-party reports such as appraisals, environmental reports, and credit bureau reports. Monitor periodic loan/financial covenants to determine compliance, notifying appropriate parties for non-compliance. Contact borrowers to obtain updated financial information to ensure quality of documentation within files. Assist in the preparation of problem loan reports and loan workouts as appropriate. Assist with special projects including management reports. Mentor Credit Analysts by providing opportunities for assistance and training. Physically attending work on a set and predictable schedule is an essential function of this job. Requirements Due to the collaborative nature of this position, it requires daily in-person work. After a 90-day training period, one day of work from home per week is allowed. No exceptions will be granted. Bachelor’s Degree and three or more years of experience as a Portfolio Manager or related credit experience. Formal bank credit training program preferred or certification in RMA or Omega. Experience underwriting new commercial real estate and/or lines of credit loans with minimal oversight. Broad knowledge of credit principles and commercial lending best practices. Experience and training in financial statement and tax return analysis from education and coursework in accounting, financial, and credit analysis. Proficiency with financial spreading software (e.g., CreditQuest, Moody’s Risk Analyst, Buker’s Tax Analysis) and basic accounting principles. Proficiency with Microsoft Office; advanced Excel skills are a plus. Very strong verbal and written communications skills and ability to communicate well with Relationship Managers, clients, and Bank management. Excellent organizational and time management skills. Ability to work with minimal supervision. Benefits We’re committed to delivering peace of mind to clients and fostering a collaborative, inclusive and supportive workplace. Our comprehensive benefits program for eligible employees includes: Medical/Vision, and Dental insurance Life Insurance, Long Term Disability, Voluntary Life 401K with Bank contribution, Stock Award, and Incentive Opportunity Paid Time Off: Vacation – 3 Weeks; Sick Time – 1 hour per 40 hours worked; Holidays – 10 days Transportation and fitness benefits Other perks such as company social events, paid volunteer hours, quarterly incentive awards, and professional development opportunities Job Details Salary: $90,000 - $120,000 per year Seniority level: Mid-Senior level Employment type: Full-time Job function: Finance and Sales Industries: Banking Referrals increase your chances of interviewing at Seattle Bank. Get notified about new Portfolio Manager jobs in Seattle, WA.
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