City National Bank
Portfolio Manager II - Middle Market, Food and Beverage
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 area(s). This individual manages a subset of existing credits and is a key partner in the origination of new credits.
Primary responsibilities include: providing comprehensive credit recommendations and presentations to key risk partners related to prospects and existing clients of the bank—moderate to complex new credit structures, modifications, and extensions—based on a comprehensive review of borrowers and guarantors’ financials. The Portfolio Manager is expected to present credit recommendations within the bank’s risk appetite and framework, and to follow the bank’s policies, processes and procedures.
Additional responsibilities include the ongoing oversight and management of the portfolio—timely risk rating assessments, reporting covenants, covenant compliance, and preparation of quarterly and annual reports.
Key Responsibilities
Underwrite and manage cash‑flow and asset‑based loans ≥$25.0 million for the national Food & Beverage platform across sponsor and strategic channels. Target borrowers: private/public, EBITDA >$10.0 million, Revenue >$100.0 million. Structures include revolvers, term loans, delayed draw term loans, and CAPEX lines.
Lead or support due diligence efforts as Agent or Participant for borrowers across the F&B value chain, performing financial statement analysis, dynamic 3‑statement modeling, credit memorandum preparation, legal documentation and loan closing.
Manage a portfolio of borrowers across multiple F&B subsectors, performing monthly/quarterly and annual reviews covering financial performance, risk ratings, capacity to repay, covenants, and evaluating credit requests.
Mentor junior colleagues, foster continuous improvement, and manage an assigned credit portfolio aligning with organizational goals and risk management practices.
Analyze credit data, conduct underwriting to assess creditworthiness, and recommend appropriate structures to the Sales team and client.
Practice effective risk management, maintaining high standards of credit quality and compliance with institutional and regulatory requirements.
Partner with Relationship Manager(s) and cross‑functional teams to manage credit account relationships and support the bank’s strategic initiatives.
Provide exceptional client service, maintaining professionalism and interacting with clients to understand their needs and deliver tailored credit solutions.
Required Qualifications
Bachelor’s Degree in Finance, Business, or related field.
Minimum 5 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries.
Preferred Qualifications
Intermediate experience in credit management and lending operations, with a strong understanding of risk management principles.
Desire to build leadership and coaching skills.
Strong communication and collaboration skills, ability to work with senior leadership and cross‑functional teams.
Intermediate analytical skills, ability to interpret complex data and make informed decisions.
Industry‑specific knowledge and expertise.
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 (Medical, Dental and Vision), effective the first of the month following start date.
Generous 401(k) company matching contribution.
Career Development through Tuition Reimbursement and other internal up‑skilling 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 we’ve 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 the Royal Bank of Canada, one of North America’s leading diversified financial services companies.
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.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
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Primary responsibilities include: providing comprehensive credit recommendations and presentations to key risk partners related to prospects and existing clients of the bank—moderate to complex new credit structures, modifications, and extensions—based on a comprehensive review of borrowers and guarantors’ financials. The Portfolio Manager is expected to present credit recommendations within the bank’s risk appetite and framework, and to follow the bank’s policies, processes and procedures.
Additional responsibilities include the ongoing oversight and management of the portfolio—timely risk rating assessments, reporting covenants, covenant compliance, and preparation of quarterly and annual reports.
Key Responsibilities
Underwrite and manage cash‑flow and asset‑based loans ≥$25.0 million for the national Food & Beverage platform across sponsor and strategic channels. Target borrowers: private/public, EBITDA >$10.0 million, Revenue >$100.0 million. Structures include revolvers, term loans, delayed draw term loans, and CAPEX lines.
Lead or support due diligence efforts as Agent or Participant for borrowers across the F&B value chain, performing financial statement analysis, dynamic 3‑statement modeling, credit memorandum preparation, legal documentation and loan closing.
Manage a portfolio of borrowers across multiple F&B subsectors, performing monthly/quarterly and annual reviews covering financial performance, risk ratings, capacity to repay, covenants, and evaluating credit requests.
Mentor junior colleagues, foster continuous improvement, and manage an assigned credit portfolio aligning with organizational goals and risk management practices.
Analyze credit data, conduct underwriting to assess creditworthiness, and recommend appropriate structures to the Sales team and client.
Practice effective risk management, maintaining high standards of credit quality and compliance with institutional and regulatory requirements.
Partner with Relationship Manager(s) and cross‑functional teams to manage credit account relationships and support the bank’s strategic initiatives.
Provide exceptional client service, maintaining professionalism and interacting with clients to understand their needs and deliver tailored credit solutions.
Required Qualifications
Bachelor’s Degree in Finance, Business, or related field.
Minimum 5 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries.
Preferred Qualifications
Intermediate experience in credit management and lending operations, with a strong understanding of risk management principles.
Desire to build leadership and coaching skills.
Strong communication and collaboration skills, ability to work with senior leadership and cross‑functional teams.
Intermediate analytical skills, ability to interpret complex data and make informed decisions.
Industry‑specific knowledge and expertise.
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 (Medical, Dental and Vision), effective the first of the month following start date.
Generous 401(k) company matching contribution.
Career Development through Tuition Reimbursement and other internal up‑skilling 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 we’ve 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 the Royal Bank of Canada, one of North America’s leading diversified financial services companies.
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.
Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.
#J-18808-Ljbffr