Portfolio Manager - Huntington Vendor Finance (HVF) Modifications - Huntington National Bank
Minnetonka, MN
About the Job
Description
Summary:The Portfolio Manager - Huntington Vendor Finance (HVF) Modifications services, deepens, and retains assigned profitable customer relationships by pro-actively evaluating and mitigating associated business risks and opportunities, per established Huntington policies, procedures, and Guiding Principles. They own the primary responsibility for the credit and monitoring of Commercial portfolio risks.
This PM position will focus on analyzing, negotiating and structuring inbound customer modification and assumption requests as well as the completion and presentation of assigned criticized asset reports (CARs). In addition, the PM must have the ability to combine their industry, credit and business knowledge with an in-depth understanding of each customer’s current financial position in order to provide innovative and workable alternatives to solve problems the customer faces in their ongoing operations while also protecting the Bank’s interests.
Duties and Responsibilities:
+ Effective management of modification and assumption requests within their assigned portfolio. Communicate directly with customers and program partners to facilitate customer requests, working with them to collect the appropriate financial information sufficient to analyze the account. Identify effective restructuring alternatives that serves the customer’s needs while simultaneously protecting the bank and minimizing loss potential.
+ Negotiate restructure parameters with customers and formulate a strategy to rehabilitate troubled loans/leases.
+ Ensure accurate and timely completion of CARs; present assigned CARs at required quarterly meetings, including a detailed and cohesive financial analysis in proper format. Work with the Financial Recovery Group to update existing CARs and the create new CARs as required
+ Analyze both consumer and business credit reports in conjunction with customer financial statements; prepares spreads as required. Recommend and/or establish the appropriate risk rating within the assigned authority; support the risk rating with sound analysis and judgment.
+ Responsible for underwriting quality and portfolio administration of assigned portfolio working directly with the Team Leader and Regional Credit Officer when necessary.
+ Perform other duties as assigned.
Basic Qualifications:
+ Bachelor's Degree
+ 3+ years of experience in portfolio or relationship management, credit and/or collections
Preferred Qualifications:
+ Demonstrated success structuring and underwriting commercial credit
+ Proficiency using Microsoft Word and Excel
+ Strong written and verbal communication
+ Strong customer service orientation
+ Ability to thrive in a fast-paced environment with excellent time management skills
+ Established professional network
+ High level of professionalism
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Hybrid
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.
Summary:The Portfolio Manager - Huntington Vendor Finance (HVF) Modifications services, deepens, and retains assigned profitable customer relationships by pro-actively evaluating and mitigating associated business risks and opportunities, per established Huntington policies, procedures, and Guiding Principles. They own the primary responsibility for the credit and monitoring of Commercial portfolio risks.
This PM position will focus on analyzing, negotiating and structuring inbound customer modification and assumption requests as well as the completion and presentation of assigned criticized asset reports (CARs). In addition, the PM must have the ability to combine their industry, credit and business knowledge with an in-depth understanding of each customer’s current financial position in order to provide innovative and workable alternatives to solve problems the customer faces in their ongoing operations while also protecting the Bank’s interests.
Duties and Responsibilities:
+ Effective management of modification and assumption requests within their assigned portfolio. Communicate directly with customers and program partners to facilitate customer requests, working with them to collect the appropriate financial information sufficient to analyze the account. Identify effective restructuring alternatives that serves the customer’s needs while simultaneously protecting the bank and minimizing loss potential.
+ Negotiate restructure parameters with customers and formulate a strategy to rehabilitate troubled loans/leases.
+ Ensure accurate and timely completion of CARs; present assigned CARs at required quarterly meetings, including a detailed and cohesive financial analysis in proper format. Work with the Financial Recovery Group to update existing CARs and the create new CARs as required
+ Analyze both consumer and business credit reports in conjunction with customer financial statements; prepares spreads as required. Recommend and/or establish the appropriate risk rating within the assigned authority; support the risk rating with sound analysis and judgment.
+ Responsible for underwriting quality and portfolio administration of assigned portfolio working directly with the Team Leader and Regional Credit Officer when necessary.
+ Perform other duties as assigned.
Basic Qualifications:
+ Bachelor's Degree
+ 3+ years of experience in portfolio or relationship management, credit and/or collections
Preferred Qualifications:
+ Demonstrated success structuring and underwriting commercial credit
+ Proficiency using Microsoft Word and Excel
+ Strong written and verbal communication
+ Strong customer service orientation
+ Ability to thrive in a fast-paced environment with excellent time management skills
+ Established professional network
+ High level of professionalism
Exempt Status: (Yes = not eligible for overtime pay) (No = eligible for overtime pay)
Yes
Workplace Type:
Hybrid
Huntington is an equal opportunity and affirmative action employer and is committed to providing equal employment opportunities for all regardless of race, color, religion, sex, national origin, age, disability, sexual orientation, veteran status, gender identity and expression, genetic information, or any other basis protected by local, state, or federal law.
Tobacco-Free Hiring Practice: Visit Huntington's Career Web Site for more details.
Agency Statement: Huntington does not accept solicitation from Third Party Recruiters for any position
This employer will not sponsor applicants for the following work visas: F-1 student, H-1B worker, O-1 worker, TN worker, E-3 worker. Applicants must be currently authorized to work in the United States on a full-time basis.
Source : Huntington National Bank