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ASSOCIATE PORTFOLIO MANAGER

Job summary :

Associate portfolio manager works for different organizations that deal with finances and investments. The associate portfolio manager informs the clients as to what type of investments should they make and what investment plans they should refrain themselves from. He should have good knowledge of the economy and financial plans in order to help in the growth of the organization.

The associate portfolio manager advises the senior financial managers as to what policies should be adopted in order to make modest profits and they also conduct meetings from time to time so that his subordinates might have a fair idea of what new progresses the company is making and the new policies they are following. Also, he assigns tasks to all the employees and see to it that the work takes place perfectly.

Essential Responsibilities :

• Coordinates with both internal and external parties during and after the underwriting, closing, and funding phases of each loan originated or acquired in the Secondary market.

• Assists with the reporting of key Commercial Banking metrics to internal departments including originations, portfolio balances, and fees, disbursement and payoffs, among others.

• Prepares customer portfolio and other miscellaneous reports as needed i.e: quarterly covenant monitoring reports & quarterly leveraged lending reports. Ensure all reports are completed in a timely manner.

• Monitor and provide weekly analysis of Commercial Banking Portfolio including past due, payment processing, and interest rate repricing as needed.

• Monitor Company performance of the loan portfolio including financial performance, share price updates (if applicable), headlines, among others.

• Acts as liaison between Commercial Banking and internal support departments and agent banks

• Assist Commercial Banking team with preparation of client presentations, waivers/amendments, visitation memos/telephone call memos summarizing visit with clients, among others.

• Assists/ prepares credit reviews. Maintenance on all logs.

• Assist during internal and external audits.

• Will assist with Commercial Banking team as needed to acquire working knowledge of Credit Analysis.

• Resolve customer problems & complaints in accordance with FirstBank Florida excellent service policy.

• Assist in implementing operational policy, ensuring transactions are processed in compliance with federal, state, and bank requirements.

• Monitor bank-wide policies regarding Commercial Banking & related matters including Leveraged Lending.

• Work with closing, risk, servicing, and other departments on Inquiries including, KYC, tickler report, pending items list, insurance, UCC, among others.

• Maintains/updates the Commercial Banking database: Lender sites, and internal OnBase Credit Files.

• Promote cross selling FirstBank Florida services and products.

• Other ad-hoc duties as necessary in order to familiarize with all department areas.

  Independence of Judgment :

  Independence of judgment is according to established internal policies and guidelines.

  Impact of Errors :

  The impact of errors on this position could affect other departments operations and an economic impact to customers and to the Bank.

  Interpersonal Communication :

  Good interaction with customers and Bank’s employees.

  Education, Experience, Skills and Abilities Required :

  The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals to perform the essential functions.

  • Good mathematical and communications skills.

  • Previous experience in a financial institution.

  • Good understanding of financial institution branch operational functions, products and services.

  • Effective human relations and communication skills.

  • Ability to use office equipment, such as computer terminal, calculator, copier and fax machine, as any other related equipment.

  • Able to sit for long periods of time.

  • Able to talk and hear.

  • Could be asked to work more than the customary hours during peak times.

  Work Environment:

  Employees in this job work in an office environment with a comfortable room temperature, good lighting, and quiet conditions. These employees are exposed to external elements when representing the corporation at external events and may be required to work extended hours, including holidays, should these coincide with company events .

  Minimum Requirements :

  A formal training in banking products and/or processing new accounts and, at least 3 years of experience in a similar job is required or equivalent combination of education and experience enough to successfully perform the essential functions of the job is required.

  Disclaimer

  The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not indented to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure

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