Middle Market Portfolio Manager
Sovereign Bank - Pennsylvania

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This position is located in Newtown, PA.

Job Duties

Responsible for evaluating and making decisions on renewals, modifications
and new deals ensuring quality and soundness for credit transactions.
Manages approval and commitment process (e.g. Committees) ensuring
compliance with Credit Policy and accuracy of documents and supporting
exhibits. Works with Regional Managers and clients negotiating and
communicating final deal structure and terms. Continuously monitors
and proactively manages risk/exposure and compliance with Credit
Policy for assigned portfolio. Frequently visits clients and reviews
client performance and financials. Also provides guidance and mentoring
to Credit Analysts and Credit Officers. Responsible for evaluating
financial performance of borrower and based on a variety of factors
determining an appropriate risk rating. Responsible for making decisions
or recommendations on renewals, modifications, etc. Works with Relationship
Manager and clients.

Authenticates all post loan closing activities, including conditions
precedent to closing, are accurate and complete.

Authorizes decisions in areas of credit transactions, risk ratings
and extensions of credit within limits of individual authority and
makes recommendations on others Credit Policy.

Communicates final deal structure, pricing, terms and conditions
to client and Sales team maintaining integrity of formal Committee

Continuously monitors and frequently visits clients providing an
independent review of credit quality, client risk/exposure, risk
ratings, compliance with Credit Policy and compliance with terms
and conditions of legal agreement for assigned portfolio.

Evaluates structures, risk rates and underwrites companies with risk
exposure or potential risk exposure to the bank. Ensures appropriate
compliance with all band requirements and loan covenants.

Identifies early client risk/exposure, early detection of volatile
industries and markets for assigned portfolio within designated region.

Manages approval process ensuring accuracy of approval documents
memorandum (SAM), supplemental exhibits and underwriting is compliant
with current Credit Policy standards and practices.

Negotiates terms and conditions of Credit with Relationship Managers
Proactively manages credit risk and exposure for an assigned portfolio;
initiates credit modifications and risk upgrading/downgrading, modifying
terms and frequency of covenants, financial reporting, collateral
security, audit schedule; initiates trans

Requires frequent client interaction and visits performed independently,
partnered with Senior and Executive level Corporate Banking Sales

Responsible for formal credit review processes such as Monitoring
as well as Credit File reviews, Audits, Compliance Reviews etc and
on an on-going bases reviews for accuracy and completeness all formal
loan documentation, comments and updates.

Responsible for the quality, integrity and soundness of all financial
analysis, underwriting and credit approval processes for an assigned

Serves as primary liaison for client prospects; interacts in-person
and via phone with existing customers, potential customers and Corporate
Banking Sales teams on a routine basis. Identifies cross-sell opportunities.

Visits and interacts in person and via phone/email with existing
customers and potential customers on credit or risk related matters.
May identify cross sell opportunities


Education: Bachelors or Equivalent

Bachelors Degree in Business, Accounting, Finance, Economics or equivalent
experience. 7+ yrs exp as a Credit Officer, Loan Workout /Review
Officer, or other related position or 5 yrs exp in Comml Lending
as a Sr Relationship Manager or Team Leader.

Ability to interact with all levels of management, work within a
team environment and work independently.

Ability to work with large databases and datasets for extraction
and conversion into useful business information.

Excellent technical and analytical skills.

Excellent written/verbal communication and interpersonal skills.

Expert knowledge of Microsoft Office, particularly Excel.

Strong negotiation and presentation skills.

Strong organizational and administrative skills. Ability to multi-task.

Thorough knowledge of financial statements, accounting principles,
Credit Policy, applicable laws and industry data sources.

Contact Information

James Rhodes

Job ID: 53387


Performs job requirement/responsibilities in compliance with applicable laws and regulations

To express interest in and be considered for a position, please provide your background information and work experience by completing the employment application in its entirety. Incomplete information may result in rejection of your application from consideration.

About this company
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Santander Holdings USA is the parent company of Sovereign Bank, which reigns in the Northeast with more than 700 branch locations....