Old Second National Bank

Portfolio Manager - Community Banking Team

Chicago Heights (K-207)

Sponsorship not specified$62k-$80kDetected 8 days ago
AccountingExcelMicrosoft OfficeUnderwriting

About the role

  • For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets.
  • Persons interested in this position should want to move toward the Line/Business Development.

Responsibilities

  • In partnership with Commercial Relationship Manager, identifies and engages with clients in support of Bank's portfolio management efforts.
  • How We Support You - Old Second

Requirements

  • Bachelor's degree in Accounting, Business, Finance or related field and some formal commercial credit training or experience
  • Bachelor's degree in Accounting, Business, Finance or related field and two or more years of formal commercial credit experience or a position held in a related field.
  • Bachelor's degree in Accounting, Business, Finance or related field and three or more years of formal commercial credit experience or a position held in a related field.
  • Working knowledge of balance sheets and income statements
  • Familiarity of Commercial underwriting guidelines

Nice to have

  • Old Second is committed to fair and equitable pay practices.

Compensation

  • $62,000 - $80,000
  • $69,000 - $90,000
  • Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 10% of base salary based various performance components.
  • $78,000 - $100,000
  • Officer Bonus Eligible: Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% of base salary based various performance components.
  • Old Second is committed to fair and equitable pay practices.

Benefits

  • Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 10% of base salary based various performance components.
  • Eligible to participate in the Annual Officer Incentive plan with a target bonus up to 15% of base salary based various performance components.

Company info

  • At Old Second, you're first! For more than 150 years, Old Second has consistently put businesses and individuals throughout the Chicago area first, and we're only getting started.
  • With great employees we've grown from a single location in the back of a general store to 50 locations and over $6 billion dollars in assets. At Old Second we embrace values that foster an environment of community and growth. Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers. Be a part of something big as we continue our growth story together!
  • Position Overview
  • The Portfolio Manager is responsible for supporting the Banking Team in Community Banking through middle-market segments, i.e., companies with annual revenues up to $50million.
  • At Old Second, you're first!
  • At Old Second we embrace values that foster an environment of community and growth.
  • Recently, we've been voted a Forbes Best-In-State Bank for Illinois by our customers.
  • Be a part of something big as we continue our growth story together!
  • The Portfolio Manager manages client portfolios with activities that - include: tracking, collecting & monitoring financial data, covenant testing, Term Loan Review preparation and corresponding with clients and outside counsel as appropriate.
  • Regularly interacts with internal Commercial Relationship Managers & Credit teams and internal/external business partners.
  • Primary Job Functions
  • Engages in portfolio and risk management of banking team clients ensuring compliance with bank credit policies and procedures.
  • As requested by the Relationship Manager, engages in co-management of client relationships with a focus on client financial analysis.
  • Tracks and monitors completion of required covenant testing and annual Term Loan Review preparation via Bank's credit underwriting group.
  • Supports the Loan renewal process by collecting and reviewing client financial information to support approvals.
  • Assists in the preparation of CAMs with credit oversight.
  • Assesses and clears past due collateral exceptions.
  • Tracks and records property insurance
  • Partners with Commercial Relationship Manager liaising with bank clients, the Commercial Credit team, Commercial support/operations and internal/external business partners.
  • Secondary Responsibilities:
  • May participate in loan approval process by contributing to the creation of Loan Committee presentations.
  • May visit clients with Commercial Relationship Manager as appropriate.
  • Work closely with Banking Team CLA's to clear exception items, board new business and move client relationships forward.
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This listing is sourced directly from Old Second National Bank's careers page and normalized into a canonical job model.