Portfolio Management Associate II at Hope Enterprise Corporation

HOPE (Hope Enterprise Corporation, Hope Credit Union and Hope Policy Institute) provides financial services; leverages resources; and engages in advocacy that strengthens the financial health of people in under-resourced Deep South communities. Since 1994, these efforts have benefited more than three million people in Alabama, Arkansas, Louisiana, Mississippi and Tennessee, and influenced billions in persistent poverty communities across the nation. Learn more at .

• Title: Portfolio Manager Associate II
• Department: Commercial Lending
• Reports To: Commercial Portfolio Manager
• Supervises: N/A
• Job Classification: Full-time, Exempt
• Location:  Hybrid - Jackson, MS

The Portfolio Management Associate II will be responsible for supporting the Commercial Portfolio Manager and VP of Commercial Portfolio Management in overseeing the credit quality of the commercial loan portfolio, partnering with loan officers and other internal and external stakeholders. The individual will perform loan monitoring of all compliance requirements and complete annual loan reviews by performing financial statement analysis and collateral evaluations to ensure all HOPE Commercial Loans are properly documented, adequately underwritten, properly graded, and appropriately priced. The reviews and analyses performed by the Portfolio Management Associate II will help HOPE manage commercial loan portfolio risk by ensuring compliance with Credit Union and regulatory requirements.  The individual will also collaborate with loan officers to identify areas of concern pertaining to the commercial loan portfolio and in the management of maturing and delinquent loans.

Responsibilities

• Assist the Portfolio Management and Special Asset Departments with reporting, analysis, and general administrative functions
• Perform regular commercial loan portfolio reviews that cover asset quality, documentation, compliance, and data entry
• Ensure the risk management of each client relationship in compliance with established credit policy and regulatory guidelines
• Help determine the creditworthiness of the loan portfolio, looking for changes that merit a review of lending practices and/or adverse asset classification
• Validate the accuracy of the credit grading / loan rating system
• Prepare monthly reports to monitor the performance of the commercial loan portfolio to management
• Verify the maintenance of borrowers’ insurance policies and the payment of property taxes
• Identify and evaluate portfolio trends with respect to delinquency, bankruptcy, demographics, loan programs, and other factors
• Spreading of borrowers’ financial statements into the financial analysis spreadsheet program/software
• Stress-test the loan portfolio or individual loans for risk monitoring
• Verify quality, completeness and accuracy of supporting loan documentation
• Support loan officers in gathering necessary financial information from borrowers and associated guarantors
• Other duties as assigned

Qualifications:

Required

• 3 – 5 years of experience as a Commercial Credit Analyst, Portfolio Management Associate, and/or Commercial Loan Officer
• Demonstrated strength in credit analysis and financial analysis
• Excellent verbal and written communication skills
• Ability to demonstrate being a self-starter, well-organized, detail oriented
• Ability to work well independently and in a fast-paced, deadline-oriented environment

Preferred

• Bachelor's Degree in Finance or Accounting
• Strong understanding of loan documentation criteria

Key Competencies & Skills:

• Financial Awareness - Actively seeking opportunities to optimize financial costs and investments when making decisions that have a financial implication
• Organizational awareness - Having and using knowledge of systems, situations, procedures, and culture inside the organization to identify potential problems and opportunities; perceiving the impact and the implications of decisions on other components of the organization
• Attention to detail - Taking responsibility for a thorough and detailed method of working.
• Data gathering and analysis - Collecting, consolidating, and using relevant information; recognizing important information; tracing possible causes of problems, and searching for practical data/solutions
• Planning and organizing - Setting priorities and defining actions, time, and resources needed to achieve predefined goals
• Problem solving - Having the ability to identify problems and issues of varying issues of varying complexities and to find effective solutions with few guidelines.
• Passion for HOPE’s mission
• Highly organized and strong attention to detail
• Strong analytical, technical, and statistical skills
• Sound working knowledge of accounting principles and financial statements
• Strong computer skills, especially with Microsoft Word and Excel
• Capability to effectively present information and respond to questions from groups of lenders, managers, and/or regulatory officials
• Thorough knowledge of lending laws and regulations
• Uphold confidentiality and privacy of findings in all situations
• Demonstrate ability to prioritize and handle multiple projects
• Interact and communicate effectively with personnel at all levels of the organization

Work Environment:

• Employee spends the majority of time in office environment, generally accessible to the public, customers, and potential customers
• Noise level in the work environment is usually moderate
• Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions

Comprehensive Benefits Package:

• Paid Vacation and Sick Time
• 11 Paid Holidays
• 401(k) with Company Match
• Medical, Dental, and Vision Benefits
• Flexible Spending Account (FSA)
• Disability Benefits
• Life Insurance, Critical Illness, Accident
• Employee Assistance Program (EAP)
• Tuition Reimbursement, Professional Development

Hope Enterprise Corporation does not participate in or engage in any form of visa sponsorship, including employment-based visa applications or extensions (e.g., H-1B, TN, O-1, OPT, STEM OPT, etc.). Candidates must be legally authorized to work in the United States at the time of application and throughout the duration of employment.

We are an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran or disability status.