Commercial Loan Portfolio Manager

COMPANY SUMMARY:

MECU is a not-for-profit financial institution committed to helping its members and community by offering high-quality financial products and services.

MECU's success in empowering our members to improve their financial well-being and live better dates back to 1936. We seek service-oriented professionals that will be champions for our members, treat everyone with respect find ways to assist our members/co-workers and help our community be a better place to live.

WE NEVER COMPROMISE THE MEMBER EXPERIENCE - our goal is to provide the absolute best member experience in all interactions and is the number one factor that we use to differentiate ourselves from our competition.

POSITION SUMMARY:

As a key member of our Business Services team at MECU, you will play a pivotal role in supporting relationship managers and Department by facilitating the underwriting and monitoring of existing and proposed credits, including critical tasks such as line renewals, maturing loan assessments, and term loan reviews. Your responsibilities will extend to managing the status of existing loans, ensuring timely actions are taken on maturing or past due loans, and providing valuable assistance during loan closings. Additionally, you'll have the opportunity to contribute to special projects under the guidance of department manager, fostering both professional growth and operational excellence within our dynamic banking environment.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

• Prepare assigned Loan Summary/Credit Memo, liaising with various stakeholders including Relationship Managers, Department Manager, and Senior Credit Analyst for new loan requests and renewals, ensuring accuracy and timeliness.
• Manage assigned maturing loans, preparing extension requests promptly and conducting credit analyses accurately to facilitate timely decision-making.
• Coordinate assigned annual term loan reviews, collaborating closely with the Senior Credit Analyst and Department Manager to ensure timely and precise assessments.
• Maintain updated loan files with relevant financial information and memos, facilitating comprehensive and satisfactory loan reviews.
• Prepare responses to internal audits and loan reviews, ensuring compliance with regulatory standards and internal policies, as requested.
• Assist in managing Criticized Asset Reports promptly and accurately, supporting effective risk management practices.
• Ensure proper risk rating of loans and complete necessary documentation for risk rating adjustments.
• Coordinate covenant compliance matters, securing approvals for waivers or issuing covenant default letters as needed.
• Conduct thorough reviews of third-party reports such as appraisals, environmental assessments, and property condition reports.
• Support Loan Administrator in managing past due loans and collection of tickler items.
• Accompany Credit Union staff on sales calls when appropriate, fostering client relationships and promoting business development initiatives.
• Contribute to ongoing staff training efforts, sharing expertise and insights to enhance team capabilities and performance.
• Aid in completing annual Site Visits and completion of site visit form on assigned Business Loans

QUALIFICATIONS AND REQUIREMENTS:

• Bachelor's degree in Accounting, Finance, or Economics preferred; advanced degree advantageous.
• Five or more years of credit analysis and/or commercial lending experience in banking or equivalent business-related experience.
• Proficiency in basic software applications such as Microsoft Word and Excel.
• Strong oral and written communication skills essential.
• Demonstrated customer service skills.
• Proactive mindset with the ability to work independently and collaboratively within a team environment.

Compensation

Salary Range bi-weekly, depending on experience and qualifications

• $71,593.60 - 107,390.40

Benefits at MECU Credit Union

At MECU, we prioritize the well-being and growth of our employees by offering a comprehensive benefits package that includes but not limited to:

• Medical, Dental, and Vision Coverage: Plans are available for both employees and their families to ensure comprehensive health coverage.
• 401(k) Plan with Employer Match: Secure your financial future with our competitive 401(k) plan, including an employer match to help you save more for retirement.
• Company-Paid Insurance: We provide company-paid short-term disability, long-term disability, and life insurance to give you peace of mind.
• Tuition Assistance: Continue your education and professional development with our tuition assistance program.
• Employee Assistance Program (EAP): Access confidential support for personal and professional challenges through our EAP.
• Parking Discounts: Enjoy discounted parking to make commuting easier.
• Long-Term Care Insurance: Prepare for the future with long-term care coverage options.
• Time Off: Take advantage of annual, sick leave, sick and safe leave to recharge and maintain a healthy work-life balance.

Join MECU and enjoy benefits that truly support you and your family.

Physical Demands

While performing the duties of this position, the successful candidate is regularly required to sit; use hands and fingers to handle objects, tools, keyboards or controls; talk and hear. The employee is occasionally required to stand, walk, reach with hands and arms and stoop or kneel. Must regularly lift and/or move files and equipment up to 15 pounds and occasionally lift/move up to 25 pound objects. Specific vision characteristics required by this position include close vision, adjust focus, and view a computer screen for extended periods of time.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

MECU of Baltimore, Inc. is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by law.

MECU conducts credit, bond and background checks.