Portfolio Manager (Remote)

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About Byline Bank: Headquartered in Chicago, Byline Bank is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors and consumers. Byline Bank has approximately $9.6 billion in assets and operates 46 branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and community banking products and services, including small-ticket equipment leasing solutions, and is one of the top Small Business Administration lenders in the United States according to the national SBA ranking by the U.S. Small Business Administration by volume FY2023. Byline Bank is a member of FDIC and an Equal Housing Lender.

At Byline Bank, we take pride in being an award-winning workplace. Some of our recent recognitions include:

• U.S. News & World Report named Byline Bank as one of the Best Companies to Work for in the Midwest in 2024-2025
• Best Workplaces in Illinois in 2024 by Best Companies Group and Illinois SHRM (Society for Human Resource Management)
• Forbes America's Best Small Employers 2023

By joining our team, you will become part of an organization that values growth, collaboration, and innovation. We strive to create an environment where employees feel supported and are empowered to excel in their roles. If you're looking for a career with a company that puts people first and makes a difference in the communities we serve, Byline Bank is the place for you.

Objective of Position :

The Portfolio Manager is responsible for supporting Sr. Portfolio Manager with portfolio-management functions aimed at delivering high-quality, pro-active client service and investment execution for numerous client relationships. This role is also responsible for assisting with preparing and coordinating portfolio-review.

Portfolio Manager Core Responsibilities:

• Manage collections of past due loan payments, lapsing insurance, past due property taxes, document exceptions and other loan issues.
• Prepare loan modifications and servicing action requests for approval, obtain and review legal documents ensuring renewals and modifications are properly documented.
• Coordinate collection and review of financial statements, tax returns, rent rolls, PFS, loan document exceptions and other documents as required by annual reporting requirements.
• Daily customer interaction through email, phone and site visits to address routine servicing matters and/or other related issues.
• Perform site visits and annual customer reviews on designated accounts.
• Attend designated training classes each year.
• Determine early warning signs of clients at risk and work with them to develop and execute an appropriate plan to mitigate risk
• Comply with all bank policies and procedures as well as applicable state and federal regulations.

Requirements:

• A minimum of three (3) years of Portfolio Manager experience in managing commercial loan accounts, preferably SBA loans.
• A Bachelor's degree in Business Administration, Finance, Accounting or related field.
• Advanced knowledge of SBA loan structuring, underwriting, documentation and credit.
• Thorough understanding of risks (market, rate, leverage, etc.) as it applies to the lending process.
• Strong knowledge of loan agreements, assumptions, accounting, loan structuring, and collateral procedures.
• Experience in identifying documentation risks, addresses, and /or negotiating them to resolution as well as determining when to elevate risk situations to the appropriate individuals.
• Knowledge of SBA 7a, 504 and CAPline programs, requirements, and loan documentation extremely helpful.
• Formal Credit Training is preferred.
• Ability to multi-task in a fast-paced environment where priorities can shift frequently.
• Exceptional analytical, organization, problem solving and time management skills.
• Working knowledge of federal and state banking regulations.
• Working knowledge of Small Business Administration Standard Operating Procedures desired.
• Strong ability to work in a team based environment.
• Excellent verbal and written communication skills.
• Computer literate with proficiency in MS Office, Word and Excel, PowerPoint, and financial forecast models.
• Strong analytic and reasoning skills.

Physical Demands/Work Environment:

Usual office environment with frequent sitting, walking, and standing, and occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Frequent use of eye, hand, and finger coordination enabling the use of office equipment. Oral and auditory capacity enabling interpersonal communication as well as communication through automated devices.

At Byline Bank, we value work-life flexibility and support a hybrid work environment for this position. This role allows for a combination of remote and in-office work, with occasional visits to the office based on business needs. Specific in-office days may vary and will be discussed during the interview process.

Compensation & Benefits:

Byline Bank offers competitive industry rate salary bands with the goal of retaining and growing talented individuals. We regularly review and adjust our compensation structure as needed to ensure equity across teams and levels.

The salary range for this position is between $72,000 to $89,000

In addition, Byline provides benefits including medical coverage, dental, vision, disability, 401k, paid time off and much more! Depending on the specific role, compensation may also include discretionary bonuses and other benefit programs. The actual compensation package may vary based on factors such as skill set, experience level, and candidate's location.

Additional Information: Byline Bank is an Equal Opportunity Employment / Affirmative Action employer dedicated to providing an inclusive workplace where the unique differences of our employees are welcomed, respected, and valued. We are committed to the principle of equal employment opportunity for all employees and to providing employees with a work environment free of discrimination and harassment.

All employment decisions at Byline Bank are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, national, social or ethnic origin, sex (including pregnancy), age, physical, mental or sensory disability, HIV Status, sexual orientation, gender identity and/or expression, marital, civil union or domestic partnership status, past or present military service, protected veteran status, family medical history or genetic information, family or parental status, or any other status protected by the laws or regulations in the locations where we operate. Byline Bank will not tolerate discrimination or harassment based on any of these characteristics.

Byline Bank is committed to providing reasonable accommodations for candidates with disabilities in our recruiting process. If you need any assistance or accommodations due to a disability, please contact us directly at 773-475-2900, Option #2.

If applying within the US, this role is not eligible for visa sponsorship now or in the future.

Note to Recruitment Agencies and Third-Party Recruiters: Byline Bank kindly requests that third-party recruiters, staffing agencies, and recruitment firms refrain from submitting resumes or candidate profiles without a prior agreement in place. Any unsolicited submissions will be considered property of Byline Bank, and no fees will be paid for placements resulting from such submissions. We appreciate your understanding and cooperation.