Portfolio Manager

Portfolio Manager – Seattle Bank

Location: Seattle, WA

$90,000.00/yr - $/yr

At Seattle Bank, we take a personal approach to banking. Locally owned and managed, we are a digitally‑driven boutique bank serving families and businesses in the Greater Puget Sound region and delivering partner banking services to companies nationwide. Our experienced team of bankers blends big‑bank solutions with boutique‑bank service, focusing on building relationships that last and solutions that succeed. From smart technologies that give our clients more control to creative solutions that can make money work smarter, we’re always building better ways to bank.

Seattle Bank is one of a small number of banks in the country with a cloud‑based, open API core banking system. This technology stack supports our growing array of personal and business banking offerings, as well as our partner banking services that enable fintech’s, marketplaces, and brands to embed banking transactions into their customer experience. Ranked in the top ten percent of banks nationally for return on assets and efficiency, Seattle Bank is a wholly owned subsidiary of Seattle Bancshares, Inc.,

a privately held bank holding company.

Seattle Bank is currently seeking an experienced professional to fill the role of Portfolio Manager. This position is responsible for the analysis and underwriting of moderate to complex loan applications and portfolio management. The Portfolio Manager applies strong credit skills and experience to structure loans with high complexity, balancing sales goals with strategic risk management to ensure risk is appropriately mitigated.

This position is responsible for continual monitoring of the loan portfolio to ensure credit files are complete and well‑maintained and notifying the Credit Administrator and Chief Credit Officer of any potential adverse information and trends.

• Gather and analyze credit information on current and potential borrowers including preparation of financial statement spreads for borrowers and guarantors. Prepare written summaries and financial trend, cash flow, and collateral analyses.
• Underwrite moderate to complex commercial, small business, and C&I credit requests and recommend appropriate loan structures by drawing conclusions from the information provided as to the financial condition of the client and its guarantors and identifying key credit risks and mitigating factors.
• Track changes and update credit approvals with additions, modifications, and clarifications as the package is vetted by the Credit Administrator, Chief Banking Officer, Chief Credit Officer, and Loan Committee.
• Ensure compliance with Seattle Bank’s credit policy and procedures and identify policy exceptions.
• Collaboratively prepare credit approval presentations with the Relationship Managers.
• Research economic environment, business and industry cycles, management, and operation assessment to understand non‑financial risks associated with the borrowers.
• Work in concert with Credit Administrator and Relationship Managers to organize and manage a portfolio monitoring system on all loan relationships.
• Review and analyze third party reports such as appraisals, environmental reports, and credit bureau reports.
• Monitor periodic loan/financial covenants to determine compliance, notifying appropriate parties for non‑compliance.
• Contact borrowers to obtain updated financial information to ensure quality of documentation within files.
• Assist in the preparation of problem loan reports on adversely graded borrowers and assist in loan workouts as appropriate.
• Assist with special projects as assigned including, but not limited to, preparation of management reports.
• Mentoring Credit Analysts by providing opportunities for assistance and training.

• Bachelor’s Degree and three (3) or more years as a Portfolio Manager and/or other related credit experience.
• Formal bank credit training program preferred or certification in RMA or Omega.
• Experience underwriting new commercial real estate and/or lines of credit loans with minimal oversight.
• Broad knowledge of credit principles and commercial…