Business Portfolio Manager

Yorktown, VA

1st Advantage Federal Credit Union is currently seeking a full-time Business Portfolio Manager to support our Business Services Department. Scheduled hours will be 40 hours per week between the hours of 8:30 a.m. to 5:00 p.m. Monday through Friday.

The Business Portfolio Manager is responsible for managing the credit union's portfolio of business loans, monitoring financial performance, assessing risk, and maintaining strong relationships with borrowers. The role involves occasional underwriting and collaborating with other department colleagues to ensure the ongoing health of the loan portfolio. The Portfolio Manager will handle all aspects of the portfolio including annual reviews, stress testing, and monitoring and Watch reporting.

This position requires a strong understanding of financial analysis, credit risk management, and loan documentation, as well as the ability to navigate complex client relationships.

1st Advantage Federal Credit Union has been serving members in the Hampton Roads community since 1951. We provide financial products and services that help members get ahead, while volunteering our time and resources to civic organizations and nonprofits that share our mission to improve life for each other. Be part of something special. Join 1st Advantage as a colleague and support our community members.

• Dollar-for-dollar matching 401(k) plan to 4% of earnings.
• Choice of three medical plans
• Flexible Spending Accounts
• Health Savings Accounts
• Choice of two Dental plans
• Vision
• Basic Life & AD/D Insurance – no cost
• Optional additional life insurance for colleagues, spouses, and children
• Long-term Disability Insurance – no cost
• Short-term Disability Insurance – no cost
• Employee Assistance Program – no cost
• Critical Illness, Accident, and Hospital Indemnity Plans
• Generous paid time off accrual program
• 11 Paid holidays
• Pre-paid legal services
• Pet Insurance
• Discounts on consumer loans and mortgages, increases on savings products, and much more!

To be considered for this opportunity, please submit your fully completed application and resume through our website.

• Portfolio Management:
  Oversee and manage the credit union’s business loan portfolio ensuring compliance with the credit union’s lending policies and procedures. Conduct regular reviews of loans and borrower financials to assess the risk profile, credit quality, and performance. Monitor loan covenant compliance and identify potential issues before they impact loan performance. Manage loan renewals, modifications, and extensions in coordination with the underwriter and other department colleagues as needed.
• Risk Management:
  
  Evaluate and analyze financial statements, cash flows, and market trends to assess the financial health of borrowers. Identify and mitigate risks within the business loan portfolio by developing strategies to minimize potential defaults or losses. Ensure that risk ratings are updated in a timely and accurate manner.
• Client Relationship Management:
  Serve as the primary point of contact for addressing any concerns within the business loan portfolio. Collaborate with the loan officers to deepen client relationships and identify cross‑selling opportunities. Facilitate client communication regarding loan terms, covenants, or changes in financial conditions.
• Loan Structuring & Documentation:
  Assist in structuring new loan deals or renewals by providing insight into borrower needs and risk mitigation strategies. Assist department colleagues with ensuring all loan documentation is accurate, complete, and compliant with internal and regulatory requirements. Coordinate with department colleagues to resolve any issues related to loan documentation or collateral.
• Regulatory Compliance:
  Ensure adherence to all regulatory requirements and internal policies, including lending limits, credit risk guidelines, and documentation standards. Stay current with changes in industry regulations that could impact the loan portfolio.
• Perform other duties as assigned.

• Effectively and timely perform loan reviews.
• Prepare reports in a timely manner for Senior Management.
• Effectively work in a team setting with…