Welcome!
We invite you to explore the award-winning culture, people, rewards and opportunities that make Comerica Bank so special.
Make your next career choice a confident one.
Qualifications
Position Qualifications
Bachelor’s Degree from an accredited university Completion of a Commercial Credit Training Program AND 2 years of experience in commercial underwriting, credit and/or lending OR 5 years of experience in Lending or Credit 2 years of experience utilizing Microsoft Office Products including Word, Excel Power Point and Outlook
Job Description
Portfolio Manager II
Under minimal supervision, the Portfolio Manager will be responsible for managing portfolio of existing customer relationships to ensure ongoing profitability and complete conformity with credit terms.
This role will ensure the sale of additional financial services.
This role will maintain a basic understanding of commercial, economic and financial circumstances and how they impact the customers and prospective customers under their management.
This role will coordinate with key internal partners to support servicing of existing customer base.
What we can offer you
Comerica Funded Retirement Plan and 401(K) Matching Paid Time Off (PTO) Employee Stock Purchase Plan Paid Holidays, Floating Cultural Holiday Medical, Dental, Vision, Life Insurance Flexible Schedules Parental Leave and Adoption Assistance programs Community Volunteer Opportunities “Top 50 Diversity Company” by Diversity Inc.
Global 100 for Most Sustainable Corporations
Position Competencies
Successful incumbents have excellent customer service skills, strong communication skills with the ability to prepare and deliver verbal and written presentations, strong attention to detail, drive for results, decision quality, dealing with ambiguity, presentation skills, business acumen and negotiating skills.
Position Responsibilities:
Portfolio and Risk Management:
Retains and manages existing loan portfolio supporting three to four Relationship Managers.
Takes ownership of all reviews and renewals for existing credit customers; portfolio includes complex accounts.
Formulates an opinion of whether such relationships should continue to be an acceptable risk.
Decides loan terms and conditions, if within own credit limits or makes recommendations to appropriate authority.
Develops and maintains direct relationships with customers including an effort to call/contact; target a minimum of twice per year in person contact.
Provides oversight and guidance to credit support in underwriting for renewals and reviews.
Provides qualitative input for RECAP creation.
Works in conjunction with manager to prepare for and present at loan committees and credit quality reviews as applicable.
Coordinates with Loan Closers to facilitate closing of renewals or amendments.
Adheres to Risk Management policies and guidelines, i.e.
regulatory compliance, portfolio and credit quality, and portfolio management.
Assists with monitoring existing loans to ensure compliance with terms of loan agreement and recommends corrective action on variances.
Identifies resolves operational and credit issues with loans held in portfolio.
Manages all non-loan credit and product risk products for existing clients, including treasury (ACH, Business deposit capture, etc.) approvals and documentation.
Manages ad hoc and regulatory reporting within existing portfolio (both internal and external requests).
Monitors, tracks, and assists in the collection of past due loan payments, exceptions, overdrafts, and maturing loans.
Provides day-to-day servicing of portfolio including credit risk monitoring.
Conducts interviews to develop information concerning the nature of the customer’s business, financing or other needs.
Profitability Identifies and closes appropriate incremental financial solutions with the goal of retention and expansion (cross sales).
Retains existing portfolio and associated profitability.
Additional Duties Promotes public bank image by being involved in meaningful community and business development activities, as appropriate.
About Comerica
We know that our employees are critical to our overall success.
We are dedicated to investing in their future to maintain long-term relationships for lasting commitments.
One of the ways we do this is to offer a comprehensive package of compensation and benefits programs which are regularly reviewed to maintain them at competitive levels.
Your salary will be commensurate with your work experience.
Upon offer, Comerica conducts a comprehensive background check, fingerprint check and a drug test.
NMLS certification requirement: where applicable, a favorable background check screening, credit check, fingerprint check, and NMLS certification is required in accordance with the SAFE Act.
Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by the Business Bank, the Retail Bank, and Wealth Management.
Comerica’s more than 9,000 colleagues focus on relationships, and helping people and businesses be successful.
In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico.
Comerica is proud to be an Equal Opportunity Employer
– veterans/individuals with disabilities, committed to workplace diversity.