Portfolio Manager

Univest Financial Corporation (UVSP), has approximately $8.1 billion in assets and $5.2 billion in assets under management and supervision (as of December 31, 2024). Headquartered in Souderton, Pa. and founded in 1876, the Corporation and its subsidiaries provide a full-range of financial solutions for individuals, businesses, municipalities and nonprofit organizations in the Mid-Atlantic Region. For nearly 150 years, Univest has stayed true to our philanthropic spirit and the strength of our Committed to Local giving program is one of the things that differentiates us. In 2024, Univest donated $2.1 million to our local nonprofits and our employees volunteered more than 16,000 hours.

At Univest we invest in the success of our employees and customers. We offer our employees the ability to be their authentic selves, while fostering a culture and an environment that inspires change and inclusivity. We seek career-focused individuals, looking to bring passion and creativity to drive change. Our employees are encouraged to work collaboratively and embrace innovation to deploy needs-based financial solutions in the communities we serve.

We're hiring a Portfolio Manager to join our Souderton based Commercial Banking Team.

Primary objective is to provide commercial lending process support, portfolio management, and client management for a Commercial Lending Team. Accountable for delivering exceptional customer service while managing risk within the portfolio. Customer-focused with strong knowledge of commercial lending practices, including banking, credit, compliance, and financial analysis. Partner with the Relationship Managers, operational team, and other lines of business to meet the needs of the customer. Build strong relationships with new and existing commercial banking clients and retain existing relationships. Comply with all Bank policies and procedures.

Commercial Loan and Portfolio Support

• Prepare the approval package using a Loan Origination System in collaboration with the Relationship Manager to outline the structure, terms, and conditions of the loan facility for new loan origination and renewals/modifications of existing loans.

• Prepare memos for the credit file and underwriting approvals, when necessary.

• Analyze customer financial information in preparation for upcoming loan requests, covenant tests, or annual reviews.

• Ability to prepare financial performance analysis including but not limited to cash flow analysis and collateral analysis for deal screen preparation and underwriting purposes.

• Accountable for facilitating and/or completing covenant compliance testing.

• Review the customer's risk profile through interpreting financial information, testing loan covenants, and evaluating other non-financial factors.

• Provide support to the loan origination process through independently assessing the due diligence required for every specific request.

• Facilitate ordering and reviewing all necessary due diligence searches, including but not limited to real estate searches, lien searches, credit reports, background checks, and OFAC reports.

• Provide support to the commercial loan process by ordering and reviewing appraisal and environmental reports.

• Provide support to the loan closing process, such as determining pre-close items required for loan settlement. This may include, but not be limited to obtaining insurance documentation, communicating directly with title companies, and being responsible for review and final approval of loan coding.

• Partner with Bank Counsel in preparation for loan closings.

• Accountable for reviewing loan documentation for accuracy.

• Provide post-closing support through follow-up with customers, Bank Counsel, and title companies, when necessary.

• Monitor and track monthly reporting including but not limited to maturing loans, annual reviews, and exception reporting.

• Partner with Relationship Managers, Administrators, and Customers in clearing exceptions.

• Provide support to Commercial Lending Team in satisfying requirements for construction advances.

• Lead the Audit Preparation for internal and external audits, including but not limited to reviewing files for completeness, file organization, evaluating loan coding accuracy, and preparing responses in collaboration with Relationship Manager.

• Accountable for compliance with laws and regulations that apply to this position including the Univest Code of Conduct.

• Perform other duties as assigned.

Customer Service & Support

• Establish operational relationship with designated clients to handle routine daily operational issues and client requests.

• Support Relationship Managers in preparation and attendance at client meetings and loan closings.

• Communicate with Relationship Managers and Customers to gather required financial information needed from customers.

Skills/Experience Required:

Communication/Relationship-Builder: Excellent interpersonal and communication skills. Clearly communicate in a professional manner through verbal, nonverbal, and written communication. Engage with external customers and effectively communicate across all levels of the organization.

Detail-Oriented: Maintain strong organization and effective time-management to handle multiple priorities at any given time. Focus on small details when completing tasks in a timely manner.

Financial Analysis: Ability to independently assess customer's financial information to determine repayment capacity, collateral coverage, and strength of balance sheet. Confidently prepare financial performance analysis for deal screen and underwriting purposes.

Risk Management: Ability to monitor performance of existing portfolio through interpreting financial information, testing covenants, and evaluating other non-financial factors to assess the credit risk profile. Ensure customer compliance, portfolio performance, and asset quality remain strong. Collaborate with Relationship Manager and other partners in the organization to propose strategies and actions to limit risk and loss to the Bank.

Self-Management: Maintain composure in high-pressure situations. Ability to handle most problems/exceptions in an independent manner. Exude a professional attitude and willingness to be collaborative.

Bachelor's degree in finance and/or equivalent experience in related area.

Trained Financial Analyst with a minimum of four years of comparable industry experience.

Software Proficiency: Microsoft Teams or equivalent, Video Conferencing, Microsoft Office, specifically Word, Excel, Outlook, OneNote, PowerPoint and SharePoint

Experience/Skills Preferred:

• Prior Salesforce and nCino experience

• Knowledge of commercial lending processes and procedures

Wage Range:

The salary for this position ranges from $85,000 to $125,000

Benefits Overview:

Univest offer's a comprehensive benefits package that includes:

• Health Insurance: Medical, dental and vision coverage (single or family; begins the first of the month following start date)
• Retirement Plan: Participation in 401(k) plan with up to a 3% employer match after 6 months of employment
• Paid Time Off (PTO): 20 days annually (prorated your first year)
• Short Term Disability: 10 days annually of sick time with a doctors note (prorated your first year)
• Holiday Time Off: 11 paid holidays
• We offer company paid life insurance: as well as other supplemental insurances
• Tuition reimbursement
• Employee Wellness programs: including fitness club discounts and fitness tracker discounts/ annual reimbursement
• Discounts: on loan products
• Professional development trainings

Click here for Benefit Information

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An Equal Opportunity Employer. Univest does not discriminate against any applicant for employment because of race, color, religion, religious creed, ancestry, national origin, age, sex, disability or protected veteran status.

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