ASSOCIATE PORTFOLIO MANAGER JOB SUMMARY

The Associate Portfolio Manager supports the Portfolio Management team in overseeing the Commercial Banking portfolio. This role focuses on maintaining strong client relationships, ensuring compliance with regulatory requirements, covenant compliance, and assisting in the execution of the loan closing process and portfolio strategies.

ESSENTIAL RESPONSIBILITIES

Coordinate with Relationship Officers, Credit Analysts, and other internal teams to ensure timely processing of financial requests and documentation. Prepare letters and memos related to client loan related issues by determining course of action execution based on bank guidelines. Respond to all correspondence and daily e-mails on a timely basis to ensure responses are handled to the benefit of the customer and bank under standard practices and procedures. Oversee the exchange information from clients with loan officers routinely to manage closings and day to day activity within the allowed targets. Review approved CAM to determine the required documentation and prepare the file for closing. Order Phase I Environmental & Appraisal Engagement, prepare tickets for any applicable fees. Determine and prepare disclosures to be signed at or prior to closing. Oversee Document Checklist to reflect received and pending items in collaboration with Closing Officer. Coordinate with Relationship Officer & client to satisfy remaining Pre-Closing Conditions to close. Work with Relationship Officer to monitor & collect payment on Past Due loans. Oversee Applications for Advance, payoff request, auto debit request, loan payments, and maintenance. Review documentation to open new accounts related to new loan originations. Support Portfolio Manager in monitoring portfolio performance as needed. Assist Relationship Officers with preparation of post approval change memos when necessary. Assist with gathering and providing requested documentation during internal and external audits. Assist Commercial Banking team with resolving customer problems & complaints in accordance with FirstBank's service quality standards. Assist in implementing operational policy, ensuring transactions are processed in compliance with federal, state, and bank requirements. Adhere to Bank policies including BSA, AML, and OFAC regulations. Report suspicious activities and complete mandatory compliance training. Other ad-hoc duties as necessary in support of the region and overall bank's business strategy.

EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER

First BanCorp. es una corporación organizada bajo las leyes del Estado Libre Asociado de Puerto Rico y los Estados Unidos de América que ofrece igualdad de oportunidades de empleo que no discrimina contra persona alguna por razón de raza, color, creencias religiosas, género, edad, origen nacional, impedimento físico o mental, condición de veterano de la Era de Vietnam o veterano con impedimento. First BanCorp., sus subsidiarias y afiliadas son un contratista federal sujeto al cumplimiento con la Ley de Asistencia para el Reajuste de los Veteranos de la Era de Vietnam, según enmendada, y la Ley de Rehabilitación de 1974, según enmendada. Estas leyes y sus correspondientes reglamentos requieren que First BanCorp. tome acción afirmativa para emplear y promover en el empleo a individuos calificados con impedimentos, veteranos con impedimentos, veteranos de la Era de Vietnam y otros veteranos elegibles. Si es usted un individuo con impedimento, un veterano con impedimentos, un veterano de la Era de Vietnam o un veterano elegible nos gustaría incluirle en nuestro Plan de Acción Afirmativa, por lo que agradeceremos nos informe. Puede hacerlo ahora o en cualquier momento en el futuro. Ofrecer esta información es totalmente voluntario. Esta información nos ayudará a hacer los esfuerzos razonables para acomodar su incapacidad. Si usted decide identificarse, la información provista se usará únicamente para propósitos relacionados con las leyes y reglamentos aplicables. La información se mantendrá con carácter confidencial, excepto que podría ser compartida, en casos en que sea necesario, con (1) supervisores y gerentes; (2) personal de seguridad y/o primeros auxilios; (3) oficiales del gobierno encargados del cumplimiento de las leyes y reglamentos relacionados. Si usted elige identificarse voluntariamente puede comunicarse con nuestra División de Recursos Humanos al 787.729.8179. Copyright © 2022 First BanCorp. Todos los derechos reservados.