Assistant Bank Manager Jobs in Minnesota (NOW HIRING)

We are seeking a driven and customer-focused Portfolio Manager to join our Lending team. Reporting to the Portfolio Manager Team Lead, the Portfolio Manager partners with banking teams to manage, maintain, and further develop loan and deposit relationships of clients while balancing appropriate risk and reward to the bank. This individual will have a specialized focus in Construction and Land Development.

RESPONSIBILITIES: 

• Assist Bankers with the loan origination process:
  • Attend client meetings and property visits for prospective clients
  • Complete initial underwriting for Banker review
  • Prepare pre-flight presentations for approval
  • Draft loan proposals for client review
  • Collect financial statements and documentation needed for underwriting
  • Request credit presentations from the Analyst Group
    • Act as the primary contact for questions during underwriting
    • Ensure loan structure and reporting requirements adhere to the Bank’s Credit Policy
    • Review final presentations prior to submission for approval
  • Ensure any change-memos needed prior to closing are completed
• Assist Bankers in the ongoing management of the team’s loan portfolio:
  • Respond to client inquiries and keep bankers apprised of client activity
  • Attend client meetings and complete site inspections
  • Collect financial information for loan renewals, covenant testing and annual reviews
  • Complete covenant waiver proposals for Loan Committee
  • Prepare repricing comments for Loan Committee
  • Assist bankers with monitoring of past due loans and real estate taxes
• Work with bank management on special projects related to monitoring and managing of portfolio risk
• Attend networking functions and various industry events
• Develop an expertise in the loan closing process to include knowledge of all proper loan documentation and borrower entity documents as well as due diligence items such as title insurance, appraisals, environmental reports, and other items necessary to properly fund a loan
• Gain the understanding of how to structure, negotiate, and price new loans and renewals to maximize bank profitability
• Obtain knowledge of various loan and deposit programs and bank products
• Maintain knowledge of all supporting software, compliance, policies and procedures as they relate to the loan department
• Adheres to the bank’s policies, procedures, security requirements and government regulations including (but not limited to) BSA

 QUALIFICATIONS:

• Bachelor’s degree in finance, economics, business or related field
• 3+ years related banking experience
• Superior analytical/reasoning skills
• Proficiency in Microsoft Word, Excel, PowerPoint and Outlook
• Excellent written, verbal, and interpersonal communication skills
• Ability to think critically, solve problems, make decisions and build trust across the organization

ABOUT BRIDGEWATER BANK:

Picture yourself at one of the Twin Cities’ best places to work, surrounded by people who challenge you, support you, and inspire you to be your best. Welcome to Bridgewater Bank.

We’re on a mission to be the finest entrepreneurial bank in the Twin Cities. Like true entrepreneurs, we run fast and lean. We are in constant evolution and the runway for personal and professional growth is long. People are our strength, and that’s why we’ve created and sustained an award-winning culture that promotes growth and celebrates the big and little wins along the way.

At the end of the day, we believe competitive salaries, top-tier benefits, a hybrid work model, and transparency into the business is a given. Working together toward something meaningful with people you enjoy, is just a bonus! Will you join us? 

COMPENSATION & BENEFITS:

The typical annual base pay range for this role is between $94,500- $114,350. Compensation may vary based on individual job-related knowledge, skills, expertise, and experience. This position is eligible for a discretionary annual incentive program driven by organization and individual performance.

Bridgewater Bank provides a broad offering of competitive benefits including (but not limited to):

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Parental leave
• 401(k) with employer match
• Paid vacation & paid holidays

PLEASE NOTE:

The above is intended to describe the general content of and requirements for this position.  It is not to be construed as an exhaustive list of duties, responsibilities, or requirements. It is Bridgewater Bank’s policy to promote equal employment opportunities. All personnel decisions, including, but not limited to, recruiting, hiring, training, promotion, compensation, benefits and termination, are made without regard to race, creed, color, religion, national origin, sex, age, marital status, sexual orientation, gender identity, citizenship status, veteran status, disability or any other characteristic protected by applicable federal, state or local law.

STATUS: Exempt