Portfolio Manager

Mercantile Bank was built by Commercial Bankers to support strong, sustainable Commercial Lending. We are seeking a full-time Portfolio Manager to join our Commercial Credit team at our corporate office in Grand Rapids, MI. This role offers the opportunity to apply commercial credit expertise while partnering closely with Commercial Bankers to support local businesses and drive responsible growth.

In this position, you will play a critical role in underwriting, monitoring, and managing a commercial loan portfolio while helping maintain a strong credit culture. You will work in a collaborative, high-performance environment where sound judgment, customer focus, and leadership are essential. Your work will directly support entrepreneurs and business owners in Southeast Michigan while contributing to the strength of the communities we serve.

Core Responsibilities:

• Partner with Commercial Bankers to underwrite, structure, and monitor commercial credit relationships in alignment with Bank risk appetite
• Manage and monitor the ongoing credit quality of an assigned portfolio through review of financial performance, covenant compliance, loan maturities, etc.
• Supervise and coach Credit Analysts, including workload management, performance reviews, and professional development

Why Mercantile Bank?

Mercantile Bank was founded by entrepreneurs who believed building strong relationships and communities is accomplished through collaboration and innovation. It's more than being a financial institution, it's being a trusted ally and community partner. As Michigan's largest community bank, our roots are deeply embedded in the diverse communities we serve. Our commitment to our customers and community is at the core of all we do.

As an employee of Mercantile Bank, you will receive competitive compensation, bonus opportunities, and best-in-class benefit options. With a minimum of 3 weeks' vacation, sick time, 11 paid holidays, generous 401k match of 5%, company paid life insurance, tuition reimbursement, IVF and adoption assistance, zero-interest loans for fitness equipment and business attire, discounted bank services, employee stock purchase plan, 529 savings plans, health savings accounts, flexible spending accounts, legal protection, exceptional training and development opportunities, and encouragement to connect with community through volunteer opportunities.

A Look into Your Day

As a Portfolio Manager at Mercantile Bank in Grand Rapids, Michigan, you will work closely with Commercial Bankers to support profitable growth while safeguarding credit quality. Daily responsibilities include analyzing new credit opportunities, preparing approval requests, and monitoring existing relationships to proactively identify risk and solutions.

You will collaborate with Bankers on structuring transactions that meet customer needs while protecting the Bank. You will also lead a team of Credit Analysts by assigning work, reviewing analysis, providing feedback, and supporting ongoing development and performance expectations.

Through customer interaction, internal collaboration, portfolio oversight, and team leadership, this role is essential to maintaining strong client relationships and disciplined credit practices.

What We're Looking For

Successful candidates bring deep commercial credit expertise, strong analytical skills, and sound judgment. Ideal candidates enjoy understanding how companies operate, assessing risk, and leading high performing teams. The role requires comfort working independently, presenting to credit committees, and managing others.

Attention to detail, strong written and verbal communication skills, and a commitment to compliance and customer service are critical for success.

Requirements:

• Four to seven years of commercial banking experience with formal credit training
• Demonstrated underwriting expertise including complex commercial and industrial (C&I) credits
• Experience monitoring $100MM+ commercial loan portfolios and managing credit risk
• Bachelor's degree in finance, accounting, or a related field

Preferred Qualifications:

• Prior experience directly managing Credit Analysts or similar roles

Apply today and join a team that values excellence, integrity, and thoughtful risk management while making a meaningful impact on local businesses!