Sr. Commercial Portfolio Manager

Job Description

Job Description

Role: Sr. Commercial Portfolio Manager

Why Westerra?

At Westerra Credit Union, we believe You Can Do Money . It is more than just a phrase. It is a mindset that shapes how we empower each other and our members to take control, grow, and thrive financially. Our culture is built on beliefs that guide how we show up every day. We focus on being member - obsessed, radically transparent, relentlessly collaborative, and always learning in motion. These are not just words. They are the heart of everything we do. Inspired by our vision to Out-Love Every Bank in Colorado, we bring genuine care and dedication to every member interaction. Our mission to teach, guide, and ignite members to own their financial future drives us to create meaningful, personal connections.

This mission comes alive through our MX Code, which encourages us to anticipate needs, listen deeply with both heart and head, find the best total solution, mark the moment, and truly own the impact we make. This is how we translate our strategy into experiences that matter. When you join Westerra, you become part of a vibrant community where innovation, openness, and collaboration are not just ideals; they are daily practices. Everyone is invited to bring their authentic selves, curiosity, and passion to the table. Together, we learn, grow, and thrive, committed to making a real difference for our members and one another. Because at Westerra, we do not just talk about money, we believe you can do money.

What is the role?The Senior Commercial Portfolio Manager is responsible for the ongoing administration, monitoring, and risk oversight of a complex commercial loan portfolio following loan closing. This role independently manages portfolio administration activities, including annual reviews, financial analysis, covenant compliance, risk rating recommendations, and proactive identification of emerging credit risk.Working closely with Commercial Loan Officers, Credit Administration, and other internal business partners, the Senior Commercial Portfolio Manager applies advanced commercial lending knowledge to support sound credit decisions, preserve strong member relationships, and protect the safety and soundness of the commercial loan portfolio. This role works independently with limited supervision, serves as a subject matter resource within the Commercial team, coaches less experienced team members, and contributes to process improvements that enhance portfolio quality and operational effectiveness.What will be expected of me?

• Independently manage an assigned portfolio of commercial loan relationships following loan closing, serving as the primary owner of ongoing portfolio administration.
• Complete annual relationship reviews accurately and thoroughly within established policy requirements and timelines.
• Collect, review, spread, and analyze borrower and guarantor financial statements, tax returns, rent rolls, operating statements, and other required financial information.
• Monitor financial covenant compliance, collateral documentation, reporting requirements, and other loan agreement provisions.
• Evaluate borrower performance and recommend appropriate internal risk ratings or other credit actions based on financial analysis and emerging credit trends.
• Identify adverse trends, deteriorating financial performance, collateral concerns, industry trends, or other potential credit risks and communicate recommendations to Commercial Loan Officers and Credit Administration.
• Perform ongoing financial analysis to evaluate repayment capacity, cash flow performance, guarantor strength, collateral adequacy, and overall credit quality.
• Prepare underwriting for Watch List relationships, workout scenarios, portfolio modifications, and other assigned portfolio transactions.
• Monitor portfolio concentrations, reporting exceptions, loan maturities, covenant compliance trends, and other portfolio metrics to support effective portfolio risk management.
• Maintain complete and accurate credit files that support internal audits, external loan reviews, and regulatory examinations.
• Build collaborative working relationships with Commercial Loan Officers, Credit Administration, Loan Operations, and other business partners to support effective portfolio management.
• Coach and provide guidance to less experienced team members to promote consistency and quality within the department.
• Participate in departmental initiatives, technology implementations, and process improvement efforts that improve operational efficiency and portfolio quality.
• Maintain current knowledge of commercial lending regulations, accounting principles, industry trends, and economic conditions affecting commercial lending.
• Perform other duties and special projects as assigned

Will I have Direct Reports? No

What am I bringing?Experience/Education:

• Bachelor's degree in Finance, Accounting, Business Administration, Economics, or a related field; equivalent experience may be considered.
• Typically six (6) or more years of progressive experience in commercial credit analysis, commercial underwriting, portfolio management, commercial banking, or a related field.
• Experience analyzing Commercial Real Estate (CRE) and Commercial & Industrial (C&I) lending relationships.
• Experience managing commercial loan portfolios and supporting ongoing credit administration.
• Working knowledge of commercial loan documentation, covenant administration, and portfolio monitoring.

Skills and Abilities:

• Advanced knowledge of commercial credit analysis and portfolio risk management.
• Strong understanding of commercial real estate lending, commercial and industrial lending, financial statement analysis, cash flow analysis, and collateral evaluation.
• Ability to independently manage a large commercial portfolio while balancing multiple priorities and deadlines and exercising sound judgment with limited supervision.
• Ability to identify emerging credit concerns and recommend appropriate risk management strategies.
• Sound credit judgement with the ability to independently evaluate borrower performance and recommend appropriate risk ratings.
• Strong analytical, organizational, and problem-solving skills with attention to detail.
• Excellent written and verbal communication skills with the ability to explain complex credit matters clearly to business partners.
• Ability to build productive working relationships across the Commercial Lending department and collaborate effectively with internal stakeholders and external members.
• Demonstrated ability to coach and review the work of less experienced professionals.
• Proficiency with Microsoft Excel, financial spreading software, and commercial loan systems.
• Commitment to continuous improvement and identifying opportunities to enhance portfolio administration processes.

What is the work environment like, and are there physical requirements for this role?

• Hybrid: Typically, a dispersed, flexible team environment both on Westerra campus (at least 2x/week) and remote. Employees must reside in Colorado or be willing to relocate prior to starting employment. Residency is required for payroll and state tax purposes.
• Office environment
• Works primarily at a desk
• Ability to lift 25 pounds

Salary : In addition to the starting salary of $78,204 to $97,754, this role is also eligible for Westerra’s self-funding reward plan. This plan pays out a cash incentive annually if Westerra hits specific criteria tied to financial goals and this role has a direct impact on the outcome of those results!

What are some of our benefit offerings?

• Three health plans through UMR that offer a variety of coverage options, including HSA and FSA options
• Two dental plans through Delta Dental
• Basic life and AD&D insurance, short-term disability and long-term disability
• 20+ days of paid time off (PTO) per year
• 16 hours of volunteer time off (VTO) per year
• 11+ paid holidays
• 401(k) that includes up to 6% match
• Up to 2% off the rate on a new Westerra mortgage, applicable to primary residence, second home, or investment property
• 2% off Auto/RV/Motorcycle Loans
• Up to $5250 per year for educational reimbursement
• 4 weeks of paid parental leave
• Mental health resources including an Employee Assistance Program (EAP)
• Individualized learning and development programs

Please note, applications will be accepted until at least August 25, 2026.