Special Assets Senior Portfolio Manager

Stifel strives for a culture that puts its clients and associates first: a culture where everyone belongs, everyone is welcome, and everyone contributes to the success of our clients, their careers, and the firm as a whole.

 

Let’s talk about how you can find your place here at Stifel, where success meets success.

The Special Assets Senior Portfolio Manager (“SASPM”) manages an assigned portfolio of criticized, classified, and other heightened-risk commercial credit relationships at Stifel Bank. The SASPM develops and executes workout and resolution strategies designed to protect the Bank’s interests, minimize losses, and maximize recovery for a portfolio of commercial loans, which may include venture-backed and sponsor-supported companies. The SASPM leads the evaluation of borrower financial condition, liquidity, collateral, and recovery alternatives and works closely with borrowers, sponsors, investors, relationship teams, legal counsel, and credit leadership to achieve optimal outcomes. This position is also eligible to sit in St. Louis, Boston, or San Francisco. 

• Manage and maintain a portfolio of active problem loans.
• Develop and implement corrective action plans, workout strategies, amendment structures, restructuring terms, covenant packages, and recovery paths that mitigate loss, preserve optionality, and maximize recovery to the Bank.
• Lead negotiations with borrowers, sponsors, investors, and other stakeholders, and coordinate with legal counsel to execute approved amendments, forbearances, restructurings, settlements, and recovery actions.
• Prepare credit memoranda, periodic reviews, situation updates, and risk rating recommendations for assigned borrowers. Ensure accurate and timely ratings, including support for nonaccrual, charge-off, specific reserve and forecast recommendations.
• Prepare or oversee borrower financial, liquidity, cash-flow, collateral, and recovery analyses supporting recommended workout strategies and credit actions.
• Coordinate analytical and underwriting assignments on the assigned portfolio with Associates and Analysts; review their work for accuracy, completeness, and alignment with the recommended strategy.
• Engage consultants, restructuring advisors, valuation experts, bankruptcy counsel, and other external parties as needed to protect the Bank’s position and support resolution strategy.
• Prepare information and participate, as requested, in management, committee, audit, and regulatory reviews of assigned relationships.

• Excellent written and verbal communication skills, sound credit judgment, and attention to detail.
• Ability to lead difficult borrower, sponsor, investor, counsel, and advisor negotiations involving amendments, forbearance agreements, restructurings, bankruptcy strategy, collateral protection, or repayment / exit plans.
• Strong working knowledge of U.S. bankruptcy, restructuring, insolvency, loan enforcement, collateral realization, and lender-liability considerations.
• Ability to assess downside scenarios, identify early warning indicators, and translate risk findings into actionable credit decisions and portfolio-management steps. Ability to reassess strategy as borrower performance, collateral values, and available alternatives change.
• Ability to meet strict deadlines and periodic internal reporting requirements, including timely communication of material developments to management, forecasting trends and risk rating migration in the assigned portfolio.
• Ability to handle multiple complex relationships in various stages simultaneously.
• Working knowledge of venture debt, growth-stage lending, sponsor-supported credit structures, enterprise-value lending, recurring-revenue business models, and complex capital structures preferred.

• Minimum Required: Bachelor's degree in economics, finance, accounting, or another business-related field required or equivalent combination of education and relevant work experience.
• Minimum Required: 10+ years in commercial lending/commercial workout experience or collections.

• Preferred: Experience with venture-backed and sponsor-supported borrowers, and technology and life-sciences business models. Completion of formal commercial credit training.

• Minimum Required: None.

• Proficient in Microsoft Outlook and Microsoft Suite, including Word and Excel.

• Experience using loan accounting, portfolio monitoring, risk-rating, CRM, covenant tracking, and reporting systems.

Salary: USD $180,000.00/Yr. - USD $215,000.00/Yr.

Actual salaries may vary, and may be based on several factors, including but not limited to each candidate’s qualifications, skills, and overall competencies for the position. The base salary is one component of Stifel’s overall compensation package for each individual employee. Other benefits and offerings include, but not limited to, discretionary bonuses, health / dental / vision / prescription insurance offerings, Stifel Total Health Connect, flexible spending accounts, tuition & certification assistance programs, paid time off, and much, much more! To view a more comprehensive list of Stifel’s current offerings, please visit https://www.stifel.com/careers/benefits. Applications are accepted until the position is filled.

Stifel is more than 130 years old and still thinking like a start-up.  We are a global wealth management and investment banking firm serious about innovation and fresh ideas.  Built on a simple premise of safeguarding our clients’ money as if it were our own, coined by our namesake, Herman Stifel, our success is intimately tied to our commitment to helping families, companies, and municipalities find their own success.

 

While our headquarters is in St. Louis, we have offices in New York, San Francisco, Baltimore, London, Frankfurt, Toronto, and more than 400 other locations.  Stifel is home to approximately 9,000 individuals who are currently building their careers as financial advisors, research analysts, project managers, marketing specialists, developers, bankers, operations associates, among hundreds more.  Let’s talk about how you can find your place here at Stifel, where success meets success.

 

At Stifel we offer an entrepreneurial environment, comprehensive benefits package to include health, dental and vision care, 401k, wellness initiatives, life insurance, and paid time off.

 

Stifel’s bank and trust companies are equal opportunity employers. All candidates will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, veteran status, genetic information or any other protected characteristic under applicable law.  If you would like more information regarding Equal Employment Opportunity rights and protections, please review the following information: Know Your Rights.

 

Stifel is an Equal Opportunity Employer.