Senior Portfolio Manager

Salary Range: $100,000.00 To $125,000.00 AnnuallyJob type – Permanent, full timeLocation – In office located in Downtown Calgary or Downtown VancouverWorking hours – Standard business hours MSTPreference may be given to candidates located in Calgary, AB.Base Salary: $100-125k, plus the ability to earn an annual bonus of up to 50% based on the achievement of KPI's.Your Talent, Your Terms | Results, Recognition and Rewards
What's the job:
The Senior Portfolio Manager is an integral role within Travelers, one of which that is vital to the long-term growth and success of the business. The Senior Portfolio Manager requires a high-degree of interface with our clients and on going management of Travelers' portfolio investments. First and foremost, this is a hands-on portfolio management role overseeing a book of asset-based loans and leases to Canadian and U.S. borrowers, including the active management of distressed and workout files through to the recovery of assets. As an asset-based lender, the strength of Travelers' collateral position is central to every file;
this role is expected to maintain a clear, current view of collateral coverage and credit risk across the book, identify emerging risks early, and bring well-supported recommendations to senior leadership on how to protect and preserve capital.Responsibilities include, but are not limited to, day-to-day management of the Travelers portfolio of investments, review and analysis of on-going portfolio company reporting, assist with execution of live transactions, initiate and control the restructuring/recovery of deployed capital, and assist with the required amendments as requested or deemed necessary within the existing portfolio.The Senior Manager Portfolio will work closely with the leadership team to assist in the effective management and operational efficiency in all aspects of the business, contributing to the profitable growth and scalability of Travelers Capital. This role will sit between the associate level and senior leadership, providing mentorship, skill development to the associates, while providing support and being mentored by the leadership team.What you'll be doing:
Responsible for the overall post-closing monitoring and management of the Travelers' investment portfolio, including the diligent collection and review of all reporting requirements, monitoring the good standing of each portfolio investment, and assisting with any remediation steps taken by Travelers as necessary to protect and efficiently manage the portfolio.Onboard new files from the underwriting team into portfolio management, including setting up payment schedules and monitoring, setting reporting expectations with borrowers and following up on post-closing deliverables.Monthly, oversee portfolio performance and monitoring, including actively checking-in with portfolio companies / managed debtor entities to ensure compliance of reporting requirements, investment covenants, and ad-hoc deliverables.Manage relationships with both Canadian and U.S. borrowers within the portfolio, coordinating with counsel and other advisors on documentation, collateral security and enforcement matters.Conduct critical analysis of the information collected from debtor companies and identify improving or deteriorating debtor trends, potential breaches of covenant, trailing-12 month analysis, collateral coverage and asset values, and on-going key credit metrics, and elevate emerging risks to Senior Leadership with a recommended course of action.Maintain a current view of collateral across the portfolio, including appraisal and valuation currency, borrowing base and margin compliance, and inspection and field exam results, and flag any erosion in collateral position early.Assist in authoring formal credit amendment memorandums to the investment committee and/or investment partners, complete with key credit metrics, and control the documentation and implementation process of such amendments.Pro-actively monitor and work with clients going through periods of rigorous transition, providing strategic advice, consult, analysis, and recommendations to the VP and investment committee on future-looking amendments to maintain good standing and preservation of capital.Maintain a forward view of maturities, renewals, extensions, amendments and registration expiries (PPSA/UCC, insurance) across the portfolio, and prepare recommendations for senior leadership well in advance. This role is expected to be proactive, not reactive.Responsible for on-going documentation and working with outside firms (i.E. counsel, trustees, etc.) on processes including, but not limited to, regular course loan/lease modifications, payout requests, asset discharge requests, renewal and extension agreements, potential work-out documentation (i.E. demand notices, forbearance agreements, etc.), pending and on-going recovery, remediation and restructuring materials, and initiate and conduct formal recovery proceedings, including appointment of bailiffs and receivers. This individual will assemble and maintain certain standard documents that can be completed in-house as well.Responsible for the early identification of file deterioration and assist Risk team with managing through resolution, including assisting in developing and executing workout strategies, negotiating forbearance and restructuring terms, and overseeing the realization and recovery of collateral assets.Assess several business concerns and work with the team to formulate recommendations to the investment committee / various stakeholders. This may include preparing written reports for Travelers counsel and/or other stakeholders in accordance with the mandate of the file and collaborating with a trustee /receiver in dealing with legal elements of the recovery process.Responsible for portfolio organization and maintenance by obtaining final or post-closing requirements to ensure each file is complete, monitoring timelines and milestones which enable the lender’s portfolio management rights (i.E. annual collateral valuations, etc.), and the execution and management of said lender rights.Works with VP and accounting department as a liaison to manage the proper accounting of each financing during the term of the investment.Keep payment schedules current and correct for every file, and keep each file well organized and fully documented in SharePoint.Prepare regular portfolio-level reporting for senior leadership, analyzing the portfolio for overall trends, concentrations and credit risk,
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