Job Summary
Position is primarily responsible for portfolio management of an assigned CRE portfolio
Main Duties and Responsibilities
• Manage and oversee loan portfolio for the assigned relationship manager/team.
• Maintain oversight of all ongoing monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement.
• Liaise between Relationship Managers and the Credit Division to facilitate credit needs of customers, whether through modifications, extensions, or renewals
• Provide sound analysis and recommendations on credit requests. Liaise with various parties to ensure approved credit requests/modifications are carried out in a timely manner
• Prepare Credit Committee presentations and applications for assigned portfolio.
• Update, track and follow up with customers on financial covenants, real estate taxes and insurance due on a periodic basis.
• Execute and manage all portfolio monitoring tasks: dashboard report monitoring (maturities, past due), etc.
• Identify and communicate portfolio issues/areas of concern and implement control mechanisms to ensure portfolio health.
• Investigate and follow-up with customers and internal departments on reporting exceptions and aged/outstanding issues. Assist RMs with all customer related requirements.
• Prepare annual reviews.
• Early identification of risk and potential risk rating changes.
• Perform other duties, as assigned, which fall within scope of responsibility.
Qualifications Needed
Knowledge:
• Strong quantitative/analytical skills including CRE underwriting, portfolio management, writing and attention to detail;
• Strong working knowledge of all functional areas that comprise CRE finance
• Strong work ethic, initiative, ownership/accountability and follow-through on responsibilities and assignments.
• Excellent communication skills (verbal and written) at all levels throughout the Bank, as well as borrowers, participating lenders and third party vendors.
• Strong project management and organizational skills.
• In-depth knowledge of all CRE property types (Multifamily, Office, Retail, Industrial). Experience with Hospitality and Condominiums is a plus.
• Experience with ground-up construction.
• Maintain current knowledge of BOM, policy guidelines and bank compliance requirements (BSA/AML/OFAC and other regulations) and participate in training and policy initiatives as required.
Technical Skills: Proficiency with MS Office products, Internet, and ability to research property status (taxes, violations, title, etc.).
Competencies:
• Must be highly analytical, prudent, and ability to work with all clients.
• Strong written and verbal communication skills
• Strong ability to exercise independent action and independent decision making authority with properly documented risk mitigation applied.
• Strong ability to meet time sensitive deadlines in a fast paced environment.
• Ability to work independently
Experience Required/Preferred:
• 5+ years of relevant Commercial Real Estate Finance Underwriting or portfolio management in a bank lending environment.
• Advanced analytical and problem solving skills with prior commercial real estate lending experience, wide-ranging and in-depth knowledge of industry practices.
• Construction lending experience is a plus.
