View Your Accounts
Quick Links
Careers
VP - Portfolio Manager
Summary
| Title: | VP - Portfolio Manager |
|---|---|
| ID: | 1125 |
| Department: | Portfolio Management |
Description
VP- Portfolio Manager
Department: Portfolio Management
Reports to: Chief Credit Officer
Position Summary: The VP- Portfolio Manager is responsible for overall asset management and reviewing loans in a portfolio consisting primarily of commercial real estate loans, Commercial and industrial (C&I), multi family and mixed-use loans, small business loans, non- profit loans, as well as loans to houses of worship. The VP- Portfolio Manager will be contributing to the overall business work plan goals including (i) increasing the existing loan portfolio, (ii) retaining borrowers in the existing loan portfolio and (iii) actively preventing attrition in the loan portfolio. This position reports to the Chief Credit Officer.
Essential Duties and Responsibilities:
Department: Portfolio Management
Reports to: Chief Credit Officer
Position Summary: The VP- Portfolio Manager is responsible for overall asset management and reviewing loans in a portfolio consisting primarily of commercial real estate loans, Commercial and industrial (C&I), multi family and mixed-use loans, small business loans, non- profit loans, as well as loans to houses of worship. The VP- Portfolio Manager will be contributing to the overall business work plan goals including (i) increasing the existing loan portfolio, (ii) retaining borrowers in the existing loan portfolio and (iii) actively preventing attrition in the loan portfolio. This position reports to the Chief Credit Officer.
Essential Duties and Responsibilities:
- Manage the portfolio management team
- Manage the performing loan portfolio consisting of commercial real estate loans, C&I loans and loans to non profit organizations.
- Initiate, maintain and strengthen relationships with new and existing CRE clients, operating companies, sponsors and brokers as well as local, regional and national community-based organizations.
- Grow the existing loan portfolio by specified budgeted amounts annually
- Retain existing borrowers in the loan portfolio by actively preventing loan attrition.
- Review financial statements, tax returns, rent rolls and cash flow projections
- Underwrite all loan and rate modifications requests
- Underwrite loan extension and renewal requests.
- Determine and track risk ratings and debt service trends within the commercial and business loan portfolios by performing and overseeing the annual loan review process; track and alert senior management of any negative trends within the portfolio.
- Perform stress tests as well as global cash flow analysis on new and existing borrowers.
- Identify new business development and cross sell the Bank’s suite of products.
- Prepare monthly reports, including exception tracking reports; submit responses to the regulatory examinations and external auditors.
- Prepare loan monitoring reports on a regular schedule to review overall asset quality, including performance against original underwriting expectations
- Perform regular sight visits on properties within the loan portfolio as well as make regular visits to clients to maintain and grow existing relationships.
- Read and understand loan documents and implement corrective actions if borrowers are not in compliance with covenants, including implementing the default rate of interest for any non compliance as warranted
- Conduct site visits as necessary and prepare site visit reports for loans in the portfolio in accordance with lending procedures.
- Track portfolio delinquency.
- Familiar with ALLL (allowance for loan and lease losses) analysis and methodology
- Experience with OCC regulated banks
- Ability to manage and motivate team members
- Ability to underwrite commercial real estate loans, commercial and industrial loans, , multi-family and mixed- use loans, small business loans, non profit loans as well as loans to houses of worship
- In-depth knowledge of credit quality and credit analysis
- Proficient in analyzing financial statements of commercial real estate, C&I, multi-family and business operations
- Strong underwriting skills and ability to independently resolve complex credit issues and analyze credit risks
- Ability to interact with borrowers, attorneys, accountants, appraisers and any other external professionals as required
- Strong verbal and written communication skills, relationship management, and business development skills, working with both private sector financial institutions and public agencies
- Familiar with federal, state, and local government funding sources for capital and operating needs of multi-family housing, commercial real estate
- Minimum of 10 years experience in Portfolio Management, analyzing commercial real estate and commercial and industrial business loans MBA required preferred but not required
- Well developed analytical and problem solving skills
- Strong organizational skills
- Strong verbal and written skills
- Knowledge of bank products and services
- Strong knowledge of Microsoft Office products
- Knowledge of Sageworks Credit Analyst module
- Strong leadership/management capabilities
- Able to lead and develop staff
This opening is closed and is no longer accepting applications
