Role details

This position is now filled

Portfolio Manager; Loan Underwriting - Commercial & Industrial

Newark   •  Permanent

Bullet points

  • Market Leading Community Bank
  • Rapidly Expanding Loan Underwriter - Commercial & Industrial Loans

About Our Client

Market Leading Community Bank

Job Description

The Portfolio Manager is responsible for the overall asset management and reporting for a portfolio of loans to support the development of housing, early education, charter schools, community facilities, small businesses, faith based institutions and others. The Portfolio Manager also supports Underwriting and Business Development in strengthening relationships with clients.

The Portfolio Manager reports to the Deputy Senior Credit Officer and will work closely with the SVP/Senior Credit Officer, SVP/Credit Operations Manager, SVP/Senior Risk Officer, Underwriters and Business Developers in an effort to meet lending goals and objectives. The Portfolio Manager will communicate with borrowers, third party lenders, attorneys and other external parties, as appropriate.

Asset Management:

  • Loan Monitoring - The Portfolio Manager will be responsible for the ongoing asset management of a portfolio of housing, community facility, small business and other loans, including developing a relationship with each borrower and conducting regular loan monitoring reviews. The Portfolio Manager will prepare Credit Reviews for each loan on a regular schedule to review overall asset quality, including performance against original underwriting expectations. Such reviews evaluate information including borrowers/sponsor financial statements, rent rolls, project status reports, and overall analysis of the credit condition of the borrower/sponsor, stress testing as informed by a complete understanding of the bank's relationship with and exposure to the borrower. As needed, the Portfolio Manager will consult with the original Underwriter to obtain insight for analyzing the credit condition of the borrower/sponsor and/or project and additional information related to the borrower relationship.
  • Site Visits - The Portfolio Manager will conduct regular site visits and prepare site visit reports for loans in his/her portfolio in accordance with Credit policies and procedures.
  • Loan Extensions and Modifications - For loans where the borrower is seeking an extension and or modification, the Portfolio Manager will work closely with the borrower to provide a preliminary assessment of the necessity and feasibility of such extension or modification, and communicate with the Deputy Senior Credit Officer. The Portfolio Manager will conduct an analysis of the credit and make a recommendation as to the extension or modification terms and conditions, if an extension or modification is deemed appropriate.
  • Non-performing Loans - the Portfolio Manager will provide support, as requested to the Deputy Senior Credit Officer in managing non-performing loans, including but not limited to conducting site inspections, appraisal reviews, and borrower or project financial analysis.
  • Reporting - the Portfolio Manager will be responsible for reporting on the overall portfolio, including and not limited to assessing asset quality, stress testing, industry and market analysis, asset allocation, reserves and non-performing loan analysis.
  • Projects - the Portfolio Manager may from time to time have an opportunity or be required to work on miscellaneous projects and initiatives related to either the credit functions or across the company as needed.
  • Policies and Procedures - the Portfolio Manager will be responsible for understanding, complying with, creating and recommending updates to the policies and procedures related to the Portfolio Management and Credit functions.
  • Customer Service - The Portfolio Manager will maintain a positive and professional relationship with the bank's customers and business partners (which include third party lenders, attorneys and other external parties) by responding promptly for any and all requests in a responsive, consistent, accurate manner.
  • Compliance - Ensure compliance with the Banks Credit Policy and regulatory compliance standards.

Key Qualifications:

  • Experience in real estate-based or business lending, including credit analysis, due diligence and loan documentation
  • Proficiency in analyzing financialsof nonprofit organizations, small businesses, and real estate operation (rental housing and community facilities).
  • Familiarity with federal, state, and local government funding sources for capital and operating needs of multi-family housing, special needs housing, and community facilities.
  • Working experience with both private sector financial institutions and public agencies.
  • Knowledge of banking regulations (OCC and FDIC)

The Successful Applicant

  • College graduate or MBA is a plus.
  • A minimum of 3 years' experience in Credit or lending
  • Ability to respond to common inquiries or complaints from customers, regulatory agencies or members of business community
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions and percentages
  • Ability to define problems, collect data, and provide valid conclusions
  • Undergraduate degree in a relevant area of study such as real estate, urban planning, business administration or finance.
  • Relevant work experience in commercial lending function (commercial real estate, construction, small business lending, etc.) preferably with a community bank or community development financial institution
  • Credit training (formal or on-the-job) at a commercial bank, credit union or community development financial institution that is recognized and well regarded for its credit risk acumen

What's on Offer

Comprehensive Compensation Package;

  • Competitive Base Salary
  • Discretionary Annual Bonus
  • Comprehensive Benefits Package