AVP/VP, Loan Portfolio Officer

About the Role

Portfolio Manager (“PM”) is responsible for maintaining and monitoring an existing commercial loan portfolio and working closely with the Senior Relationship Manager (SRM) who owns the relationship of these accounts. The PM is expected to maintain close contact with these clients, leverage the relationship to identify and bring in additional new business opportunities (both loans and other Bank products and services), and provide “best-in-class” service while adhering to the Bank’s policies and procedures.

Responsibilities

• Work closely with SRM(s) and Team Managers on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
• Review to ensure each credit is properly risk rated based on the Bank’s risk rating system.
• Maintain and grow existing client relationships; cross-sell Bank’s other products and services.
• Accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments, and annual reviews.
• Work with designated underwriter, loan assistants, and other loan support staff to prepare the Credit Commitment Report (“CCR”).
• Review clients’ accounts and portfolios to identify, evaluate, and determine the appropriate course of action on potential credit quality issues to maximize credit quality and minimize risk and potential loss to the Bank.
• Ensure compliance with Bank, regulatory, and credit requirements with emphasis on best-in-class customer service while adhering to required timeframes from the client.

Requirements

• College graduate with a major in a related field, strongly preferred.
• AVP: 3-5+ years, VP: 5-7+ years of loan account relationship management experience, credit underwriting experience, or a combination of both.
• Thorough knowledge of lending regulations and credit/underwriting practices.
• Strong loan portfolio management experience.
• Strong loan negotiation (rates, terms, collateral requirements) experience.
• Previous underwriting experience in commercial lending.
• Extensive knowledge and understanding of Bank’s credit policy, risk management, underwriting requirements, and loan servicing.
• Strong knowledge and understanding of commercial and specialty group banking products and services, with demonstrated ability to cross-sell such products.

Skills

• PC proficiency.
• Excellent verbal and written communication skills.
• Bilingual (English/Mandarin or Cantonese) a plus but not required.
• Ability to work well independently to restructure loans and/or lines of credit.
• Organized, detail-oriented, and able to multi-task.
• Ability to work effectively in a fast-paced, high-production, team environment.
• Excellent time management skills and accustomed to working with deadlines.
• Ability to assume responsibility and accountability for decision-making.
• Ability to communicate effectively with all levels of Bank personnel.

Pay

AVP: $95K – $110K / year
VP: $110K – $125K / year
Pay determined based on job-related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Benefits

Cathay Bank offers its full-time employees a competitive benefits package, including:

• Medical, dental, and vision insurance.
• Life insurance and long-term disability insurance.
• Flexible spending accounts (FSAs) and a health savings account (HSA) with company contributions.
• Voluntary coverages.
• 401(k) retirement plan.