Director of CRE Portfolio Management

About the role

The Director of CRE Portfolio Management at Mechanics Bank provides leadership and oversight of the Bank's existing commercial real estate portfolio. This role involves managing and developing a team of Portfolio Managers who monitor the portfolio and ensure credit quality, risk identification, regulatory compliance, and effective relationship support. The Director collaborates closely with credit administration, special assets, loan operations, and executive management.

Responsibilities

• Lead, manage, coach, and develop a team of CRE Portfolio Managers, establishing clear performance expectations, appropriate workloads, accountability, and consistent portfolio management practices.
• Provide senior-level oversight of the CRE portfolio, ensuring timely and effective credit monitoring, annual reviews, renewals, covenant compliance, risk rating, and identification of emerging credit issues, and negotiating workout scenarios with borrowers, as required.
• Provide guidance on complex credit structures, underwriting issues, loan modifications, renewals, and participate in communication with borrowers as necessary.
• Review all problem loan reports prepared by Portfolio Managers and participate in approval presentations to Credit Administration.
• Maintain a focus on portfolio trends, including delinquencies, maturities, covenant exceptions, policy exceptions, risk rating migration, criticized/classified assets, and concentration levels.
• Provide senior management with regular reporting regarding portfolio performance, credit trends, concentrations, interest rate reset risks, maturities, and exceptions.
• Travel Required 20-30%.

Requirements

• 12 years experience in accounting, loan analytics, and/or banking required.
• 5 years minimum leadership experience.
• A business management, finance, or related degree preferred.
• Experience and comprehensive knowledge of:
• Managing a large and diverse CRE portfolio.
• Managing a staff of CRE portfolio managers.
• Commercial real estate lending, underwriting, portfolio management, and credit administration.
• CRE property types including multifamily, mobile home parks, retail, office, and industrial.
• Commercial real estate cash-flow analysis, including net operating income, debt service coverage, loan-to-value, debt yield, capitalization rates, and sensitivity analysis.
• Borrower sponsor, guarantor, and global cash-flow analysis.
• Commercial real estate loan structures including acquisition, construction, bridge, term, refinancing, and permanent financing.
• Risk-rating methodologies, criticized and classified assets, watch-list management, and problem loan identification and resolution.
• Commercial real estate concentration risk, portfolio diversification, stress testing, and scenario analysis.
• Banking regulations, regulatory guidance, credit policy requirements, appraisal, and environmental standards, and exception management.
• Portfolio management systems, loan origination systems, covenant monitoring tools, financial spreading software, and reporting platforms.
• Principles of effective people management, succession planning, and organizational development.
• Establishing consistent processes, controls, standards, and performance expectations.
• Interacting with Credit Administration, senior management, and all stakeholders.

Qualifications

• ADA Requirements: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.
• The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.
• Specific vision abilities required by this job include close vision.
• The noise level in the work environment is usually moderate.

Benefits

• Comprehensive employee benefits program including medical, prescription, dental, and vision coverage, life insurance, AD&D, and disability benefits, health savings account, flexible spending accounts, and commuter/parking benefits, 401(k) and Roth 401(k) with company contributions, 529 education savings plan, tuition reimbursement program, student loan assistance program, supplemental health plans, voluntary legal and identity theft services, 11 paid holidays, paid sick days, paid vacation days, and paid volunteer time.

Pay

The pay range for this position is $180,000 - $240,000 annually with an AIP bonus up to 25%.