FVP Portfolio Manager

About the Role

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

This incumbent has no direct reports.

Responsibilities

• Work closely with Team Manager or Relationship Manager on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
• Maintain and grow existing client relationships, cross-sell Bank’s other products and services.
• Accountable for credit origination of new credits from established network and existing client base, portfolio monitoring, renewals, amendments, and annual reviews.
• Negotiate and structure the primary terms of the loan with the client; circulate concept memo as needed prior to issuance of term sheet/LOI.
• Work with the underwriting team, with assistance from loan assistant and other loan support staff, to prepare the Credit Commitment Report (“CCR”).
• Present each CCR to the requisite approval authority levels. The finished CCR is the work product of a team, but the PM assigned as account officer for the credit is ultimately responsible for the content.
• Review loan documents, either internally prepared or by outside counsel, to ensure accuracy.
• Work with loan assistants and loan support staff to ensure all necessary items needed for the closing of the loan are in process and well-managed; manage the client experience of this process.
• Monitor and manage the credit quality of the assigned loan portfolio.
• Ensure each credit is properly risk-rated based on the Bank’s risk rating system.
• Review client’s 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.
• Assist with mentoring and coaching junior officers and loan staff.

Qualifications

Education: College graduate with a major in related fields, or equivalent experience.

Experience: 7-10+ years of loan account relationship management experience, franchise finance, credit underwriting experience, or a combination of both.

• Thorough knowledge of lending regulations and credit/underwriting practices.
• Strong loan portfolio management experience, specifically in commercial real estate and construction credit.
• Strong loan negotiation (rates, terms, collateral requirements) experience.
• Previous underwriting experience in the requisite area of commercial lending.
• Extensive knowledge and understanding of the 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 proficient.
• Excellent verbal and written communication skills.
• 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, and 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

Pay Range: $142,400-$166,600

Benefits

Cathay Bank offers its full-time employees a competitive benefits package which includes:

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Long-term disability insurance
• Flexible Spending Accounts (FSAs)
• Health Savings Account (HSA) with company contributions
• Voluntary coverages
• 401(k)