Portfolio Manager CRE

BASIC FUNCTION

Responsible for preparing annual review memos for existing borrowers tied to the commercial lending loans portfolios. The Portfolio Manager will be assigned a portfolio of CRE facilities to manage.

MAJOR RESPONSIBILITIES

• Assume account management responsibility for any CRE loan as described above under Basic Function.
• Provide ongoing credit oversight and portfolio management of the CRE loan portfolio through annual reviews, monitoring of covenant compliance and the creation and maintenance of "Watch List" credits.
• Interact with Loan Officers, Borrowers or CPAs to obtain necessary financial information required to complete annual reviews.
• Analyze income producing properties and/or business financial statements/ tax return and identify financial ratios and trends.
• Ensure annual review and covenant compliance are completed.
• Consult with the Senior Portfolio Manager regarding their financial performance trends and pro-actively anticipate and manage deteriorating credits.
• Work with the Senior Portfolio Manager in in all matters related to the management of troubled CRE assets.
• Negotiate and recommend for approval, financial covenant waivers and loan modifications.
• Manage portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
• Assist with site visits/ property inspections as needed.
• Order appraisals, flood searches, and credit reports.
• Assist SVP Lending Division with monthly reporting as required.

JOB REQUIREMENTS

• Education: College Degree
• Experience: Minimum of 2+ years related work experience. Formal credit training required.
• Benefits: Holidays, Vacation, Health/Dental, Vision, Service Plan, Short Term Disability, Long Term Disability, Life Insurance, Flexible Spending Accounts, 401k Savings Plan, Tuition Reimbursement, Employee Assistance Program, Free Employee Checking Account