Portfolio Manager II

About the role

Job Location: All levels 1700 Avenue of the States Suite 301 Lakewood, N.J. 08701

First Commerce is dedicated to providing people, businesses, and communities in our markets with high quality products and services with superior customer service. We provide products and services through secure, user-friendly technology and customer friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning with the Board of Directors.

Responsibilities

Essential Duties:

• Manage an assigned portfolio of commercial customers with some oversight by Commercial Loan Officer.
• Maintains ongoing business relationships with present customers in order to provide a secondary Commercial Services contact and take advantage of additional cross-selling opportunities.
• Provide support and oversight of reporting for portfolio management (delinquency, problem loans, exceptions, tickler tracking etc.) as designated by VP, Senior Portfolio Manager and or CCO/CLO.
• Coordinate collection, track and perform review of financial statements, tax returns, conditions/covenants.
• Coordinate and prepare modifications/renewals/extensions.
• Monitor assigned portfolio for early warning signs of financial weakness or other risks, and work with Commercial Loan Officer to develop an appropriate plan to discuss with VP, Senior Portfolio Manager, CCO and CLO.
• Prepare, update, and maintain credit files, both paper and electronic.
• Prepare and underwrite new complex commercial loan transactions and/or requests for significant relationships in assigned portfolio.
• Provide credit recommendations to the appropriate level of credit administration.
• Serve as primary or secondary contact for customer support as deemed by Commercial Loan Officer.
• Support Commercial Loan Officer with execution/collection of loan documents.
• Provide support for internal and external audits, loan review, compliance, and regulatory exams.
• Maintains a working knowledge of Bank operating policies and procedures which impact commercial services.
• Assists in achieving goals assigned to Commercial Lenders as part of the assigned department's annual operating plan.
• Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements.
• Coordinates specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and efficient flow of information.
• Communicates with management and staff personnel in order to integrate goals and activities.
• Responds to inquiries relating to his/her particular area, or to requests from other Bank personnel, customers, etc., within given time frames and within established policy.

Ancillary Duties:

• Perform tasks which are supportive in nature to the essential functions of the job, but which may be altered or re-designed depending upon individual circumstances.

Requirements

• Education/Training: Bachelor’s degree in business, accounting, finance, economics, or related field of study required.
• Experience: A minimum of five (5) years' related experience required.

Qualifications