Portfolio Manager III - CRE

We are seeking a Portfolio Manager to join our credit management team, focusing on long-term risk-adjusted returns for the bank within assigned business segments and/or geographic areas. This role involves managing a subset of existing credits and partnering in the origination of new credits.

About the role

The Commercial Real Estate Credit team provides underwriting and proactive portfolio management expertise to the Bank’s CRE clients, including private individuals, family offices, and institutional funds, investors, and developers. You will collaborate across bank lines and divisions to deliver tailored CRE lending solutions while proactively identifying risk on new and existing credits. The CRE portfolio includes a variety of loan products secured or supported by diverse asset types.

Responsibilities

• Provide comprehensive credit recommendations and presentations to key risk partners for prospects and existing clients, including moderate to complex new credit structures, modifications, and extensions.
• Conduct thorough reviews of borrower and guarantor financials, including current and historical financial statements, tax returns, projections, and cash flow proformas.
• Present credit recommendations within the bank’s risk appetite and framework, adhering to policies, processes, and procedures.
• Deliver responsive, high-level client service with strong credit acumen to address client needs promptly.
• Oversee and manage the assigned portfolio, including timely risk rating assessments, covenant compliance, and preparation of quarterly and annual reports.
• Mentor junior colleagues and foster a culture of continuous improvement and professional growth.
• Underwrite all types of credit exposures, manage credit risk, and respond to prospective client inquiries.
• Analyze credit data to assess creditworthiness and recommend appropriate structures to the Sales team and clients.
• Prepare underwriting memorandums and approval documents for presentation to Credit Risk.
• Monitor and analyze portfolio performance through periodic reviews and covenant tracking.
• Maintain high standards of credit quality and origination in alignment with the Bank’s credit risk appetite and regulatory requirements.
• Collaborate with Relationship Managers to manage credit account relationships and work with cross-functional teams to support strategic initiatives.
• Participate in joint sales pitches with Relationship Managers and contribute to ad-hoc projects supporting organizational priorities.

Requirements

• Bachelor’s Degree or equivalent in Finance, Business, or a related field.
• Minimum of 4 years of progressively increasing credit underwriting and portfolio management experience in a relevant industry.

Qualifications

• Advanced experience in credit management and lending operations, with a strong understanding of risk management principles.
• Desire to build leadership and coaching skills, with the ability to train and develop talent.
• Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams.
• Advanced analytical skills, with the ability to interpret complex data and make informed decisions.
• Industry-specific knowledge and expertise in commercial real estate.

Benefits

• Comprehensive healthcare coverage, including Medical, Dental, and Vision plans (available the first of the month following start date).
• Generous 401(k) company matching contribution.
• Career Development through Tuition Reimbursement and internal upskilling and training resources.
• Valued Time Away benefits, including vacation, sick, and volunteer time.
• Specialized health and family planning benefits, including fertility benefits and cancer, diabetes, and musculoskeletal support programs.
• Career Mobility support from a dedicated recruitment team.
• Colleague Resource Groups to support networking and community engagement.

Pay

Starting base salary: $111,408 - $189,738 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.