Portfolio Manager III - CRE

Position Overview

This CRE position’s responsibilities include all aspects of Portfolio Management as relates to assigned portfolio loans. The primary focus will be assisting multiple Lenders with the monitoring and management of their portfolio and assisting with other department related assigned functions.

Responsibilities

• Perform portfolio management responsibilities including:
• Promote customer relations by assisting Lenders and Customers
• Maintain maturities and past dues
• Maintain covenant compliance of the CRE portfolio
• Review and document financials, loan approvals, loan documents, etc.
• Prepare Annual Reviews to assess credit quality and covenant compliance
• Prepare short term extensions of matured loans
• Prepare semi-annual construction reviews
• Covenant compliance; perform property inspections
• Prepare detailed Excel Group Exposure Chart
• Request quotes/order appraisal and environmental reports
• Affiliate with the Management of PM’s I and II and review of their work prior to submission to management

Key Responsibilities

• Detail property descriptions and market analysis
• Detail analysis of financial statements
• Project economics, income and expense analysis, tenancy analysis, and property valuations
• Construction budget analysis with determination of sources and uses of funds
• Borrower and Guarantor analysis
• Assess lending risks, clearly identify offsetting mitigates and summarize recommendations
• Prepare loan modification/covenant waiver memos
• Complete special projects as directed by the CRE Portfolio Manager Team Leader

Minimum Qualifications

• Bachelor’s degree in Finance, Accounting or Economics
• Seven (7) to ten (10) years’ work experience in all facets of commercial real estate within financial industry, with a strong concentration in Banking
• Strong comprehensive financial analysis skills / experience
• Comprehensive Commercial Real Estate loan analysis experience
• Ability to manage a commercial real estate portfolio
• Ability to assist multiple Lenders with management of their portfolio
• Strong verbal and written communicative and analytical skills
• Proficient with software programs (Microsoft Word, Excel & Argus), financial analysis programs and discounted cash flow models
• Strong customer service skills

Working Conditions

• Mainly performed in a normal office environment
• Noise levels usually are moderate
• May also involve travel to customers and property locations
• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting

Pay Details

$123,900 - $177,000 annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.