Job Summary:
We have a tremendous opportunity for a seasoned portfolio manager in New York City. Our client is building out a C&I lending team in NYC and is looking for a Portfolio Manager to partner with the relationship managers in growing a quality C&I loan portfolio. They expect the Portfolio Manager to be directly involved from the business development efforts through the life or the relationship.
Primary responsibility will be to administer loans originated by the Commercial Loan Office focusing on maintenance of existing client portfolio, performing annual and quarterly reviews as needed, ensuring all loan payments are current, and initiating risk rating changes to existing loans. Direct customer contact will be required.
Responsibilities Included:
- Partner with Lending Officers in business development efforts based on customer need
- Monitor loan portfolio by examining loan repayment activities and financial condition of borrowing clients and take necessary action to prevent and/or reduce past due accounts
- Maintain ongoing contact with lending customers to provide exceptional customer service, keep abreast of latest developments in customers’ financial and business condition, and collect updated financial statements/documentation for renewals and reviews
- Perform financial analysis of customers’ financial statements for quarterly and annual reviews, including evaluating customers’ ability to repay and making recommendations to management on structure of loan
- Coordinate with the SVP in restructuring loans to control delinquency and minimize losses
- Initiate discussion with area manager for possible risk rating changes to loans in portfolio due to positive or negative events/trends encountered
- Assist in payment collection efforts, including maintaining updates to collection system records.
- May participate in completion of analysis and applications for loan modifications, renewals and small new business loans
Here is what our client offers:
- An opportunity to make a significant contribution to the build out of the C&I lending team
- An opportunity for advancement
- Team environment where your achievements will be recognized and rewarded
- Very low political and/or bureaucratic environment, which is refreshing to those looking to get out of the mega banks
Here is what our client requires:
- 5+ years of experience in credit evaluation, portfolio risk assessment and underwriting
- Bachelor’s degree in Bus Admin, Finance, Accounting or Economics or equivalent work experience
- Ability to underwrite and monitor commercial and industrial loans, lines of credit, term facilities, use loans, small business loans, non-profit loans as well as loans to houses of worship
- In-depth knowledge of credit quality and credit analysis
- Strong underwriting skills and ability to independently resolve complex credit issues and analyze credit risk
- Ability to interact with borrowers, attorneys, accountants, appraisers, and other external professionals
This is an ideal opportunity for someone with a strong credit background, experience managing loans portfolios, and a desire to maintain strong relationships with customers. If this sounds like the opportunity you’ve been looking for, please apply using the “Apply” link. If you have questions about this opportunity, feel free to call Rob Titterington @ (724) 837-6337.
Additional information on our client and this role:
- Bank – Community Bank
- Asset Size – $5B+
- Portfolio Loan Type – Commercial
- Loan Size – $1-40MM (Lower-Middle Market)
- Health Grades To Be Considered:
- Texas Ratio* – 1.73% (A+)
* Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
- Capitalization* – 13.27% (A+)
*Capitaliztion Equity/Total assets. Capital serves as a buffer that can absorb possible bank losses.
Confidentiality:
We respect your privacy and will never submit a resume to a third party without your permission. You can be assured that the information you give us will never be forwarded to any company without your specific, direct permission in advance.
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