AVP, Loan Portfolio Officer

Cathay Bank•Flushing, NY

2d•Onsite

About The Position

The AVP, Loan Portfolio Officer (“LPO”) is responsible for maintaining and monitoring an existing commercial loan portfolio and working closely with the Relationship Manager who owns the relationship of these accounts. The LPO is expected to maintain close contact with these clients and leverage the relationship to identify and bring in additional new business opportunities, both in loans and the Bank’s other products and services. The LPO is expected to provide “best-in-class” service to these loan clients while following established Bank’s policies and procedures.

Requirements

3-5 years corporate and/or commercial lending and banking experience with thorough knowledge of lending regulations and credit/underwriting practices.
PC proficiency.
Good verbal and written communication skills.
Organized and detail oriented.
Good credit knowledge of Bank’s credit underwriting policies and approval process for assigned loan.
Ability to work effectively in a fast-paced, high production environment.
Strong financial analysis and accounting skills.

Nice To Haves

Bachelor’s degree in accounting, business, or related discipline preferred but not required.
Bilingual (English/Mandarin or Cantonese) a plus.

Responsibilities

Work closely with Team Manager on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
Review to ensure each credit is properly risk rated based on the Bank’s risk rating system.
Maintain and grow existing client relationships, cross-sell Bank’s other products and services.
Specifically accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments and annual reviews.
Work with designated underwriter, loan assistants and other loan support staff to prepare the Credit Commitment Report (“CCR”).
Review client’s accounts and portfolios to identify, evaluate and determine the appropriate course of action on potential credit quality issues to maximize credit quality and minimize risk and potential loss to the Bank.
Ensure compliance with Bank, regulatory and credit requirements with emphasis on best-in-class client service while adhering to required timeframes from the client.