AVP & Portfolio Manager CRE

Spencer Savings Bank • Elmwood Park, NJ

3d • $96,842 - $151,316

About The Position

Responsible for preparing annual review memos for existing borrowers tied to the commercial lending loans portfolios. The Portfolio Manager will be assigned a portfolio of CRE facilities to manage.

Requirements

• College Degree
• Minimum of 5+ years related work experience (Lending, collections, bankruptcy, and foreclosure).
• Formal credit training required.
• Excellent written/verbal communication skills required.
• Ability to work independently and meet specified deadlines.
• Assertive, self-directed personality type.
• Working knowledge of word processing and spreadsheet software required.

Responsibilities

• Assume full account management responsibility for any CRE loan as described above under Basic Function.
• Provide ongoing credit oversight and portfolio management of the CRE loan portfolio through annual reviews, monitoring of covenant compliance and the creation and maintenance of “Watch List” credits.
• Interact with Loan Officers, Borrowers or CPAs to obtain necessary financial information required to complete annual reviews.
• Meet with clients if & when required and perform assessment of issues and financial condition, and ability to repay debt in accordance with the terms thereof.
• Consult with customers regarding their financial performance trends and pro-actively anticipate and manage deteriorating credits.
• Negotiate and recommend for approval, financial covenant waivers and loan modifications.
• Manage portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
• Recommend specific action plans upon identifying increased borrower credit risk to mitigate non­performing / non-accrual loan status.
• Daily monitoring of all overdrafts for C&I relationships.
• Order appraisals, flood searches, and credit reports.
• Assist with site visits/ property inspections as needed.
• Assist SVP Director of Portfolio Management with monthly reporting as required.

Benefits

• Holidays
• Vacation
• Health/Dental
• Vision Service Plan
• Short Term Disability
• Long Term Disability
• Life Insurance
• Flexible Spending Accounts
• 401k Savings Plan
• Tuition Reimbursement
• Employee Assistance Program
• Free Employee Checking Account

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree