Commercial Portfolio Manager 3

Peak Credit Union • Washington, DC

5d • $95,120 - $142,680 • Remote

About The Position

This position is responsible for supporting the Commercial Lending Team by handling all aspects of commercial loan portfolio management as it relates to the portfolio of loans. Performs both technical and administrative duties. This is a remote role open to candidates residing in Washington (WA) or Oregon (OR).

Requirements

• Minimum seven (7) years loan underwriting experience, ideally in commercial underwriting and analysis within a financial institution.
• Working knowledge of commercial lending and deposit account procedures, commercial and personal financial statement analysis, credit approval/annual review memorandums, and commercial loan documentation.
• Knowledge and understanding of lending regulations.
• Maintains consistently high standards in areas of accuracy, thoroughness, completeness, and order of documentation, system input, and internal/external correspondence.
• Strong, well-developed interpersonal communication and negotiation skills to determine existing/potential members' financial needs. Demonstrated customer service skills and ability to communicate with members in a professional manner to ensure and enhance the credit union's image within its market areas.
• Ability to organize work in order to give prompt attention to members' request, while being able to meet designated deadlines.
• Demonstrated skills in member-related account transactions. Ability to interpret and explain Credit Union policies and transactions posted to members' accounts.
• Ability to function effectively as a member of a team or on individual tasks and assignments.
• Capability for effective use of office machines and data processing systems to perform duties as required.

Nice To Haves

• Bachelor’s degree in Business, Finance, Accounting, or a related field.
• RMA Lending Certifications.
• Subject Matter Expert (SME) level understanding of accounting and business finance, commercial real estate finance, financial statement and cash flow analysis preferred.
• Experience with Abrigo Sageworks financial software (or equivalent) preferred.

Responsibilities

• Supports Commercial Loan Officers in the management of existing commercial credit relationships and partners with the Commercial Loan Officers in support of new relationships.
• Serves as the primary point of contact for existing borrowing relationships.
• Partners directly with the commercial lending team to ensure timely annual reviews, document performance against covenants and conditions, and assists CLO in monitoring and developing action plans for deteriorating credit relationships (i.e., watchlist reports, problem loan status reports, etc.)
• Collects updated information, analyzes data, and creates periodic loan review memorandums with risk upgrade or downgrade recommendations with assistance from the CLO, as needed.
• Creates, coordinates, and reviews annual review memorandums, property inspections, and commercial real estate evaluations for accuracy and further approval recommendations.
• Underwrites, structures, and helps document new loan and modification requests for existing client relationships above a designated threshold; generally the most complex and largest credit relationships and circumstances (i.e., C&I, construction, etc).
• Manages relationships with loan participation partners and provides research and underwriting for new participation loan requests.
• Seeks cross-sell opportunities and directs members to other services and products offered by the credit union to meet the needs of the business relationship.
• Performs all due diligence required including the review of financial, entity, legal and other documents prior to credit submission to protect credit union resources.
• Supports the CLO in the management of the assigned portfolio by monitoring performance and trends, proactively defining credit relationship solutions, identifying issues and developing remediation, underwriting and providing credit approval recommendations as designated.
• Supports the CLO in developing and maintaining special reports as needed for commercial lending team to monitor risk, realize opportunities, and aid in department and portfolio allocation and management.
• Helps support and train Commercial Portfolio Managers with financial spreads, credit memorandums, annual reviews, and loan documentation.
• Assists in ensuring the department adheres to all state/federal regulations, policies, and procedural guidelines. Provides feedback to commercial lending policy and procedural updates and revisions, as required. Remains current on industry, market trends and changes to regulation.
• Acts as a backup for the Commercial Credit Manager when needed.
• All other duties as assigned.

Benefits

• Medical, dental, vision and life insurance coverage.
• Medical, Dental, and Vision insurance paid at 100% by company for employee only coverage.
• Health Care FSA (HCFSA).
• Health Savings Account (HSA) with employer contributions.
• Dependent Care FSA (DCFSA).
• Life and AD&D insurance.
• 401k plan.
• 8 hours of vacation accrued per month.
• 8 hours of sick leave accrued per month.
• 11 paid holidays.
• 1 floating holiday.
• 16 hours of self-care time.
• 16 hours of volunteer time.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior