Commercial Portfolio Manager

Peak Credit Union•Washington, DC

2d•$84,960 - $127,440•Remote

About The Position

To maintain a strong connection with our members and local communities and better understand their unique needs, we are currently considering applications from candidates residing in Oregon and Washington for all open positions. We appreciate your understanding as we focus our hiring efforts in these specific regions. And, we encourage all qualified candidates from these states to apply, as we look forward to learning more about your unique skills and experience! Job Summary: Assists and supports the Commercial Lending Team by handling all aspects of commercial loan portfolio management as it relates to the assigned portfolio of loans. Performs both technical and administrative duties.

Requirements

High school graduate.
Minimum four (4) 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.

Nice To Haves

Experience with Abrigo Sageworks financial software (or equivalent) preferred.

Responsibilities

Helps support 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.
Manages relationships with existing borrowers and supports Commercial Loan Officers with managing new 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 loans or modifications to existing client relationship.
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.
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.
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 accrual per month
8 hours of sick leave accrual per month
11 paid holidays
1 floating holiday
16 hours of self-care time
16 hours of volunteer time