CRE Portfolio Manager

Northwest Bancorp • Warren, PA

77d • $90,000 - $115,000 • Remote

About The Position

The CRE Portfolio Manager is responsible for the ongoing monitoring process for the Bank's CRE commercial loans to ensure timely and accurate risk ratings and compliance with credit policy, loan agreements, and applicable banking regulations. This individual contributor position interacts closely with and supports CRE Relationship Managers, as well as other internal personnel, on commercial credit portfolio monitoring working under limited supervision.

Requirements

• Bachelor's Degree in Accounting, Finance, Economics, or related discipline
• 6-8 years of relevant experience in Commercial Lending as a Portfolio Manager, Relationship Manager and/or Credit Officer/Underwriter working with moderate to complex loans and documentation
• 6-8 years of experience in Commercial Credit or public accounting
• Experience with CRE underwriting

Responsibilities

• Monitor credit performance of individual commercial borrowers ensuring timely escalation or remediation, as appropriate.
• Responsible for the timeliness and accurate reporting of the commercial portfolio monitoring activities and adherence to credit policies, procedures and thresholds related to financial statement collection, covenant testing, collateral valuation, annual reviews, and delinquencies.
• Engage with customers, regularly, to discuss operating performance and business results including covenant compliance.
• Collect and review all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data.
• Spread financial statements and prepare financial models designed to assess probability of default and loss given default.
• Analyze financial information and related materials to ensure prudent ongoing credit monitoring for the Bank's commercial loan portfolio.
• Assist in completion of annual reviews, renewals, interim update memos, covenant calculations and criticized asset reviews.
• Present analysis or address questions during credit discussions or presentations.
• Liaison between Commercial Banking Relationship Managers, Credit Risk, the Underwriting Team and Special Assets to ensure necessary credit approvals are obtained and appropriately documented.
• Document and track key risk indicators associated with monitoring and control procedures and any applicable thresholds.

Benefits

• Bonus earning opportunities
• Benefits package

What This Job Offers

• Job Type: Full-time
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree
• Number of Employees: 1,001-5,000 employees