CRE Portfolio Senior Associate

Piermont Bank • New York, NY

44d • $120,000 - $150,000

About The Position

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. Entrepreneur-led and tech-forward, we offer a fully digital experience coupled with meaningful banker relations. We believe in being a partner for enterprising companies, acting as a funding catalyst for mid-market innovation and growth. Piermont’s financial solutions and expertise empower our business community to thrive. At Piermont, we are purpose-driven, responsive and practical, delivering integrated and flexible solutions that create value for clients in today’s fast-changing economy. For more information, visit www.piermontbank.com. The CRE Portfolio Senior Associate is responsible for managing a portfolio of commercial real estate loans, as well as supporting compliance and credit administration requirements.

Requirements

• Experience in commercial real estate; including experience and expertise in reviewing loan documents, analyzing rent rolls, leases, operating statements, joint venture agreements, budgets, appraisals, environmental and engineering reports. Prior development and construction experience are a plus.
• An undergraduate degree with a concentration in Accounting, Finance or Real Estate.
• Excellent analytical skills, attention to detail and strong organizational skills.
• Strong credit risk assessment skills.
• Strong knowledge of relevant computer software skills, such as Word and Excel.
• Strong interpersonal and communication skills, both written and verbal.
• Ability to quickly forge strong working relationships.
• Formal CRE credit training required.
• 4-6 years of relevant experience.

Responsibilities

• Manage a portfolio of commercial real estate loans by analyzing financial data, monitoring credit quality, and evaluating property performance.
• Complete annual loan reviews and prepare risk rating adjustment memos as necessary.
• Obtain annual financial reporting requirements and analyze financial statements to prepare cash flow analyses.
• Review leases, financial statements, and other relevant documents to assess property conditions and the loan’s credit quality.
• Identify and assess potential risks within the loan portfolio and recommend mitigation strategies.
• Process data from the Bank’s core reports to prepare the quarterly credit deck.
• Maintain a continuing knowledge of Bank policies, as well as changes in banking law and regulations, to ensure that deviations from policy are identified and reported.
• Complete job assignments in a professional, timely and efficient manner.
• Represent the Bank and Credit Administration team in a highly professional manner.
• Maintain borrower confidentiality; adhere to Bank policies and procedures; comply with laws, regulations, and industry best practices.
• Perform additional job duties as assigned.

Benefits

• A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 11-50 employees