Market Investor Commercial Real Estate Portfolio Manager (LA and TX)

First Horizon•New Orleans, LA

22h•Onsite

About The Position

This position provides analytical and monitoring support for large commercial real estate loans, including an independent analysis of the creditworthiness of customers and prospects. The Portfolio Manager is responsible for preparing comprehensive credit analyses on non-owner occupied commercial real estate loans to facilitate the credit approval process. A thorough understanding of various types of lending facilities and commercial real estate product types (e.g., retail, office, multi-family, lodging, industrial, ALF/senior living) is required. Additionally, the Portfolio Manager monitors the real estate portfolio, which includes periodic review and analysis of financial information, identification of negative trends, and preparation of covenant checks to support the commercial lending function. Production goals will be provided by the Market/Investor CRE Underwriting Manager based on the needed level of supervision and complexity of deal flow.

Requirements

Bachelor's degree (B. A.) from four-year college or university
Prior experience underwriting Commercial Real Estate loans is required
Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations
Ability to write reports, business correspondence, and procedure manuals
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public
Ability to work with mathematical concepts such as probability and statistical inference
Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations
Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists
Ability to interpret a variety of instructions furnished in written, oral, diagram, or schedule form
Proficiency in Microsoft Office Suite (including MS Excel and MS Word)
Proficiency with facsimile machine, Copier, Scanner, Hewlett Packard 12 C Calculator (or equivalent)
Proficiency with Financial Spreading Software

Nice To Haves

5-10 years related experience and/or training preferred

Responsibilities

Provide an analysis of real estate projects and spread financial statements as provided by Commercial Relationship Manager
Prepare Loss Given Default and Probability of Default models for new and renewal opportunities
Provide supporting documentation and participate in Deal Team meetings between Relationship Manager, Market Approvers and Credit Approvers
Maintain responsibility for completion of the Credit Approval Package via the Commercial Credit Memo in nCinco and accompanying Credit Memo Narrative (as applicable) once engaged by Relationship Manager, and after receipt of Opportunity Memo explaining the request
Ensure deal structure and analysis is reflective of customer accepted term sheet and Deal Team meeting conclusions
Work directly with the Relationship Manager to ensure accurate reflection of financial
Work directly with the Relationship Manager to ensure accurate preparation of Loss Given Default and Probability of Default models at time of new/renewal requests
Review and analyze appraisals and/or market data relative to the request
Follow the Appraisal Reconciliation procedures for loans approved subject to receipt and review of the appraisal
Ensure coding is accurate
Ensure recognition of Policy Exceptions including mitigants
Include an approval recommendation with supporting commentary
Ensure Credit Packages are submitted for approval in accordance with the appropriate lending matrix authority
After approval, finalize Loss Given Default and Probability of Default models
Upload final approved Credit Package and other supporting documentation used in underwriting into
Attend client meetings with the Relationship Manager (when possible)
Adhere to Service Level Agreements as outlined in Workflow Procedures
Review monthly, quarterly and annual rent rolls, operating statements, etc. for progress, trends, issues, etc.
Identify portfolio weaknesses and trends and alert Relationship Manager and Market/ Investor CRE Underwriting Manager to deteriorating portfolio conditions
Prepare covenant checks as required by Loan Agreement and follow procedures for the handling of loans deemed to be “out of compliance.”
Update nCinco as covenant checks are completed and advance the days accordingly
Monitor progress on construction loans via inspection reports, progress relative to borrower projections, delays, etc.
Prepare annual reviews
Update Loss Given Default and Probability of Default models according to required due dates, upon completion of construction or as a result of changing conditions that impact the risk profile
Proactively manage upcoming loan maturities and renewals working with the Relationship Manager
Monitor past dues and overdrafts working with the Relationship Manager to resolve
Ensure loans are coded correctly on the loan system once approved and booked
Ensure construction loans are correctly re-coded once a project is complete
Once a loan is booked, ensure that the covenant definitions in nCinco match the requirements in the Loan Agreement
Review Loan Reviews and respond as appropriate to any noted deficiencies
Ensure nCinco is updated with the appropriate documentation evidencing the monitoring of the portfolio according to the applicable procedures
Attend client meetings with the Relationship Manager (when possible)
Attend portfolio review meetings with product partners
All other duties as assigned