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

First Horizon•New Orleans, LA

1d•Onsite

About The 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 will be responsible for preparing comprehensive credit analyses on non-owner occupied commercial real estate loans that facilitate the credit approval process. The Portfolio Manager should have a thorough understanding of various types of lending facilities as well as commercial real estate product types (i.e. retail, office, multi-family, lodging, industrial, ALF/ senior living, etc.). In addition, the Portfolio Manager will be responsible for monitoring the real estate portfolio including, but not limited to, periodic review and analysis of financial information, identification of negative trends, and preparation of covenant checks in support of the commercial lending function.

Requirements

Bachelor's degree (B. A.) from four-year college or university.
2-3 years related experience and/or training preferred.
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.
Proficiency with Hewlett Packard 12 C Calculator (or equivalent).
Proficiency with Financial Spreading Software.

Nice To Haves

Prior experience underwriting Commercial Real Estate loans is preferred.
Job grade (I-IV) will be determined based on years/ level of experience.

Responsibilities

Prepare comprehensive credit analyses on non-owner occupied commercial real estate loans.
Monitor the real estate portfolio, including periodic review and analysis of financial information.
Identify negative trends and prepare covenant checks.
Analyze real estate projects and spread financial statements.
Prepare Loss Given Default and Probability of Default models for new and renewal opportunities.
Provide supporting documentation and participate in Deal Team meetings.
Complete the Credit Approval Package via the Commercial Credit Memo in nCinco and accompanying Credit Memo Narrative.
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 financials and preparation of Loss Given Default and Probability of Default models.
Review and analyze appraisals and/or market data relative to the request.
Follow Appraisal Reconciliation procedures.
Ensure coding is accurate and recognition of Policy Exceptions including mitigants.
Include an approval recommendation with supporting commentary.
Submit Credit Packages for approval in accordance with the appropriate lending matrix authority.
Finalize Loss Given Default and Probability of Default models after approval.
Upload final approved Credit Package and other supporting documentation into nCino.
Attend client meetings with the Relationship Manager (when possible).
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.
Prepare covenant checks as required by Loan Agreement and follow procedures for handling loans deemed to be “out of compliance.”
Update nCinco as covenant checks are completed.
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.
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.
Ensure that the covenant definitions in nCinco match the requirements in the Loan Agreement once a loan is booked.
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.
Attend portfolio review meetings with product partners.
Perform all other duties as assigned.