Portfolio Manager CRE

Spencer Savings Bank•Elmwood Park, NJ

1d•$96,842 - $121,053

About The Position

Responsible for preparing annual review memos for existing borrowers tied to the commercial lending loans portfolios. The Portfolio Manager will be assigned a portfolio of CRE facilities to manage.

Requirements

College Degree
Minimum of 2+ years related work experience.
Formal credit training required.
Excellent written/verbal communication skills required.
Ability to work independently and meet specified deadlines.
Assertive, self-directed personality type.
Working knowledge of word processing and spreadsheet software required

Responsibilities

Assume account management responsibility for any CRE loan as described above under Basic Function.
Provide ongoing credit oversight and portfolio management of the CRE loan portfolio through annual reviews, monitoring of covenant compliance and the creation and maintenance of "Watch List" credits.
Interact with Loan Officers, Borrowers or CPAs to obtain necessary financial information required to complete annual reviews.
Analyze income producing properties and/or business financial statements/ tax return and identify financial ratios and trends.
Ensure annual review and covenant compliance are completed.
Consult with the Senior Portfolio Manager regarding their financial performance trends and pro-actively anticipate and manage deteriorating credits.
Work with the Senior Portfolio Manager in in all matters related to the management of troubled CRE assets.
Negotiate and recommend for approval, financial covenant waivers and loan modifications.
Manage portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
Assist with site visits/ property inspections as needed.
Order appraisals, flood searches, and credit reports.
Assist SVP Lending Division with monthly reporting as required.