Portfolio Manager I

Hanover Community Bank•Brentwood, NY

6d•$75,000 - $90,000

About The Position

Hanover Bank is looking for a full-time Portfolio Manager I to join our team. The Portfolio Manager I is responsible for maintaining and monitoring an existing commercial loan portfolio and working closely with the Director of Commercial Credit. The Portfolio Manager is expected to maintain close contact with their clients to identify opportunities to expand the business relationship, both in loans and the Bank’s other products and services. They are also responsible for identifying and addressing potential credit risk.

Requirements

3+ experience in loan underwriting/commercial borrower relationship management/loan portfolio management and/or portfolio analytics.
Formal Credit training or commensurate training or experience.
Excellent verbal and written communication skills.
Team player with the ability to adapt to changes, multi-task, and work in a fast-paced growing environment.
Knowledge of financial statement spreading and credit analysis
Technical skills including the use of the Microsoft Office Suite.
Strong negotiation skills.

Nice To Haves

Bachelor's degree in Finance/Accounting/Business Administration or related field preferred but not required.
Knowledge of Sageworks also preferred.

Responsibilities

Manage all aspects of the borrower relationship in assigned loan portfolio, including:
Monitoring compliance with loan covenants.
Assisting with loan reviews based on current financial information.
Proactively completing loan renewals and modifications.
Monitor maturities in the portfolio and ensure they are addressed appropriately.
Communicating with and visiting customers and updating the credit file with associated call reports.
Addressing customer inquiries or requests for additional financing and/or other bank products.
Processing loan advances.
Monitoring interest reserves and replenishment.
Monitoring borrowing base compliance.
Assisting with the processing of paydowns and payoffs.
Ensuring the timely payment collection and monitoring delinquencies.
Aid in the development of portfolio management processes and procedures.

Benefits

Medical, Dental, and Vision insurance (with HSA, FSA, and Commuter Benefits options)
Company-paid Life Insurance and Accidental Death & Dismemberment (AD&D)
Company-paid Long-Term Disability Insurance
Additional Life and AD&D Insurance for employee, spouse, and dependents
Voluntary Short-Term Disability Insurance
Pet Insurance
Legal Services Plan
Accident Insurance
Hospital Indemnity Insurance
Cancer Care Insurance
401(k) Plan with Company Match
Paid Personal Time Off (PTO)
Paid Company Holidays
Annual Performance Bonuses
Annual Salary Increases
Company-sponsored Events
Employee Contests and Recognition Programs