Portfolio Manager II - Construction

Bank Of Marin • Novato, CA

6d

About The Position

Bank of Marin, voted by our employees as one of the "Best Places to Work" in the North Bay Business Journal, is seeking a Portfolio Manager II - Construction to join our Construction Lending team in Novato, California. In a team-oriented environment, the Portfolio Manager II - Construction maintains a high degree of customer service through the examination, evaluation, and recommendations approval of customer applications for construction and commercial real estate loans. Develop and manage moderately complex construction loan accounts that meet established lending requirements and provide maximum profitability to the bank while minimizing construction risk.Essential Job Functions:With guidance / oversight from senior construction loan officers and group manager:Underwriting and Independent Analysis Use established underwriting guidelines to accurately underwrite and recommend moderately complex construction and commercial real estate loans requests for approval / declineArticulate credit recommendations by accurately completing the bank-standard CreditIdentify and access the strengths of the primary and secondary sources of repayment for moderately complex construction and commercial real estate creditsIdentify and assess key credit risks and the factors that mitigate these risks sufficiently to recommend approval of loan commitmentRecommend and support credit structures that monitor and mitigate key credit risks factorsSales / Networking Independently ascertain feasibility of the construction project including marketability of the completed project for commercial residential, mixed-use, commercial income and spec residential propertiesDevelop new business by contracting prospects and customers; cross-sell bank servicesMake site visits and participate in joint calls with senior officers and othersRelationship / Portfolio Management Recommend and support credit structures that monitor and mitigate key credit risks factorsInteract with title and insurance companies to assure that the Banks position is protected by appropriate title insurance, endorsements, and adequate insurance protection during the course of construction and upon completionReview construction inspections and, with the assistance of the construction loan administrator, monitor draw requests to ensure that sufficient money remains to complete the projectPrepare and complete in a timely manner all reports necessary to tract project status and compliance with Bank guidelinesAs needed, identify problem credits and help to collect or restructure the credit to protect bank and borrowers asset

Requirements

• Bachelors degree (B.A.) from four-year college or university; or equivalent combination of experience and/or training.

Responsibilities

• Underwriting and Independent Analysis Use established underwriting guidelines to accurately underwrite and recommend moderately complex construction and commercial real estate loans requests for approval / decline
• Articulate credit recommendations by accurately completing the bank-standard Credit
• Identify and access the strengths of the primary and secondary sources of repayment for moderately complex construction and commercial real estate credits
• Identify and assess key credit risks and the factors that mitigate these risks sufficiently to recommend approval of loan commitment
• Recommend and support credit structures that monitor and mitigate key credit risks factors
• Independently ascertain feasibility of the construction project including marketability of the completed project for commercial residential, mixed-use, commercial income and spec residential properties
• Develop new business by contracting prospects and customers; cross-sell bank services
• Make site visits and participate in joint calls with senior officers and others
• Recommend and support credit structures that monitor and mitigate key credit risks factors
• Interact with title and insurance companies to assure that the Banks position is protected by appropriate title insurance, endorsements, and adequate insurance protection during the course of construction and upon completion
• Review construction inspections and, with the assistance of the construction loan administrator, monitor draw requests to ensure that sufficient money remains to complete the project
• Prepare and complete in a timely manner all reports necessary to tract project status and compliance with Bank guidelines
• As needed, identify problem credits and help to collect or restructure the credit to protect bank and borrowers asset

Benefits

• comprehensive health care coverage
• a retirement savings plan with employer matching opportunity
• bank paid employee stock ownership plan
• tuition reimbursement
• employee volunteer program

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 251-500 employees