Portfolio Manager/Officer

Industrial Bank

4d•Onsite

About The Position

Industrial Bank is a Community Bank that was established in 1934 and has been successfully operating for 90 years. It has acquired the distinction as a Community Development Financial Institution, with a mission to invest in low to moderate income communities we serve in the Mid-Atlantic region ranging from DC, Maryland, Virginia, New Jersey and New York City. Industrial Bank is known for its community engagement and volunteer participation in all the communities it serves. We embrace a culture of Professional Kindness and Ideal Team Player. Industrial Bank is seeking a qualified candidate for the position of Portfolio Manager. The qualified candidate must demonstrate an exceptional knowledge of the Commercial Lending Practices/Documentation. This position reports to the SVP/Chief Lending Officer at our 4812 Georgia Ave, NW, Washington, DC. Industrial Bank offers employees an array of health benefits, a 401K program, short and long term disability plans, and life insurance. We also provide employees with vacation time, sick/safe days, personal days and 11 paid holidays. The Portfolio Manager/Officer manages the receipt and processing of commercial loan applications, handles underwriting of credits under $500K, manages all administrative functions related to the commercial loan portfolio. The Portfolio Manager supports Commercial or Commercial Real Estate Loan Officers as designated and works directly with the Commercial Lending Team in performing assigned duties; and other duties as assigned

Requirements

Bachelor s degree in business administration, accounting, marketing, or a related discipline.
2-3 years experience as a commercial loan analyst with important accounts.
Knowledge of federal bank regulations.
Knowledge of marketing and relationship management practices.
Knowledge of financial and credit risk analysis.

Nice To Haves

Moody s Lending Cloud .
Banking Platforms .
Microsoft WORD
Excel
Knowledge of computer software programs used to evaluate financial information and to maintain loan information.

Responsibilities

Manages all aspects of the designated commercial loan portfolio
Review financial information and compare against financial covenants then place a note in the Loan file and advise the Loan Officer
Review of Document Exceptions report /aka Ticklers
Contact loan portfolio Borrowers on the exception report to request updated financial information and other required items to meet loan covenant requirements.
Import financial information and supporting documentation collected into the Banks electronic loan file system
Prepare the Loan Presentation Sheet (aka the LPS ) using the Moody s electronic system
Review past due report and makes collection efforts via phone call/email/letter
Coordinate and arrange loan payments and manual draft payments for past due loans
Applies the Bank s underwriting criteria to determine the risk rating of each new loan and loan renewal.
Uses the FICO Credit Scoring module for loans that meet the criteria.
Coordinating the loan closing with the Closing team is essential once a loan is approved. Completes the Loan Closing Checklist and submits it to the Loan Closing Manager