AVP/VP, Portfolio Manager

Cathay Bank•El Monte, CA

About The Position

The Portfolio Manager (PM) is responsible for maintaining and monitoring an existing commercial loan portfolio, working closely with the Team Manager or Relationship Manager who owns the relationship of these accounts. The PM is expected to maintain close contact with these clients and leverage the relationship to identify and bring in additional new business opportunities, both in loans and the Bank’s other products and services. The PM is expected to provide “best-in-class” service to these loan clients while following established Bank’s policies and procedures.

Requirements

5-10 years of loan account relationship management experience, credit underwriting experience or a combination of both.
Thorough knowledge of lending regulations and credit/underwriting practices.
Strong loan portfolio management experience specifically commercial real estate and construction credit.
Strong loan negotiation (rates, terms, collateral requirements) experience.
Previous underwriting experience in the requisite area of commercial lending.
Extensive knowledge and understanding of Bank’s credit policy, risk management, underwriting requirements and loan servicing.
Strong knowledge and understanding of commercial and specialty group banking products and services and have demonstrated ability to cross-sell such products.
PC proficient.
Excellent verbal and written communication skills.
Ability to work well independently to restructure loans and/or lines of credits.
Must be organized and detail oriented and able to multi-task.
Ability to work effectively in a fast paced, high production and team environment.
Excellent time management skills and be accustomed to working with deadlines.
Ability to assume responsibility and accountability for decision-making.
Ability to communicate effectively with all levels of Bank personnel.

Nice To Haves

Bilingual (English/Mandarin or Cantonese) a plus but not required.

Responsibilities

Monitor and manage the credit quality of the assigned loan portfolio.
Maintain and grow existing client relationships, cross-sell Bank’s other products and services.
Accountable for credit origination of new credits from established network and existing client base, portfolio monitoring, renewals, amendments and annual reviews.
Negotiate and structure the primary terms of the loan with the client; circulate concept memo as needed prior to issuance of term sheet/LOI.
Work with underwriting team with the assistance from loan assistant and other loan support staff to prepare the Credit Commitment Report (“CCR”).
Present each CCR to the requisite approval authority levels.
Review loan documents, either internally prepared or by outside counsel, to ensure accuracy.
Work with loan assistants and loan support staff to ensure all necessary items needed for the closing of the loan is in process and well-managed; manage the client experience of this process.
Review to ensure each credit is properly risk rated based on the Bank’s risk rating system.
Review client’s accounts and portfolios in order to identify, evaluate and determine the appropriate course of action on potential credit quality issues in order to maximize credit quality and minimize risk and potential loss to the Bank.
Ensure compliance with Bank, regulatory and credit requirements with emphasis on best-in-class customer service while adhering to required timeframes from the client.
Assist with mentoring and coaching junior officers and loan staff.