VP, Loan Portfolio Manager

Cathay Bank • New York, NY

83d • $90,000 - $110,000

About The Position

Portfolio Manager (“PM”) is responsible for maintaining and monitoring existing commercial loan portfolio and work closely with the SRM who owns the relationship of these accounts. 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 Bank’s other products and services. PM is expected to provide “best-in-class” service to these loan clients while following established Bank’s policies and procedures.

Requirements

• U.S. College graduate with major in related fields, strongly preferred.
• 5-7 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.
• 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.
• Demonstrated ability to cross-sell such products.
• PC proficient with excellent verbal and written communication skills.
• Ability to work well independently to restructure loans and/or lines of credits.
• Organized, 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 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

• Work closely with SRM(s) and Team Managers on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
• Review to ensure each credit is properly risk rated based on the Bank’s risk rating system.
• Maintain and grow existing client relationships, cross-sell Bank’s other products and services.
• Accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments and annual reviews.
• Work with designated underwriter, loan assistants and other loan support staff to prepare the Credit Commitment Report (“CCR”).
• Review client’s accounts and portfolios to identify, evaluate and determine the appropriate course of action on potential credit quality issues.
• Ensure compliance with Bank, regulatory and credit requirements with emphasis on best-in-class customer service while adhering to required timeframes from the client.

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Long-term disability insurance
• Flexible spending accounts (FSAs)
• Health saving account (HSA) with company contributions
• Voluntary coverages
• 401(k)
• Discretionary bonus eligibility

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree