Portfolio Manager Jobs

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Commercial Loan Portfolio Manager I

Columbia Bank•Rahway, NJ
•Hybrid
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About The Position

The Commercial Loan Portfolio Manager I manages all aspects of a portfolio of commercial loans and interacts with customers to maintain and enhance business relationships. The role works with Commercial Lenders on loan origination, portfolio management, and follow-up, including compiling and reviewing information, submitting loans to the Credit Department, monitoring covenants, handling renewals and extensions, processing interest rate modifications, maintaining file documentation, resolving exceptions, and addressing delinquencies. The position manages portfolio maintenance activities such as monitoring maturities, requesting updated financial information, preparing extension memos, and preparing pre-cams for renewals and modifications for underwriting. It supports lenders by obtaining information needed for underwriting, spreads financial statements, calculates debt service, pre-screens loan requests and modifications, and assesses creditworthiness and loan merits. It also reviews credit risk and loan documentation exception reports and coordinates with Credit, Lending, Risk, Loan Servicing, and customers throughout collection, underwriting, approval, and servicing. The role maintains covenant tracking records, determines whether covenants are met, follows up with borrowers for information, escalates issues, and monitors periodic financial reporting. Alongside Lending Officers and Commercial Lenders, it monitors delinquencies and recommends loan restructuring, legal collection action, or referral to Special Assets. The position maintains knowledge of OCC regulations and economic, financial, political, and legislative trends affecting commercial lending, and may train and develop new team members. Other job-related duties may be assigned. The position currently follows a hybrid schedule of three in-office days and two remote days per week. Effective January 4, 2027, the schedule will transition to four in-office days and one remote day per week. Arrangements are subject to business needs and may change.

Requirements

  • Bachelor’s degree in Finance, Accounting, Management, or a related field.
  • 3–5 years of related Commercial Banking and/or Commercial Credit experience.
  • Effective written and verbal communication skills, internally and externally.
  • Considerable attention to detail.
  • Formal credit training and strong credit risk assessment skills.
  • Organizational skills.
  • Ability to develop constructive and cooperative relationships.
  • Skill with Microsoft Office applications, including Excel and Word.
  • Working knowledge of covenant tracking systems.
  • Experience preparing audit supporting documents.
  • Experience with general ledger reconciliations in compliance with FDCIA and Sarbanes-Oxley.
  • Experience supporting or responding to internal and external audit requests.
  • Understanding of US GAAP, banking regulations, and accounting principles.
  • Proficiency in Microsoft Excel.
  • Experience working with core banking systems and general ledger platforms.

Responsibilities

  • Manage a portfolio of commercial loans and support portfolio maintenance activities with Commercial Lenders.
  • Monitor loan maturities, request updated financial information, prepare extension memos, and handle renewals, extensions, and interest rate modifications.
  • Prepare pre-cams for renewals and modifications and submit them to underwriting; support lenders in obtaining information required for underwriting.
  • Spread financial statements, calculate debt service, pre-screen loan requests and modifications, and analyze financial information for creditworthiness and loan merits.
  • Review credit risk and loan documentation exception reports and assist lenders in clearing exceptions.
  • Coordinate with Credit, Lending, Risk, Loan Servicing, and customers during collection, underwriting, approval, and servicing.
  • Maintain and update covenant tracking records, determine whether covenants are met, follow up with borrowers for information, and escalate issues as appropriate.
  • Monitor monthly, quarterly, and annual reporting requirements for loan relationships.
  • Monitor delinquencies alongside Lending Officers and provide recommendations regarding restructuring, legal collection action, or referral to Special Assets.
  • Maintain current knowledge of OCC regulations and economic, financial, political, and legislative trends that may affect commercial lending.
  • Train and develop new team members.
  • Perform other job-related duties as assigned.

Benefits

  • Healthcare choice
  • Retirement savings with company support
  • Employee ownership
  • Wellness resources
  • Education and student loan programs
  • Paid time off
  • Financial protection

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What This Job Offers

Job Type

Full-time

Career Level

Entry Level

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Based on current job postings on Teal, the average Portfolio Manager salary in the US is approximately $130,000 per year, with a typical range of $68,000 to $225,000.

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