What are the responsibilities and job description for the Commercial Real Estate Portfolio Manager position at BankPlus?
General Position Scope:
The Commercial Real Estate Portfolio Manager I is responsible for evaluating and preparing commercial real estate loan packages in a timely manner while adhering to bank standards and loan policies. The CRE Portfolio Manager will work with a credit officer, if applicable, and Commercial Real Estate Lenders to meet client and bank expectations.
Duties and Responsibilities:
- The Commercial Real Estate Portfolio Manager I will learn to underwrite loan requests which include new loans, amendments, extensions, modifications and renewals.
- Works with lender to analyze financial information and produce a cash flow worksheet.
- Responsible for performing and reviewing financial analyses.
- Analyze financial statements, industry and market data and prepare credit approval package that clearly outlines and expresses an independent opinion on key considerations in the credit decision.
- Orders financial spreads, global cash flow analysis, appraisals, evaluations, and environmentals.
- Work with Lender in evaluating the general contractor and property management company, if applicable.
- Along with lender, review draw requests, title endorsements and coordinates property inspection and certification of draw by an independent inspector.
- Responsible for working with lender and customer, including accompanying lender with customer calls and collect financial information.
- Track and resolve document exceptions related to closing and all ongoing exceptions.
- Test project performance against original underwriting and appraisal projections upon receipt of required reporting information.
- Perform annual, quarterly, or more frequent reviews to assess project performance via covenant testing, if applicable, and risks associated with the project, borrower, and guarantors.
- Work with CRE Lenders in obtaining and reviewing construction loan documentation in relation to Borrower draw requests.
- Pull credit reports.
- Works with lender to produce term sheets and commitment letters.
- Works with lender in entering information in nCino and submitting loan packages for approval.
- Gather all appropriate documentation such as Leases, other special conditions, etc.
- Review all loan documents prior to and post-closing to ensure accuracy and completion in accordance with loan approval.
- Remain informed of current economic and legislation conditions.
- Serve in civic, community and industry related activities, as needed.
- Remain current on FDIC, OCC, and State Banking Regulations.
- Maintains a thorough knowledge of Bank products, services, policies, procedures and appropriate regulatory issues as related to daily job functions, including but not limited to: Bank Secrecy Act; Privacy Act; Fair Lending Act; Regulation E, etc. Completes required compliance training and adheres to the Bank’s standard of conduct.
- Participates in the bank’s High-Performance Rewards Connections program.
- Makes referrals to the Mortgage Center and Wealth Management.
- Performs other duties as requested.
Position Requirements:
- Bachelor’s degree in Business Administration, Finance, Accounting or a closely related field
- Minimum 2 years’ credit analysis experience and working with CRE Underwriters and Lenders or a Master’s degree in Business Administration, Finance, Accounting or a closely related field
- Experience assisting CRE Lenders with high dollar credit amounts
- Knowledge of commercial and retail lending services, documentation, underwriting, regulatory guidelines, financial ratios, credit analysis, and lending duties is required
- Able to interpret and analyze personal and business tax returns/financial statements
- Ability to calculate complicated financial ratios and apply accordingly
- Excellent communication skills both orally and in writing, read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations
- Ability to write reports and business correspondence
- General computer and typing experience with Microsoft Office Suite, to include Excel, Word, and Outlook
- Must possess attention to detail
- Work outside of regular business hours, as deemed necessary
- Ability to handle multiple tasks with daily deadlines.