Portfolio Manager

*Hybrid Position*

The primary responsibilities of the PM are to properly evaluate existing and prospective credit relationships by working closely with the Relationship Managers and Team Leader and providing training and oversight to the credit analyst team. In addition to this, the PM will be an integral part of the Real Estate Finance team along with the RM and AA in maintaining a hands-on on-going relationship with credit customers.

JOB DUTIES AND RESPONSIBILITIES:

• Positions themselves as a value-added resource for all assigned commercial real estate finance relationships, acting as a liaison between clients, RMs, retail offices, cash management, loan accounting and commercial call center.
• Maintains in-depth knowledge of loan products, services, Firstrust’s credit policies and procedures to ensure legal and regulatory compliance and sound credit decisions along with proper and timely customer service.
• With oversight from the RM, the PM will analyze structure, recommend, and submit loans for approval to appropriate approving authority or loan committee. Analysis will include preparation of credit memo, specifically, working closely with the Team Leader/RM in the review of financial information submitted, particularly in the sensitizing of financial projections for new loan requests, renewals, and credit reviews.
• Interact with customers and their accountants in the credit analysis process.
• Review draft documents prepared by Loan Documentation (when using Laser Pro) or outside counsel for proper representation of credit approval, and when necessary, negotiate changes to the credit approval with both the approving authority and the client/prospect.
• As necessary represent the RM at settlements.
• Monitors construction loans, lines of credit, permanent real estate loans and other outstanding credit facilities to ensure complete conformity with financial covenants/reporting requirements for the purpose of determining if the current risk rating is still appropriate.
• Maintains, monitors, and updates the database on the receipt and tracking of Financial Statements and Other Required Information (i.e., financial statements-annually, semi-annually, quarterly, tax returns, personal financial statements, Cash Flow Schedules, Portfolio Valuations, etc.).
• Tracking and clearing of exceptions (i.e., documentation, insurance, credit, etc.) for all assigned commercial relationships.
• Maintains a high standard of credit quality for all assigned commercial relationships and participates in the portfolio review process with RMs.
• Work in collaborative fashion with RM and Commercial Loan Documentation to ensure that all loan packages submitted for documentation contain the necessary and required information to expedite the process and minimize exceptions.
• Conduct post-closing audit/review of executed loan packages.

PHYSICAL AND SENSORY REQUIREMENTS:

• Prolonged periods sitting at a desk and working on a computer.

EDUCATION, TRAINING AND EXPERIENCE:

• Minimum of a bachelor’s degree in finance, Accounting, or related field preferred
• Three to five years’ Commercial Real Estate Lending experience.
• Condominium/Homeowners Association preferred
• Solid knowledge of commercial real estate lending practices, compliance issues, and underwriting skills.
• Strong interpersonal skills and good oral and written communication skills
• Ability to interface with internal and external customers on a daily basis
• Intermediate proficiency in the Microsoft Office (Word, Excel and Outlook)