What are the responsibilities and job description for the Business Officer NYC position at PGM Tek?
Summary/Objective:
- Support frontline departments to conduct the due diligence for the new business opportunities. Work closely with Account Officers and Credit department in order to provide any mitigation/ recommendation for the proposal and close business deals successfully in a timely manner.
- Assist frontline departments with financial analysis for both existing and potential customers in preparation of credit proposal and annual review.
Essential Functions:
- Follow-through with front-line department, credit department and loan operation department through all phases of the underwriting process.
- Maintain customer relationship and provide good services.
- Analyze borrower/guarantor financial information including tax return, rent roll, etc. to determine the property’s debt carrying ability and the borrower’s capacity to repay.
- Full knowledge in commercial real estate mortgage (CRE), small business lending product (include but not limited to C&I, LOC, and etc.), and financial institution (FI) evaluation.
- Spread and analyze personal and corporate financial statements, and prepare credit proposal.
- Prepare various weekly/monthly reports for management, or other departments.
- Participate in special projects as required.
- Ability to adapt to a changing environment and handle multiple priorities
- Excellent writing and analytical skills
- Perform administrative responsibilities including taking notes during meetings, preparing correspondence, and managing files
- Performs other duties as assigned.
- Collect business and credit information and references
- Coordinate with attorneys and frontline officers to prepare loan closings
Competencies:
In order to perform the job successfully, an individual should demonstrate the following competencies:
- Quality Management – demonstrates accuracy and thoroughness.
- Time management - manage multiple priorities, and complete the assignments on schedule.
- Customer service – responds promptly to customer needs and meets commitments.
- Oral communication – communicate with customers and branch employees effectively and clearly.
- Analytical - Collects and researches data; Uses intuition and experience to complement data.
- Problem Solving - Identifies and resolves problems in a timely manner; Gathers and analyzes information skillfully; Develops alternative solutions; Uses reason even when dealing with emotional topics.
- Written Communication - Writes clearly and informatively; Able to read and interpret written information.
- Ability to perform services in person from a Bank office or branch to, among other things, access the Bank’s computer systems and engage in an interactive environment with co-workers.
Supervisory Responsibility: None
Physical Demands:
This is largely a sedentary role, requiring use of typical office equipment such as a computer, laptop and cell phone. Work is completed in person in an office environment. Walking around the office and discussing with employees and supervisors is also required.
Appropriate reasonable accommodations that do not cause an undue hardship will be made to enable qualifying individuals with disabilities to perform the essential functions of the job.
Travel Requirements:
Regular site visit in New York Metropolitan area for existing portfolio is required. Others as needed.
Required Education and Experience:
Bachelor's degree (B. A. or B. S.) with Accounting or Finance major preferred from four-year college or university. MBA/MS degree preferred. At least 3 years related experience and/or training; or equivalent combination of education and experience.
Additional Qualifications:
An individual should have knowledge of spreadsheet software, word processing software and power point software.
Language/Communication Skills:
Able to read and interpret documents such as operations policy and procedures. Able to write routine reports and correspondence in Chinese and English. Fluency in Cantonese/Mandarin and English.
Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. duties, responsibilities and activities may change at any time with or without notice. It is understood and agreed that the employee may be required to perform additional duties as assigned by the employee’s supervisor or Manager.
Risk Management Responsibilities:
- Owns the risks they take and are responsible and accountable for ongoing management of risks, including the identifying, measuring, monitoring, assessing (self-assessment) and reporting risk exposure proactively to senior management.