Our client located in Midtown is looking for a Portfolio Manager to join their team!

Pay: $100k - $120k

In Office/Hybrid Opportunity

Medical, Dental, 401k

The portfolio manager is responsible for working the Bank’s commercial loan portfolio to manage loan renewals, loan extensions, collection of financial statements, credit underwriting, loan structuring and exception monitoring.

Responsibilities:

• Conduct appropriate financial analysis and research to underwrite new loan renewals, extensions, and modifications. Analyze and structure the renewal proposals and complete the underwriting and evaluation process.
• Ensure all required documentation is collected and maintained as required by existing policy.
• Conduct thorough annual reviews of current portfolio clients including review of financials, site visits, and assessment of general business information and other factors that would be indicators of risk.
• In partnership with the Lending Team, establish and maintain relationships with current and prospective customers.
• Ensure loan terms and conditions adhere to established credit policy. Ensure compliance with applicable federal, state, and local laws and regulations, agency guidelines and organization policies.
• Proactively manages credit risk to detect issues withing the portfolio- either loan based or industry wide.
• Provide timely and accurate reporting to senior management.
• Work with outside vendors and professionals to remedy situations as needed.
• Perform/create and analyze corporate and financial spreads.
• Assist in preparation of various reports and submissions to management.
• Other duties as assigned.

Qualifications:

Education: Bachelor's Degree from an accredited 4-year college or university or equivalent work experience

Work Experience: 5 years of experience in a commercial lending environment with proven experience in credit evaluation, portfolio risk assessment and/or special assets.