AT, Portfolio Manager I

First Commerce Bank - Lakewood Township, NJ

Full-time - Mid Level

Lakewood Township, NJ

Credit Intermediation and Related Activities

About the position

The Portfolio Manager will support the rapid growth generated by the Commercial Banking team. In this role, you will be assigned a Commercial Lender and portfolio to analyze and maintain. You may also assist in achieving goals assigned to the Commercial Lender as established in the annual operating plan. Portfolios will consist of a mixture of Commercial Real Estate (CRE), Commercial & Industrial (C&I), Construction, and Small Business Administration (SBA) loans, ranging in dollar size from $70MM to $300+MM.

Responsibilities

• Manage an assigned portfolio of commercial customers in partnership with a Commercial Loan Officer.
• Provide support and oversight of reporting for portfolio management (delinquency, problem loans, exceptions, tickler tracking etc.) as designated by VP Credit Administration and/or CCO/CLO.
• Coordinate collection, track and perform review of financial statements, tax returns, conditions/covenants.
• Coordinate/assist Credit Administration with modifications/renewals/extensions within portfolio as determined by VP Credit Administration.
• Monitor assigned portfolio for early warning signs of financial weakness or other risks, and work with Commercial Loan Officer to develop an appropriate plan to discuss with VP, Credit Administration, CCO and CLO.
• Prepare credit packages for renewals and new loan requests.
• Prepare, update, and maintain credit files, both paper and electronic.
• Underwrite new complex commercial loan transactions and/or requests for significant relationships in assigned portfolio.
• Provide credit recommendations to the appropriate level of credit administration.
• Serve as secondary contact for customer support as deemed by Commercial Loan Officer.
• Support Commercial Loan Officer with execution/collection of loan documents.
• Provide support for internal and external audits, loan review, compliance, and regulatory exams.
• Maintain a working knowledge of Bank operating policies and procedures which impact commercial services.
• Assist in achieving goals assigned to Commercial Lenders as part of the assigned department's annual operating plan.
• Abide by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
• Cooperate with, participate in, and support the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements.
• Coordinate specific work tasks with other personnel within the department as well as with other departments in order to ensure the smooth and efficient flow of information.
• Communicate with management and staff personnel in order to integrate goals and activities.
• Respond to inquiries relating to his/her particular area, or to requests from other Bank personnel, customers, etc., within given time frames and within established policy.

Requirements

• Minimum of three (3) years related experience
• Bachelor's degree in business, accounting, finance, economics, or related field of study required
• Formal credit training in CRE/C&I and Personal Cash Flow Analysis is preferred
• A strong understanding of general credit and risk principles, mitigants, and banking policies/procedures
• Excellent in reading, writing, grammar, mathematics skills, & communications skills
• Strong organization skills and ability to proactively manage & prioritize workflow
• Proficient in PC skills (Microsoft Office: Excel, Word, & Outlook)
• Thorough knowledge of current lending and loan review regulations, banking regulations, procedures, and operations
• Ability to analyze and interpret financial statements: businesses, CRE and personal.

Nice-to-haves

• Formal credit training in CRE/C&I and Personal Cash Flow Analysis is preferred

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life Insurance (employer paid)
• 401(K) matching
• PTO (Paid Time Off)
• Paid Federal Bank holidays
• LTD insurance (employer paid)
• Flexible spending account
• Health savings account (employer contribution)
• LifeMart (employee discount program)