Junior Portfolio Manager (C&I)

$70,000 - $80,000/Yr

Metropolitan Commercial Bank (New York) - New York, NY

Full-time - Entry Level

New York, NY

Management of Companies and Enterprises

About the position

The Commercial & Industrial Portfolio Manager at Metropolitan Commercial Bank plays a crucial role in supporting the bank's initiatives and maintaining strong relationships with existing clients. This position requires a collaborative approach, working closely with team members to ensure that all client requests are handled efficiently and effectively. The Portfolio Manager will serve as a primary point of contact for clients, managing requests such as processing line draws and pay-downs, as well as providing necessary bank and loan statements. Additionally, the role involves collecting essential reporting from clients, including financial statements and borrowing bases, to ensure compliance and facilitate smooth operations. In terms of program loans, the Portfolio Manager will support program finance relationships by overseeing individual and batch funding, processing satisfactions of liens, and monitoring collateral while tracking titles. It is essential to maintain all required documentation for each funding as outlined in the approval process. The role also requires proficiency in using Baker Hill, where the Portfolio Manager will ensure that all customer relationships are accurately recorded, including reporting requirements and other pertinent information. This includes running reports on past due maturities, upcoming maturities, and loan assignments, as well as inputting ticklers and tracking items in Baker Hill to match them with loan approvals or term sheets. The Portfolio Manager will also be involved in identifying new opportunities by collaborating with lenders to analyze potential loans. This includes reviewing financials, assisting with structuring loans, and preparing term sheets. The role requires ordering and analyzing third-party reports, such as appraisals and environmental assessments, and working cohesively with various departments throughout the loan process to achieve meaningful results. This includes liaising with the credit department for approvals, coordinating with outside legal for closing, and collaborating with the deposit group to open bank accounts and loan operations to book and fund loans.

Responsibilities

• Serve as a point of contact for existing client requests, including processing line draws and pay-downs.
• Collect all required reporting from clients, including financial statements and borrowing bases.
• Support program finance relationships by funding individual and batch funding, processing satisfactions of liens, and monitoring collateral.
• Maintain all required documentation for each funding as outlined in the approval.
• Ensure all customers and relationships live in Baker Hill, including reporting requirements as outlined in the approval.
• Run reports on past due maturities, upcoming maturities, loan assignments in credit, and current stages of each loan.
• Input ticklers and tracking items in Baker Hill by matching tracking items to loan approvals or term sheets.
• Work in tandem with lenders to analyze opportunities by reviewing financials and assisting with structuring loans.
• Order and analyze third-party reports including appraisals, environmental reports, and collateral field exams.
• Work cohesively with other departments throughout the loan process to produce meaningful results.

Requirements

• Bachelor's degree in a related field.
• A minimum of 2+ years of related experience.
• Knowledge of banking products, policies, and procedures.
• Excellent interpersonal and communication skills.
• Ability to perform quality work within determined timeframes.
• Professional interaction with employees, customers, vendors, and shareholders.
• Ability to work independently while coordinating with other employees and departments.
• Capability to handle ad-hoc tasks, assignments, and projects as needed.

Benefits

• Equal employment opportunities without discrimination or harassment.
• Potential salary range of $70,000 - $80,000 annually.