Idb[Zsedm] - Los Angeles, CA
posted 3 months ago
For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive. As a Portfolio Manager, you will perform timely financial analysis and underwriting for renewals, annual reviews, and modifications by effectively weighing IDBNY's credit policies and understanding the desired risk profile. You will proactively monitor the portfolio for indicators of stress or risk, such as failed covenants, downward financial statement trends, payment schedule interruptions, and collateral devaluation. Keeping Relationship Managers (RMs) informed of any issues with credit or portfolio risk is crucial, as is identifying and informing RMs of cross-sell, referral, and credit expansion opportunities. Your role will also involve ensuring thorough and on-time collection of financial statements, rent rolls, and other required reporting to allow for timely completion of End of Month (EOM) reports required for portfolio management. Supporting RMs in providing top client service in line with the bank's expected high standards, including direct contact with clients and prospects, is essential. You will remain well-informed on all client matters to minimize risk and complete the annual review of credits while achieving all individual and team goals. Developing positive working relationships with all segments and individual bank partners is key to your success in this role.