About this opportunity
First Commerce Bank lists this Portfolio Manager II - $117192000 - $117192000 Yearly Salary opportunity in township of lakewood, New Jersey. Review the employer’s description below for duties, qualifications and application requirements.
Job description
Starting Salary $105,000.00 (Negotiable upon Experience) Basic Qualifications
Education/Training: 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 with a strong understanding of general credit and risk principles, mitigants, and banking policies/procedures.
Skill(s): Proficient in MS Office: Excel, Word, and Outlook. Excellent writing, grammar, and mathematics skills; excellent oral and written communication skills; strong organizational skills with the ability to proactively manage and prioritize workflow; A thorough knowledge of current lending and loan review regulations and banking regulations, procedures, and operations; proficient ability to analyze and interpret financial statements: businesses, CRE and personal.
Experience: A minimum of five (5) years' related experience required.
General Responsibilities
The Portfolio Manager II AVP 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 will also assist in achieving goals assigned to Commercial Lender as established in annual operating plan. Portfolios will consist of a mixture of CRE, C&I, Construction and SBA and range in dollar size from $150MM to $300+MM.
Essential Duties
Manage an assigned portfolio of commercial customers with some oversight by Commercial Loan Officer.
Maintains ongoing business relationships with present customers in order to provide a secondary Commercial Services contact and take advantage of additional cross-selling opportunities.
Provide support and oversight of reporting for portfolio management (delinquency, problem loans, exceptions, tickler tracking etc.) as designated by VP, Senior Portfolio Manager and or CCO/CLOCoordinate collection, track and perform review of financial statements, tax returns, conditions/covenants.Coordinate and prepare modifications/renewals/extensions.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, Senior Portfolio Manager, CCO and CLOPrepare, update, and maintain credit files, both paper and electronic.Prepare and 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 primary or secondary contact for customer support as deemed by Commercial Loan OfficerSupport Commercial Loan Officer with execution/collection of loan documents.Provide support for internal and external audits, loan review, compliance, and regulatory exams.Maintains a working knowledge of
Who can apply
Review the original listing for work authorization, qualifications and employer requirements.