Position SummaryResponsible for helping to manage the Commercial & SBA loan portfolio as assigned. Perform loan reviews on the existing portfolio to reaffirm risk ratings, and upgrade/downgrade when applicable, and ensure borrowers are in compliance with covenants. In addition, will be required to occasionally contact borrowers, conduct site visits and customer meetings, and work with the credit team and loan officers to resolve customer problems. Also assist team with various Board and executive management reports.
Essential Functions- Conduct regular loan monitoring reviews.
- Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.
- Evaluate borrower/sponsor financial statements, rent rolls, project status reports, and overall credit condition.
- Coordinate site visits and prepare site visit reports in accordance with Credit policies and procedures.
- Assist the Portfolio Management Team with reporting on the overall portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.
- Maintain accurate loan risk ratings by analyzing loan performance and preparing annual reviews.
- Ensure compliance with the Bank's Credit Policy and regulatory standards.
- Serve as the loan-level expert for a portfolio of complex construction, permanent, and/or C&I loans.
- Maintain a high degree of professionalism in post-closing relationships with borrowers to encourage repeat business.
- Complete site visits, covenants, and annual reviews in a timely manner.
- Maintain reporting information on relevant tracking systems for accurate reporting.
- Participate in meetings, trainings, and special projects as assigned by management.
- Work on miscellaneous projects related to credit functions or across the bank as needed.
- Assist loan officers with Abrigo tickler maintenance, covenant tracking and financial statement retention.
- Follow up with loan officers to obtain updated financial information including business and personal tax returns and personal financial statements.
- Assist borrowers and loan officers in modifying loans as needed for payment modifications, loan restructuring, collateral release, etc..
- Draft memos for any substantial changes in a borrower's financial stability or ownership structure.
- Keep informed of industry changes, trends, and best practices.
Job Requirements and Qualifications- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal skills.
- Ability to manage multiple tasks and meet deadlines.
- Proficiency in financial reporting and risk management.
- In-depth understanding of credit analysis, due diligence, and loan documentation.
- Knowledge of bank structures, products, procedures, and the economic environment.
- Understanding of regulatory standards and compliance requirements.
Education and Experience- Bachelor's degree in Finance, Business Administration, or related field.
- Minimum of 5-8 years of experience in portfolio management, preferably within a community bank or similar financial institution.
- Proven track record in managing complex loan portfolios, including real estate-based and business lending.
Licenses and CertificationsKnowledge, Skills, and Abilities- Experience in real estate-based and business lending, including credit analysis, due diligence, and loan documentation.
- Strong analytical skills and attention to detail.
- Excellent communication and interpersonal skills.
- Ability to manage multiple tasks and meet deadlines.
- Proficiency in financial reporting and risk management.
- Experience with Abrigo (aka Sageworks) desired.
- Ability to work independently with little supervision.
Physical Requirements- Ability to sit for long periods of time up to 75% of work hours.
- Ability to travel within Unity Bank's lending footprint to perform site visits
- Ability to use hands to grasp, handle or feel.
- Ability to use computer keyboard and system to enter data and process information.
- Ability to use telephone to communicate with customers and employees.
- Ability to use office equipment such as teller scanner, personal computer, telephone, mobile device, copier,
Working Conditions- Moderate sound as in business office with office machines, computers, and people traffic.
- Open floor work environment.
Compliance- It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.
This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.
