Position Summary:The Portfolio Associate will assist in the management of a growing commercial real estate loan portfolio. The qualified candidate is expected to materially contribute to the continued high growth and oversight of the commercial real estate portfolio. The real estate loan portfolio consists of various asset classes located throughout the U.S. The Portfolio Associate is expected to handle multiple tasks and assignments, as detailed below and work as a valuable CRE team player.
Standard 4-day in-office requirement, 1 day remote (of your choosing and subject to manager's approval)
Essential Functions & Responsibilities - Engage in daily dialogue with Commercial Lenders (CLs) and Portfolio Manager (PM) regarding the ongoing management of a high growth, commercial real estate portfolio.
- Maintain ongoing proactive oversight of the assigned portfolio, identifying upcoming maturities, renewal opportunities, loan payment issues, and other risk factors to facilitate timely resolution and risk mitigation.
- Complete loan analysis, including the review of financial statements, rent rolls, property cash flow, and analysis of the credit condition of sponsor/guarantor.
- Track and test loan covenants to identify improving or deteriorating credit quality and/or property related concerns for review and approval of PM.
- Complete loan analysis and prepare Memos for review by PM and RM.
- Maturity extensions, Built-in extensions, Loan Modifications and Waivers
- In coordination and with guidance of the PM, complete financial analysis, including underwriting, sponsor/guarantor analysis, and risk rating review for Watchlist and Criticized loans presented quarterly to the Bank's ARG Committee.
- Discuss analysis and potential risk rating recommendation for those loans that may qualify to be removed from the Watchlist/Criticized List.
- Assist PM with analysis of the Bank's Transitional Loan portfolio, including property performance updates, status of reporting requirements, and annual reviews.
- Assist the Team with gathering financial information and coordinating various aspects of Bank audits conducted throughout the year. Maintain ongoing communication with PM to resolve potential concerns and issues related to the audits. Coordinate financial reporting, primarily managed by the Portfolio Associate, as well as the review of loan covenants.
- Assist the CRE Team in tracking financial reporting and loan covenants, on an ongoing basis.
Qualifications & Skills:- Bachelor's degree in related field
- A minimum of 3+ years of direct real estate experience
- Knowledge of banking products, policies, and procedures
- Excellent interpersonal and communication skills
- Driven by a passion and curiosity to continuously learn how various technological systems, including AI, can enhance the work that you do.
Potential Salary: $85,000 - $105,000 annuallyThis salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.
