What are the responsibilities and job description for the Commercial Real Estate Portfolio Manager position at Desert Financial Credit Union?
The Commercial Real Estate Portfolio Manager is responsible for assisting loan officers in the portfolio management activities (generally Commercial Real Estate loans greater than $1,000,000). The Portfolio Manager manages an assigned credit portfolio, completes covenant and other monitoring requirements, and manages the associated credit risk. The Portfolio Manager facilitates a comprehensive credit analysis that evaluates the existing facilities in the portfolio.
What you will do here:
Portfolio Management: Actively manages a large diverse loan portfolio with borrowers located throughout the credit union’s trade area. Duties include but are not limited to annual reviews, covenant testing, site visits, manage maturities and delinquencies, identify changes in loan grading, if needed develop loss mitigation or asset recovery plans, retain current relationships, and identify additional business and business owner relationship enhancement opportunities.
Underwriting: Perform credit underwriting duties for existing/prospective member relationships, which may include but are not limited to the following perform detailed credit analysis to determine borrower/guarantor repayment capacity, appropriate loan structuring recommendations, complete credit packages for credit committee approval (annual reviews/new business/renewals) submission. Preparation of underwriting documents will also include collateral analysis on multiple asset classes and preparation of pricing and risk rating models suitable for each credit request.
Compliance: Continuously monitor covenant compliance with regular reporting requirements to loan officers and loan/credit monitoring and credit review. Establish protocols and maintain tracking of documentation exceptions, past dues, field exams, borrowing base reports and covenant exceptions.
Provide recurring customer service to existing members, which includes direct contact with customers either through participation in joint sales calls with loan officers or direct correspondence with clients and perform various projects/tasks as needed,
Perform other job-related duties as assigned.
What you will need:
Bachelor's degree in Business, Accounting, or Finance; or equivalent combination of education and experience required.
5 years of Credit/Portfolio Management and Administration experience required.
5 years of experience in Commercial Loan Underwriting, both Commercial Real Estate and Commercial & Industrial (C&I) loans required.
Ability to manage available time to perform job functions as necessary; Strong negotiation skills; Clear and professional written and verbal communication skills appropriate to all levels of the organization required.
Demonstrates strong customer-focus; builds collaborative relationships with internal customers and external members and vendors required.
Strong written and verbal communication skills, presentation skills, planning skills, analytical skills, and problem solving skills required.
Able to multi-task and excel under intense deadline pressure in a rapidly changing environment required.
Knowledge of Federal/State and Credit Union regulations required.
Ability to think critically and work well independently and as part of a team required.
Must have a full understanding of credit and loan documentation policy required.
Microsoft Office Suite required.
We are proud to be an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
For additional information about our organization, careers, and benefits visit: http://www.desertfinancial.com/careers.
Salary : $1,000,000