AVP, Portfolio Manager

Description

Primary responsibility is to maintain the high quality of the Bank’s Commercial and Retail loan portfolios. This is done through the early recognition of deteriorating loan relationships and the rapid implementation of appropriate customer contact, loan restructuring and/or the implementation of exit strategies to control risk. This is a full-time position based in Stamford, CT.

• Manage and oversee loan portfolio for the CRE Team.
• Maintain oversight of all ongoing monitoring requirements and client deliverables as well as compliance with all terms of the loan agreement. Including but not limited to updating, tracking and following up with customers on financial covenants, real estate taxes and insurance due on a periodic basis.
• Liaise between Relationship Managers and the Credit Division to facilitate credit needs of customers, whether through modifications, extensions, or renewals.
• Provide sound analysis and recommendations on credit requests. Liaise with various parties to ensure approved credit requests/modifications are carried out in a timely manner.
• Prepare Credit Committee presentations and applications. 
• Execute and manage all portfolio monitoring tasks: dashboard report monitoring (maturities, past due), etc.
• Identify and communicate portfolio issues/areas of concern and implement control mechanisms to ensure portfolio health.
• Investigate and follow-up with customers and internal departments on reporting exceptions and aged/outstanding issues. Assist RMs with all customer-related requirements.
• Assist with annual reviews.
• Early identification of risk and potential risk rating changes.
• Perform other duties, as assigned, which fall within scope of responsibility.
• All employees are responsible for compliance with the Bank Secrecy Act and in some roles, OFAC regulations. Depending on your job responsibilities, more or less aspects of the regulations may apply, but at a minimum , all employees are responsible for reporting suspicious activity they identify in the course of performing their job duties. This includes activities conducted by customers, fellow employees, board members, and vendors. 

Requirements

• Strong quantitative/analytical skills including CRE underwriting, portfolio management, financial modeling, writing and attention to detail.
• Strong working knowledge of all functional areas that comprise CRE finance.
• Excellent communication skills (verbal and written) at all levels throughout the Bank, as well as borrowers, participating lenders and third-party vendors.
• Strong project management and organizational skills.
• In-depth knowledge of all CRE property types. 
• Maintain current knowledge of policy guidelines and bank compliance requirements (BSA/AML/OFAC and other regulations) and participate in training and policy initiatives as required.
• Technical Skills: Proficiency with MS Office products, Internet, and ability to research property status (taxes, violations, title, etc.)
• Must be highly analytical, prudent, and ability to work with all clients.
• Strong written and verbal communication skills.
• Strong ability to meet time sensitive deadlines in a fast-paced environment.
• Ability to work independently.

Experience

• 5 years of relevant Commercial Real Estate Finance Underwriting or portfolio management in a bank lending environment.
• Advanced analytical and problem-solving skills with prior commercial real estate lending experience, wide-ranging and in-depth knowledge of industry practices.
• Formal Credit training, relevant master’s degree or direct CRE experience is a plus.

Education

• Bachelors’ degree, Masters Preferred - finance or real estate majors highly encouraged.