Portfolio Manager

• Perform timely financial analysis/underwriting for renewals, annual reviews, and modifications (extensions, waivers, amendments, etc.) by effectively weighing IDBNY’s credit policies and understanding of desired risk profile
• Proactively monitor the portfolio for indicators of stress/risk such as failed covenants, downward financial statement trends, payment schedule interruptions, collateral devaluation, etc.
• Keep RMs informed of any issues with credit or portfolio risk
• Identify and inform RM of cross-sell, referral and credit expansion opportunities
• Ensure thorough and on-time collection of financial statements, rent rolls, and other required reporting requirements to allow for timely completion of End of Month (EOM) reports required for portfolio management
• Support RMs in providing top client service in-line with the bank’s expected high standards, including direct contact with clients and prospects as generated by the RM.
• Remain well informed on all client matters to minimize risk
• Complete the annual review of credits
• Remain fully compliant on all client matters
• Achieve all individual goals and contribute to all team goals
• Develop positive working relationships with all segments and individual bank partners
• Complete all required training timel
• Conduct oneself as a true brand ambassador for the bank
• Client interactions as needed by RM.

#LI-Hybrid

Requirements

• Portfolio Manager needs to have strong credit and organizational skills as well as solid understanding of commercial real estate credit facilities (bridge loans, term loans, construction loans, lines of credit, other commercial mortgage types, etc.) with loan sizes varying from $5MM to $50MM
• Minimum experience of 2 - 5 years in commercial loan portfolio management/underwriting or another relevant area required
• Must be able to work as part of the Middle Office team working together with Direct Manager, Account Officers and Group Manager
• Willingness to take on special projects as they arise.
• Should already be familiar with bank reports, systems and processes
• Should possess strong communication skills (verbal and written)
• Ability to work in a collaborative environment and while meeting tight deadlines
• Bachelor's degree in a related field required
• Experience in Commercial Real Estate underwriting
• Experience in C&I underwriting and monitoring
• Experience in Seniors Housing underwriting and monitoring

Compensation

The expected annual salary for this position is between $90,000 and $1100,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.