Commercial Loan Portfolio Manager I

Job Description

Job Description

Columbia Bank is a full-service consumer and commercial bank serving individuals, businesses, and communities across New Jersey, Staten Island, and Brooklyn. Through our banking, title, insurance, and wealth management businesses, we provide a broad range of financial solutions tailored to our customers’ needs. We are also committed to strengthening the communities we serve through employee volunteerism, community partnerships, and the Columbia Bank Foundation.

Why this Role Matters : The Commercial Loan Portfolio Manager I is responsible for all aspects of managing a portfolio of commercial loans. The incumbent interacts with customers to maintain and enhance business relationships. The Commercial Loan Portfolio Manager I works with Commercial Lenders in regard to all aspects of loan origination, portfolio management and follow up, including: information compilation and review, submission of loans to the Credit Department, covenant monitoring, renewals, extensions, interest rate modifications, file documentation, exception resolution, delinquencies, etc.

What You'll Deliver/Areas of Impact:

Portfolio Management

• Management of a Commercial loan portfolio.

• Works with a team of Commercial Lenders regarding Commercial portfolio maintenance activities including maturity monitoring, renewals, interest rate modifications and documentation collection.
• Reviews monthly maturity reports, requests updated financial information, and prepares extension memos, as required.
• Prepares Pre-Cams for all renewals and modifications and submits to underwriting.
• Provides support to Lenders to ensure that all information needed to place a loan into underwriting is received.
• Interacts with customers to maintain and enhance business relationships.
• Spreads financial statements, performs debt service calculations and pre-screens new loan requests and modifications alongside Lending Officer.

• Performs analysis of financial and related data for credit worthiness and merits of loan requests as well as periodic reviews of customer financials. 

• Reviews Credit Risk Review Reporting and Loan Documentation Exception reports, assists Lenders with clearing of exceptions.

• Acts as a liaison between the Credit, Lending, Risk and Loan Servicing Departments as well as customers during the collection, underwriting, approval, and servicing stages of the loan submission, as needed.

Covenants

• Regularly monitors, maintains, and updates their respective covenant tracking database.
• Determines if loan covenants are met and quickly escalates issues, as appropriate. 
• Follows up with borrowers for needed information, and notifies Lenders when information is not provided in a timely manner.
• Monitors monthly, quarterly, and annual reports to track periodic reporting assigned to any given loan relationship.

Monitoring and Recommendations

• Monitors’ delinquencies alongside Lending Officer.
• Along with commercial lenders, provides recommendations as to loan restructuring, implementing legal collection action, or referral of the loan to the Special Assets Department.

Industry Knowledge

• Maintains current knowledge of OCC Regulations, local and national economic, financial political and legislative trends. Determines the possible impact on commercial lending activities.
• Maintains the ability to train and develop new team members.

Other Responsibilities

• Performs other job-related duties as may be assigned.