Commercial Real Estate Portfolio Manager

Commercial Real Estate Portfolio Manager

Small Business Lending, LLC. is looking to add a Commercial Real Estate Portfolio Manager to its team.

The Commercial Real Estate (CRE) Portfolio Manager is responsible for managing a portfolio of existing commercial real estate banking relationships while underwriting new commercial real estate loan requests. This position is accountable for prudent underwriting and effective credit and risk administration, with a strong emphasis on adherence to the Bank's credit policies and procedures, regulatory requirements, financial analysis, risk assessment, covenant monitoring, and ongoing portfolio maintenance.

Essential Functions & Responsibilities:

• Manage a portfolio of commercial real estate loan relationships, ensuring strong portfolio performance and asset quality.
• Underwrite new commercial real estate credit requests, including new loan originations, renewals, modifications, extensions, and refinancing opportunities.
• Assess the creditworthiness of existing and prospective borrowers through comprehensive analysis of:
• Prepare detailed credit memoranda, annual relationship reviews, and risk rating recommendations in accordance with Bank policy.
• Monitor portfolio performance by tracking loan maturities, past due credits, covenant compliance, financial reporting requirements, and other credit administration responsibilities.
• Request, review, and analyze borrower financial statements, tax returns, rent rolls, operating statements, appraisals, environmental reports, and other third-party due diligence reports.
• Ensure compliance with internal credit policies, lending guidelines, and applicable federal and state banking regulations.
• Identify emerging credit issues and proactively communicate concerns to management while recommending appropriate action plans to mitigate risk and potential losses.
• Partner with Relationship Managers, Credit Administration, Loan Operations, and other internal stakeholders to ensure timely servicing and ongoing management of the portfolio.
• Maintain accurate loan files and ensure documentation supports sound credit decisions.
• Stay current on commercial real estate market trends, economic conditions, and regulatory developments that may impact the portfolio.

Knowledge, Skills and Abilities:

• Minimum of five (5) years of commercial real estate and/or commercial & industrial (CRE/C&I) underwriting experience.
• Minimum of four (4) years of commercial real estate and/or C&I portfolio management experience within a banking environment.
• Experience managing a commercial real estate portfolio in the New York City metropolitan market is strongly preferred.
• Strong knowledge of commercial real estate lending, underwriting principles, and credit risk management.
• Thorough understanding of commercial real estate markets, property types, market dynamics, and industry trends.
• Working knowledge of commercial banking regulations, credit policies, and loan documentation.
• Strong financial analysis, credit underwriting, and cash flow modeling skills.
• Excellent analytical, organizational, and problem-solving abilities with exceptional attention to detail.
• Effective written and verbal communication skills with the ability to clearly present credit recommendations and risk assessments.
• Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment.
• Self-motivated with the ability to work independently while exercising sound judgment and decision-making.

Education and Certification Requirements:

Bachelor's degree in Finance, Accounting, Real Estate, Economics, Mathematics, or a related field is required.

Salary Range: $110,000-$140,000 per year

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.