Commercial Real Estate Portfolio Director

Job Description

The Director works with the portfolio management team to ensure the portfolio of loans and investments are being closely monitored and all portfolio management actions are being undertaken as required. This portfolio management team will monitor loan performance, identify potential issues, and minimize the risk of loss for the Bank. The Director also contributes to portfolio reporting requirements to ensure accurate and timely portfolio reports are prepared. This role is also responsible for the Commercial Real Estate Finance operations to ensure that all operational aspects have an owner who is engaged and effective in their role.

RESPONSIBILITIES

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• Manage the Portfolio Management team as the individual portfolio manager performs the following functions
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• Monitor operating performance, financial condition, and credit risk for assigned loans
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• Proactively identifies issues and recommends or resolves issues in a timely and effective manner
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• Act as a primary daily point of contact with assigned borrowers to establish a working relationship, understand the performance of the underlying property, ensure compliance with loan agreements and be engaged with the Borrower in anticipating future issues and needs
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• Oversee borrower funding requests are fulfilled. For construction projects, work with the Construction monitoring group to approve draws
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• Ensure loan documentation and credit files for assigned loans are updated and maintained in a timely fashion in the Bank's internal document retention system, in compliance with internal procedures and banking guidelines
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• Manage the workouts of sub-performing or nonperforming loan
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• Prosecute parallel path executions aggressively to reach a consensual resolution or foreclosure of the collateral
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• Manage the activity of the REO asset and engage to liquidate the asset in a timely manner
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• Own the following processes and procedures
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• Loan Modifications and Approvals
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• Loan Maturities
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• Criticized Loans
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QUALIFICATIONS

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• Bachelor's Degree required
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• 10+ years of lending, credit risk management or portfolio management experience with a commercial finance company or bank required
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• Comfortable with quickly raising potential, material issues and negative trend to the Specialty Lending management team as soon as identified
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• Willingness to learn how to read and interpret loan and legal documentation
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• Exceptional attitude and commitment to teamwork
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• Strong quantitative analytical skills, with a willingness to learn analysis techniques and methods
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• Understanding of accounting and finance matters with a willingness to learn additional topics relevant to Specialty Finance
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• Travel: 20% Travel to clients and internal portfolio meetings required as needed (1-2 multi-day trip a month)
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