Portfolio Manager

6 days ago

Aventura, United States IDB Full time
Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we've enjoyed fundamentally comes down to our people. Here at IDB, you'll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

• Perform timely financial analysis/underwriting for renewals, annual reviews, and modifications (extensions, waivers, amendments, modifications, 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 covenant compliance, downward financial statement trends and potential impact, payment schedule interruptions, collateral devaluation, accuracy of risk ratings, or any market, sector or industry risks, etc.

• Review loan documentation for any post closing items and validate that loan terms & conditions are accurately reflected in the bank's loan tracking system.

• Use Moody's Credit Lens spreading software for financial statement analysis and prepare loan profitability/pricing models with accurate inputs (PD/LGD models) relating to risk & return.

• Monitor & report all deterioration in credit quality to the Underwriting Manager & Account Officer informed of any emerging credit or portfolio risks.

• Ensure thorough and on-time collection of financial statements and to allow for timely completion of End of Month (EOM) reports required for portfolio management.

Responsible for updating, preparing and presenting quarterly Watchlist ("at risk" credits rated 6W or higher) loans to Committee (e.g. deep dive memos, NOPPs).

• Complete renewals & annual reviews in a timely & thorough manner to maintain a "satisfactory" rating from internal audit; and with no risk rating failures identified by the loan review dept. and bank examiners.

• Support RMs in providing top client service in-line with the bank's expected high standards. Identify and inform RM of cross-sell, referral and credit expansion opportunities.

• Remain well informed on all client matters to minimize risk in a timely manner for all assigned borrowers.

• Remain fully compliant on all client & policy 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 timely

Conduct oneself as a true brand ambassador for the bank

Qualifications
  • Portfolio Manager needs to have strong credit and organizational skills as well as solid understanding of middle market commercial credit facilities (lines of credit, asset reliant loans relating to receivables & inventory financing, cash flow loans, owner-occupied term loans, etc.) with loan sizes varying from $5MM to $75MM in aggregate exposure.
  • Minimum experience of 3 - 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 Officer and Team Leader
  • 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
Additional Information

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:
  • Those with a known mental or physical disability.
  • Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
  • Victims of domestic violence, sex offenses or stalking.
  • Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual's accommodation needs; potential accommodations that may address the individual's accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee's request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

We are operating on a hybrid schedule.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

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