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Associate Commercial Real Estate Banking Specialist
2 months ago
IDB Bank is seeking a highly motivated and experienced Commercial Real Estate Relationship Manager to join its NY Commercial Real Estate Group. The successful candidate will be responsible for managing a portfolio of existing commercial real estate banking clients, developing and maintaining relationships, and supporting the loan origination and cross-selling efforts of senior relationship managers.
Key Responsibilities- Client Relationship Management
- Manage a lending and deposit portfolio of existing commercial real estate banking clients.
- Act as the primary bank contact and oversee the portfolio and development of the existing portfolio inclusive of loans/accounts.
- Review lending transactions' credit parameters, loan documentation, and other reports related to commercial real estate transactions.
- Manage the account from origination through loan closing.
- Oversee the portfolio through loan maturity with the help and support of the NY CRE Portfolio Management team.
- Present to senior management new and modification approvals and portfolio updates.
- Business Development
- Participate in business development efforts, including long-term renewals within the existing portfolio.
- Partner with senior CRE relationship managers on larger, more complicated transactions and develop senior RM skills.
- Assist with all aspects of relationship/loan life cycle functions, including deal screening, term sheet preparation, negotiation, and loan closing process.
- Prepare cash flow modeling scenarios.
- Recommend competitive loan structures with thoughtfulness and creativity.
- Asset Class and Loan Types
- Work with multiple asset classes, including multifamily, retail, office, industrial, and hotel.
- Evaluate different loan types, including land, construction, bridge, and stabilized properties.
- Preferred prior experience in construction and/or bridge lending.
- Bank Policies and Compliance
- Understand bank policies, compliance, and regulatory standards.
- Work closely with the Portfolio Management team on loan modifications, waivers, and lease approvals.
- Develop strong cross-functional relationships across the bank to better serve clients.
- Interface closely with the bank's credit and underwriting functions to move transactions through the internal approval process.
- Maintain strong dialogue and relationship with the bank's outside counsel and vendors that serve the bank's client base.
- Take an increasingly active role in the negotiation of loan documents.
- Bachelor's degree with preferred concentrations in finance, economics, real estate, accounting, or related subjects.
- Minimum 3-7 years of experience in commercial real estate lending or investment.
- Strong analytical and computer skills with a thorough knowledge of Excel, including the ability to perform cash flow analyses and create financial models.
- Desire to work at a high level, learn, take ownership of assigned tasks, and work extended hours as necessary.
- Highly motivated, quick learner.
- Strong interpersonal, written, and verbal communication skills.
- Team player with a positive can-do attitude.
- Sophisticated financial skills, quantitative underwriting skills, and a capital markets perspective with the ability to structure loans to achieve the bank's investment requirements.
The expected annual salary for this position is between $100,000 and $140,000 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 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.