Portfolio Manager

2 days ago

Los Angeles, California, United States IDB Full time
Job Description

IDB Bank is seeking a highly skilled Portfolio Manager to join our team. As a Portfolio Manager, you will be responsible for managing a portfolio of commercial loans, ensuring timely financial analysis and underwriting, and monitoring for indicators of stress or risk.

  • Perform financial analysis and underwriting for renewals, annual reviews, and modifications by effectively weighing IDB Bank's credit policies and understanding of desired risk profile.
  • Monitor the portfolio for indicators of stress or risk, such as failed covenants, downward financial statement trends, payment schedule interruptions, and collateral devaluation.
  • Keep Relationship Managers informed of any issues with credit or portfolio risk.
  • Identify and inform Relationship Managers of cross-sell, referral, and credit expansion opportunities.
  • Ensure thorough and on-time collection of financial statements, rent rolls, and other required reporting requirements to allow for timely completion of End of Month (EOM) reports.
  • Support Relationship Managers in providing top client service in-line with IDB Bank's expected high standards, including direct contact with clients and prospects.
  • Remain well-informed on all client matters to minimize risk.
  • Complete the annual review of credits.
  • Remain fully compliant on all client 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 IDB Bank.
  • Client interactions as needed by Relationship Managers.

Qualifications:

  • Portfolio Manager needs to have strong credit and organizational skills as well as a solid understanding of commercial real estate credit facilities, including bridge loans, term loans, construction loans, lines of credit, and other commercial mortgage types.
  • Minimum experience of 2-5 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 Officers, and Group Manager.
  • 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.
  • Experience in Commercial Real Estate underwriting.
  • Experience in C&I underwriting and monitoring.
  • Experience in Seniors Housing underwriting and monitoring.

Compensation:

The expected annual salary for this position is between $90,000 and $110,000 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 also 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.

Additional Information:

IDB 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.

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.

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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