What are the responsibilities and job description for the Commercial Real Estate Credit Portfolio Manager position at Atrium Staffing?
Our client is a growing financial institution with headquarters in Pittsburgh, PA and offices scattered throughout the east coast and mid-west. They are currently seeking a Commercial Real Estate Credit Portfolio Manager to join their team.
Salary/Hourly Rate:
$115k Depending on experience, plus 15% year-end bonus
Position Overview:
The Commercial Real Estate Credit Portfolio Manager assists the Relationship Managers with the underwriting of new and existing relationships to ensure the bank maintains high credit quality to provide more time for the Relationship Managers to generate new business opportunities. Relocation is also available to Pittsburgh PA, Edison NJ, Cleveland OH, or Villanova, PA.
Responsibilities of the Commercial Real Estate Credit Portfolio Manager:
- Underwrites requests for credit extensions to new and existing clients
- Performs detailed financial analysis for CRE and, on occasion, personal lending opportunities
- Prepares the credit approval request, modifications, covenant waivers/amendments, accurate and timely risk taking, and assessment of real estate sponsorship for presentation to Senior Loan Committee
- Ensures compliance with the Bank’s credit policies and procedures, identifying exceptions for approval as they occur
- Facilitates pre-close kick off calls between the Closer, Portfolio Manager, Bank Counsel, Borrower Counsel, and other parties
- Ensures final loan documentation is consistent with credit approvals prior to closing
- Accompanies the relationship manager on prospect / client calls when appropriate
Qualifications of the Commercial Real Estate Credit Portfolio Manager:
- 5 years of credit analysis and underwriting experience
- Completion of bank commercial credit training or residential real estate projects is strongly preferred
- Proficient in various spreadsheet and word processing applications
- Demonstrated knowledge of investment commercial real estate finance for multiple loan and properties
- Excellent organizational skills
- Strong written and verbal skills
- High attention to detail
- Ability to work alone or within a team
Education Requirements:
- Bachelor’s degree in Finance, Accounting, or a related field
Benefits:
- Available