Portfolio Manager

Overview

Join to apply for the Portfolio Manager role at IDB Bank
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Base pay range: $/yr - $/yr

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. The success we’ve enjoyed Fundamentally comes down to our people. 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.

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 committed to diversity and inclusion and to providing all team members with an equal opportunity to succeed in a respectful, welcoming and inclusive work environment.

• Perform timely financial analysis/underwriting for renewals, annual reviews, and modifications (extensions, waivers, amendments, 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 failed covenants, downward financial statement trends, payment schedule interruptions, collateral devaluation, etc.
• Keep RMs informed of any issues with credit or portfolio risk
• Identify and inform RM 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 required for portfolio management
• Support RMs in providing top client service in-line with the bank’s expected high standards
• 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 the bank

• Strong credit and organizational skills with solid understanding of commercial real estate credit facilities (bridge loans, term loans, construction loans, lines of credit, other commercial mortgage types, etc.) with loan sizes varying from $5MM to $50MM
• Minimum experience of 3–5+ years in commercial loan portfolio management/underwriting or another relevant area
• Ability to work as part of the Middle Office team with Direct Manager, Account Officers and Group Manager
• Willingness to take on special projects as they arise
• Familiarity with bank reports, systems and processes
• Strong communication skills (verbal and written)
• Ability to work in a collaborative environment and meet tight deadlines
• Bachelor's degree in a related field

• Strong technical skills including MS Office:
  Excel, Word and Power Point
• Prior experience with Salesforce and Core Banking systems is beneficial but not required; other CRM experience is a plus

Jack Henry/Silver Lake, FiServ banking application experience is a plus but not required

The expected annual salary for this position is between $,000 annually 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.

The Bank will make reasonable accommodations to allow employees to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank. For example, accommodations may be provided for individuals with disabilities, pregnancy-related needs, victims of domestic violence, and religious observance obligations. Employees may contact Human Resources to request such accommodations and the Bank will engage in a…