Portfolio Manager

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