Full-Time
Portfolio Manager
Posted on 9/23/2025
IDB bank
1,001-5,000 employees
Commercial and private banking, wealth management
No salary listed
Los Angeles, CA, USA
In Person
 Finance & Banking (2) |
|---|
| , |
- Portfolio Manager needs to have strong credit and organizational skills as well as 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 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
- 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
- Prior experience with Salesforce and Core Banking systems is beneficial but not required. Other CRM experience is a plus
- Jack Henry/SilverLake, FiServ banking application experience is a plus but not required
- Strong technical skills including MS Office: Excel, Word and PowerPoint
IDB Bank offers commercial banking, private banking, and wealth management for individuals and businesses in the U.S. and abroad. It serves high-net-worth clients and industries such as healthcare and commercial real estate by delivering tailored financial solutions, supported by deep industry knowledge and personalized service. Its products include loans, cash management, and foreign exchange, alongside comprehensive wealth advisory and related fees. The bank differentiates itself through personalized, industry-focused service and a broad platform that combines banking and wealth management to help clients grow and manage wealth.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
N/A
Headquarters
New York City, New York
Founded
1949
Simplify's Take
What believers are saying
- National Healthcare Lending closed $51.2M Massachusetts, $38.3M Florida deals in 2025.
- IDB ACCESS platform enables 24/7 secure corporate cash management.
- IDB Capital provides direct access to 6,000 mutual funds.
What critics are saying
- Geopolitical tensions drive clients to U.S. banks within 6-12 months.
- U.S. healthcare cuts trigger defaults on $103M portfolio in 3-6 months.
- NYDFS scrutiny blocks deals over $50M due to Israeli ties.
What makes IDB bank unique
- IDB Bank specializes in healthcare lending, arranging $103M for skilled nursing portfolios.
- Tailored solutions for high net worth clients in commercial real estate.
- Personalized service as subsidiary of Israel Discount Bank Ltd.
Help us improve and share your feedback! Did you find this helpful?
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Tuition Reimbursement
Employee Wellness Program
401(k) Retirement Plan
401(k) Company Match
Company News
IDBI Bank shares remain in focus as Fairfax Financial and Kotak Mahindra Bank emerge as leading contenders to acquire a controlling stake in the lender. The Government of India and LIC are jointly selling a 60.72% stake valued at approximately $7 billion. The bank's stock has tripled since the government announced divestment plans three years ago. Fairfax Financial is reportedly considering an all-cash bid aligned with current market value, whilst Kotak Mahindra Bank is evaluating a cash-and-stock offer. The deal represents one of India's largest banking privatisation efforts, with the outcome expected to significantly impact the country's financial sector landscape.
IDB Bank has arranged $103 million in senior debt financing as co-lead arranger for the acquisition of a portfolio of skilled nursing and assisted living facilities across Tennessee, Georgia and Missouri. The deal was led by Michael Palermo, National Head of Healthcare Lending, with support from June Lee and John Bertolozzi. The transaction caps an active year for IDB's National Healthcare Lending division, which has completed several major deals in 2025. These include $51.2 million for a Massachusetts skilled nursing portfolio, $38.3 million for Florida facilities, and $28 million for a Missouri medical office building. IDB Bank, a New York-based commercial bank and FDIC member, is a wholly owned subsidiary of Israel Discount Bank Ltd. The bank operates offices across California, Florida and the tristate area.
The Finance Minister announced that the IDBI Bank stake sale is in the due diligence phase with shortlisted bidders, whose identities remain confidential until the transaction is complete. Concerns of current employees are addressed in the share purchase agreement. The disinvestment, approved by the CCEA, aims to sell 60.72% of the bank, jointly owned by the government and LIC, which currently hold 95%. The government plans to complete the sale by FY26.
Kotak Mahindra Bank is leading the bid to acquire the government's stake in IDBI Bank, with the Reserve Bank of India granting necessary approvals to shortlisted bidders. The government and LIC aim to sell over 60% of IDBI Bank as part of reducing public sector ownership in financial institutions. This acquisition would significantly expand Kotak Mahindra Bank's retail and SME lending capabilities and access to IDBI's branch network, marking a major banking privatization in India.
Kotak Mahindra Bank has completed its due diligence to acquire the government's stake in IDBI Bank. The government and LIC hold 94% of IDBI Bank, and the transaction could involve acquiring up to 60.72%. The deal is potentially valued at $8-10 billion. Kotak Bank is a leading contender, being the only domestic bidder, while Oaktree Capital and Fairfax Financial have also completed due diligence. The government aims to finalize the bidder by the end of FY26.