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The Position

Our bank client is seeking to fill a Portfolio Manager role in the Jersey City, NJ area. This selected candidate will be responsible for independently managing a Commercial Loan portfolio. The candidate will manage, acquire, and deepen a portfolio of new and existing profitable lending relationships, with a greater emphasis on maintaining a larger lending portfolio of the Banks existing clients.

This position includes a generous salary of up to $100K and a full benefits package. (This is not a remote position.)

Portfolio Manager responsibilities include:

• Managing a portfolio of commercial clients including monitoring loan covenants and structuring loan proposals.
• Underwriting and originating of new credits from existing and/or new customers including renewals, modifications, and annual reviews. Making appropriate loan structure recommendations.
• Proactively looks to expand client base by cultivating referral relationships, and target marketing clients/prospects in accordance with the Banks marketing standards.
• Meeting and exceeding monthly performance scorecard goals that include but, are not limited to developing new profitable business relationships.
• Enhancing the cross-sell ratio through the expansion and deepening of client penetration as well as job-related behaviors.
• Highly involved in indirect and direct sales calls as well as representing the Bank in various industry-specific trade organizations that promote the Banks loan growth within the desired industries.
• Preparing spreads, performing covenant checks, completing loan reviews, updating ticklers, and populating FDM (electronic document storage system) within a reasonable timeframe upon receipt of financial information and/or other requested documentation.
• Spreading, analyzing, and reviewing financial conditions, income sources, and collateral coverage of borrowers including corporations, partnerships, sole proprietors, and individuals.
• Collecting updated borrower financial information in accordance with periodic reporting requirements and completing scheduled loan reviews.
• Preparing loan presentation write-ups for management and loan committee approvals.
• Ensuring that loans and other assets are appropriate, and timely risk rated in accordance with the Banks loan policy.

Requirements

Who Are You?

Youre someone who wants to influence your own development. Youre looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future.

You also bring the following skills and experience:

• Bachelors degree is preferred, or equivalent business experience is preferred.
• Four or more years of banking experience with an emphasis on relationship management and commercial lending.
• Strong background in prospecting for new clients and a demonstrated track record in business development.
• Strong organizational, time management skills, and leadership qualities.
• Working knowledge of financial analysis and accounting theory, and the ability to write clearly, logically, and analytically.
• Excellent written and oral communication skills.
• Ability to be a self-starter and demonstrate a strong level of initiative and commitment with a minimum level of supervision.
• Ability to understand accounting, including financial statement spreads, cash flows, and credit analysis.
• Ability to define problems, proactively identify and articulate risks, collect data, establish facts, and draw valid conclusions.

Benefits

This position includes a generous salary of up to $100K and a full benefits package. (This is not a remote position.)