AVP/VP, Portfolio Manager

Cathay Bank; Los Angeles (CA); On-site; USD 95,000 - 125,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Long-term disability insurance

FSAs

HSA with company contributions

401(k)

Job summary

Cathay Bank in Los Angeles is seeking a Portfolio Manager to maintain and monitor an existing commercial loan portfolio. You will work closely with the Senior Relationship Manager to manage client relationships, identify opportunities, and cross-sell the Bank’s products and services.

The role emphasizes credit underwriting, portfolio management, and adherence to lending regulations while delivering best-in-class service to clients. A career in a stability-focused banking environment is offered.

Qualifications

• Education: College graduate with major in related fields, strongly preferred.
• Experience: AVP 3-5+ years, VP 5-7+ years in loan account relationship management or underwriting.
• Must have strong loan portfolio management experience.
• Must possess strong loan negotiation experience.
• Must possess underwriting experience in commercial lending.
• Must have knowledge of credit policy, risk management, and underwriting requirements.
• Ability to cross-sell commercial and specialty banking products.

Responsibilities

• Work closely with SRM(s) and Team Managers on the assigned loan portfolio, monitoring credit quality.
• Review to ensure each credit is risk rated according to policy.
• Maintain and grow client relationships and cross-sell Bank products.
• Originate new credits from existing clients; monitor renewals, amendments, and annual reviews.
• Collaborate with underwriter and loan staff to prepare the CCR.
• Assess accounts to identify issues and determine actions to maximize credit quality.
• Ensure compliance with Bank, regulatory and credit requirements and timelines.

Skills

Communication skills

PC proficiency

Bilingual (English/Mandarin or Canton‑

Education

College graduate in related field

Job description

People Drive Our Success

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members’ drive and optimism. Together we can make a difference in the financial future of our communities.

What Our Team Members Are Saying

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General Summary

Portfolio Manager (“PM”) is responsible for maintaining and monitoring existing commercial loan portfolio and work closely with the Senior Relationship Manager (SRM) who owns the relationship of these accounts. PM is expected to maintain close contact with these clients and leverage the relationship to identify and bring in additional new business opportunities, both in loans and Bank’s other products and services. PM is expected to provide “best-in-class” service to these loan clients while following established Bank’s policies and procedures.

Essential Functions

• Work closely with SRM(s) and Team Managers on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
• Review to ensure each credit is properly risk rated based on the Bank’s risk rating system.
• Maintain and grow existing client relationships, cross-sell Bank’s other products and services.
• Specifically accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments, and annual reviews.
• Work with designated underwriter, loan assistants and other loan support staff to prepare the Credit Commitment Report (“CCR”).
• Review clients’ accounts and portfolios in order to identify, evaluate and determine the appropriate course of action on potential credit quality issues in order to maximize credit quality and minimize risk and potential loss to the Bank.
• Ensure compliance with Bank, regulatory and credit requirements with emphasis on best-in-class customer service while adhering to required timeframes from the client.

Qualifications

• Education: College graduate with major in related fields, strongly preferred.
• Experience:
  • AVP 3-5 +Years , VP 5-7 + years of loan account relationship management experience, credit underwriting experience or a combination of both. Thorough knowledge of lending regulations and credit/underwriting practices.
  • Must have strong loan portfolio management experience.
  • Must possess strong loan negotiation (rates, terms, collateral requirements) experience.
  • Must possess previous underwriting experience in the requisite area of commercial lending.
  • Must have extensive knowledge and understanding of Bank’s credit policy, risk management, underwriting requirements, and loan servicing.
  • Must have strong knowledge and understanding of commercial and specialty group banking products and services and have demonstrated ability to cross-sell such products.
• Skills/Ability: PC proficiency. Excellent verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) a plus but not required. Ability to work well independently to restructure loans and/or lines of credits. Must be organized and detail oriented and able to multi-task. Ability to work effectively in a fast paced, high production and team environment. Excellent time management skills and be accustomed to working with deadlines. Ability to assume responsibility and accountability for decision-making. Ability to communicate effectively with all levels of Bank personnel.

Other Details

Pay Range

$95,000 – $125,000 / year

Pay determined based on job-related knowledge, skills, experience, and location.

This position may be eligible for a discretionary bonus.

Cathay Bank offers its full-time employees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy.

Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.

Cathay Bank endeavors to make www.CathayBank.com accessible to any and all users. If you would like to contact us regarding the accessibility of our website or need assistance completing the application process, please contact, Mickey Hsu, FVP, Employee Relations Manager, at [phone] or [e-mail]. This contact information is for accommodation requests only and cannot be used to inquire about the status of applications.