AVP, Loan Portfolio Officer

Cathay Bank; New York (NY); On-site; USD 80,000 - 95,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

401(k) plan

Job summary

Cathay Bank is seeking an experienced AVP, Loan Portfolio Officer to manage and monitor an existing commercial loan portfolio. In this role, you will work closely with the Relationship Manager to maintain client relationships and identify new business opportunities. You will oversee credit underwriting and ensure adherence to Bank policies while delivering top-notch service.

The ideal candidate will have 3-5 years of commercial lending experience, strong financial analysis skills, and organizational abilities. A competitive salary of $80K – $95K per year is offered, along with a comprehensive benefits package.

Qualifications

• 3-5 years corporate and/or commercial lending and banking experience.
• Thorough knowledge of lending regulations and credit/underwriting practices.
• Ability to work effectively in a fast-paced, high production environment.

Responsibilities

• Monitor and manage the credit quality of the assigned loan portfolio.
• Cross-sell Bank’s other products and services.
• Ensure compliance with Bank, regulatory and credit requirements.

Skills

PC proficiency

Good verbal communication skills

Good written communication skills

Bilingual (English/Mandarin or Cantonese)

Strong financial analysis skills

Detail-oriented

Education

Bachelor’s degree in accounting, business, or related discipline

Job description

Overview

AVP, Loan Portfolio Officer (LPO) is responsible for maintaining and monitoring an existing commercial loan portfolio. The LPO works closely with the Relationship Manager who owns the relationship for these accounts. The LPO maintains close contact with clients and leverages the relationship to identify and bring in additional new business opportunities, both in loans and the Bank’s other products and services. The LPO provides best-in-class service to loan clients while following Bank policies and procedures.

Essential Functions

• Work closely with the Team Manager on the assigned loan portfolio by monitoring and managing the credit quality of the 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.
• Be specifically accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments and annual reviews.
• Collaborate with the designated underwriter, loan assistants and other loan support staff to prepare the Credit Commitment Report (CCR).
• Review client accounts and portfolios to identify, evaluate and determine the appropriate course of action on potential credit quality issues 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 client service while adhering to required timeframes from the client.

Qualifications

• Education: Bachelor’s degree in accounting, business, or related discipline preferred but not required.
• Experience: 3-5 years corporate and/or commercial lending and banking experience with thorough knowledge of lending regulations and credit/underwriting practices.
• Skills/Ability: PC proficiency. Good verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) a plus. Organized and detail oriented. Good credit knowledge of Bank’s credit underwriting policies and approval process for assigned loan. Ability to work effectively in a fast-paced, high production environment. Strong financial analysis and accounting skills.

Other Details

$80K – $95K / 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, including medical, dental, vision, life, long-term disability insurance, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and 401(k).

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Cathay Bank is an Equal Opportunity and Affirmative Action Employer. We welcome applications from all qualified candidates, regardless of race, color, ethnicity, 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 protected veteran status, or any other status protected by applicable law.

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