Junior Portfolio Manager

Columbia; Fair Lawn (NJ); Hybrid; USD 73,000 - 99,000; Full time

Benefits offered by this job

Healthcare

Retirement plan

Employee ownership

Job summary

Columbia Bank is seeking a Jr Commercial Loan Portfolio Manager in Fair Lawn, NJ to oversee a portfolio of commercial loans and strengthen client relationships with the Business Banking Department. The role involves coordinating with lenders, underwriting, and ensuring timely documentation and covenant monitoring.

The candidate should have a finance/Accounting/Management degree and at least 2 years in commercial banking or loan servicing, with strong Excel/Word skills and attention to detail.

Qualifications

• Bachelor’s degree in Finance, Accounting, Management, or related field.
• 2 years of related Commercial Banking and/or Loan Servicing experience.
• Proficient in Microsoft Excel and Word; strong communication skills.
• Attention to detail and organizational skills.
• Ability to build constructive relationships with clients and colleagues.

Responsibilities

• Manage a small business banking loan portfolio and related activities.
• Collaborate with Commercial Lenders on renewals, negotiations, and documentation.
• Review maturity reports and prepare extension memos for underwriting.
• Support lenders with information needed to place a loan into underwriting.
• Coordinate across Credit, Lending, Risk and Loan Servicing during loan processes.

Skills

Communication

Organization

Attention to detail

Excel & Word

Covenant tracking

Education

Bachelor’s degree in Finance/Accounting/Management

Tools

Core banking systems

General ledger

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Fair Lawn, NJ, US

Salary Range: $73,306.00 To $98,958.00 Annually

Columbia Bank is a full-service consumer and commercial bank serving individuals, businesses, and communities across New Jersey, Staten Island, and Brooklyn. Through our banking, title, insurance, and wealth management businesses, we provide a broad range of financial solutions tailored to our customers’ needs. We are also committed to strengthening the communities we serve through employee volunteerism, community partnerships, and the Columbia Bank Foundation.

Why this Role Matters:

The Jr Commercial Loan Portfolio Manager is responsible for all aspects of managing a portfolio of commercial loans. The incumbent interacts with customers to maintain and enhance business relationships. The individual works with the Business Banking Department in regard to all aspects of loan origination, portfolio management and follow up, including information compilation and review, submission of loans to the Credit Department, covenant monitoring, renewals, extensions, interest rate modifications, file documentation, exception resolution, delinquencies etc. Credit Training and underwriting skills are not required under this role.

What You'll Deliver/Areas of Impact:

• Management of a small business banking loan portfolio.
• Works with a team of Commercial Lenders regarding Commercial portfolio maintenance activities including maturity monitoring, renewals, interest rate modifications and documentation collection.
• Reviews monthly maturity reports, requests updated financial information, and prepares extension memos, as required.
• Prepares Pre-Cams for all renewals and modifications and submits to underwriting.
• Provides support to Lenders to ensure that all information needed to place a loan into underwriting is received.
• Interacts with customers to maintain and enhance business relationships.
• Acts as a liaison between the Credit, Lending, Risk and Loan Servicing Departments as well as customers during the collection, underwriting, approval, and servicing stages of the loan submission, as needed.

Monitoring and Recommendations

• Reviews and manages compensating balance requirements.
• Along with commercial lenders, provides recommendations as to loan restructuring, implementing legal collection action, or referral of the loan to the Special Assets Department.

Other Responsibilities

• Maintains a current knowledge of OCC Regulations, local and national economic, financial political and legislative trends. Determines the possible impact on commercial lending activities.
• Performs other job-related duties as may be assigned.

What You'll Need to Succeed:

• Bachelor’s degree in Finance, Accounting, Management, or related field.
• 2 years of related Commercial Banking and/or Loan Servicing experience.
• Effective written and verbal communication skills, both internally and externally.
• Considerable attention to detail.
• Organizational skills.
• Ability to develop constructive and cooperative relationships.
• Skilled in Microsoft Office applications including Excel and Word.
• Working knowledge of covenant tracking systems.

Technology Qualifications:

Experience preparing audit supporting documents.

Experience with general ledger reconciliations in compliance with FDCIA and Sarbanes-Oxley.

Experience supporting or responding to internal and external audit requests.
Understanding of US GAAP, banking regulations, and accounting principles.

Proficiency in Microsoft Excel.

Experience working with core banking systems and general ledger platforms.

How We Take Care of You:

Build a stronger future for yourself, your family and the communities we serve. At Columbia Bank, meaningful work comes together with a collaborative and rewarding culture, opportunities to learn and grow, and a total rewards package designed to support your health, financial security and overall wellbeing. Benefits include healthcare choice, retirement savings with company support, employee ownership, wellness resources, education and student loan programs, paid time off and financial protection. Join a company where your contribution is valued, your growth is supported and your career can make a meaningful impact.

The hours that you will dedicate to work:

This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.