Portfolio Manager

IDB Bank

Los Angeles (CA)

On-site

USD 100,000 - 120,000

Full time

14 days+

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Benefits offered by this job

Medical, dental, and vision plans

Generous paid time off

401(k) plan participation from day one

Tuition reimbursement

Job summary

A leading banking institution in Los Angeles is seeking a Portfolio Manager to perform financial analyses and manage commercial loan portfolios. The ideal candidate has 3-5 years of experience in portfolio management, with strong organizational and communication skills. This full-time role offers competitive compensation and a comprehensive benefits package.

Qualifications

3-5+ years in commercial loan portfolio management/underwriting.
Ability to work as part of a team, supporting direct managers and officers.
Willingness to take on special projects as they arise.

Responsibilities

Perform financial analysis/underwriting for renewals and reviews.
Proactively monitor portfolio for risk indicators.
Achieve individual and team goals in credit management.

Skills

Strong credit and organizational skills

Strong communication skills

Ability to work in a collaborative environment

Familiarity with bank reports and systems

Education

Bachelor's degree in a related field

Tools

MS Office (Excel, Word, PowerPoint)

Salesforce

Job description

Overview

Join to apply for the Portfolio Manager role at IDB Bank.

Base pay range: $100,000.00/yr - $120,000.00/yr

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first. The success we’ve enjoyed Fundamentally comes down to our people. You’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are committed to diversity and inclusion and to providing all team members with an equal opportunity to succeed in a respectful, welcoming and inclusive work environment.

Responsibilities

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

Qualifications

Strong credit and organizational skills with 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
Ability to work as part of the Middle Office team with Direct Manager, Account Officers and Group Manager
Willingness to take on special projects as they arise
Familiarity with bank reports, systems and processes
Strong communication skills (verbal and written)
Ability to work in a collaborative environment and meet tight deadlines
Bachelor's degree in a related field

Technology Skills

Strong technical skills including MS Office: Excel, Word and PowerPoint
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

Compensation and Benefits

The expected annual salary for this position is between $100,000-120,000 annually at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

The Bank will make reasonable accommodations to allow employees to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank. For example, accommodations may be provided for individuals with disabilities, pregnancy-related needs, victims of domestic violence, and religious observance obligations. Employees may contact Human Resources to request such accommodations and the Bank will engage in a good faith dialogue to identify suitable accommodations.

The Bank retains the ultimate discretion to choose appropriate reasonable accommodations and will provide a written final determination. Any accommodation-related information will be kept confidential except as required by law.

Equal Opportunity

IDB Bank provides equal employment opportunities to all employees and applicants without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment, or any other legally protected category in accordance with applicable federal, state and local law. Nothing in this site constitutes a promise or offer of employment.

Seniority level