Portfolio Manager

Piermont Bank; New York (NY); On-site; USD 115,000 - 140,000; Full time

Benefits offered by this job

Medical benefits

Dental benefits

Vision benefits

401k

Job summary

Piermont Bank is seeking a CRE Portfolio Manager to oversee a portfolio of commercial real estate lending relationships. You will analyze financial performance, monitor risk, prepare credit recommendations, and ensure regulatory compliance, collaborating with Relationship Managers and Credit Officers.

The role focuses on asset quality, portfolio growth, and proactive risk management across the CRE life cycle, with responsibilities in underwriting, reporting, and process improvements.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Real Estate, Economics, or a related field.
• 3 to 7 years of experience in commercial real estate banking, commercial lending, portfolio management, credit analysis, or a related financial services role.
• Strong understanding of CRE lending principles, underwriting methodologies, risk assessment, and portfolio management practices.
• Ability to analyze financial statements, cash flow models, rent rolls, appraisals, and market data.
• Experience preparing credit memoranda, annual reviews, and loan approval packages.
• Working knowledge of commercial loan documentation and loan servicing processes.
• Strong analytical, organizational, and problem‑solving skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and deadlines in a fast‑paced environment.
• Proficiency in Microsoft Office applications, particularly Excel, Word, and PowerPoint.

Responsibilities

• Monitor CRE borrowers' financial performance, collateral, and covenant compliance.
• Review borrower reporting, property operating statements, rent rolls, and other financial information to identify risks and opportunities.
• Maintain an understanding of market conditions and factors affecting portfolio performance.
• Analyze borrower financial statements, tax returns, property cash flows, guarantor strength, and collateral valuations.
• Prepare credit approval packages, risk assessments, annual reviews, loan modifications, renewals, and amendments.
• Evaluate transaction structures and recommend credit terms and risk mitigation strategies.
• Partner with Relationship Managers to support client acquisition, retention, and portfolio growth.
• Participate in client meetings, due diligence efforts, and transaction discussions.
• Respond to client and internal stakeholder requests in a timely and professional manner.
• Ensure portfolio management activities comply with loan policy, credit standards, regulatory requirements, and internal procedures.
• Identify potential problem credits and elevate concerns appropriately.
• Assist with regulatory examinations, internal audits, and loan reviews.
• Maintain accurate credit files, portfolio data, and loan documentation records.
• Prepare portfolio reports, management presentations, and industry analyses.
• Support special projects and process improvement initiatives as assigned.

Skills

Portfolio management

Credit analysis

Relationship management

Financial statement analysis

Credit underwriting

Regulatory compliance

Excel

Communication

Multitasking

Mortgage/lending knowledge

Education

Bachelor’s degree in Finance, Accounting, Business Administration, Real Estate, Economics

MBA preferred

Tools

Credit systems

Portfolio management platforms

Financial spreading software

Job description

Piermont Bank is a boutique specialty commercial bank focused on serving modern businesses with a digital first approach. As the first cloud native bank launched in the United States, Piermont was built on modern infrastructure that allows us to operate with greater flexibility, efficiency, and scalability than traditional banks.

We combine disciplined commercial banking with innovative technology to deliver value added solutions for small and medium sized businesses and our fintech partners. Our team is dedicated to thoughtful risk management, strong client relationships, and building a bank designed for the future of financial services.

The Role:

The Commercial Real Estate (CRE) Portfolio Manager is responsible for managing a portfolio of commercial real estate lending relationships and supporting the overall credit administration process. This role serves as a key partner to Relationship Managers, Credit Officers, and clients by analyzing financial performance, monitoring portfolio risk, preparing credit recommendations, and ensuring compliance with bank policies and regulatory requirements. The Portfolio Manager plays an important role in maintaining asset quality, supporting portfolio growth, and providing proactive risk management throughout the life cycle of CRE relationships.

Responsibilities:

• Portfolio Management and Credit Monitoring — 35%
• Monitor the financial performance, collateral position, and covenant compliance of assigned CRE borrowers.
• Review borrower reporting, property operating statements, rent rolls, and other financial information to identify emerging risks and opportunities.
• Maintain a strong understanding of market conditions and project-specific factors affecting portfolio performance.
• Credit Analysis and Underwriting — 30%
• Analyze borrower financial statements, tax returns, property cash flows, guarantor strength, and collateral valuations.
• Prepare credit approval packages, risk assessments, annual reviews, loan modifications, renewals, and amendments.
• Evaluate transaction structures and recommend appropriate credit terms and risk mitigation strategies.
• Relationship Support and Client Service — 15%
• Partner with Relationship Managers to support client acquisition, retention, and portfolio growth initiatives.
• Participate in client meetings, due diligence efforts, and transaction discussions as needed.
• Respond to client and internal stakeholder requests in a timely and professional manner.
• Risk Management and Compliance — 10%
• Ensure portfolio management activities comply with loan policy, credit standards, regulatory requirements, and internal procedures.
• Identify potential problem credits and elevate concerns appropriately.
• Assist with regulatory examinations, internal audits, and loan reviews.
• Reporting and Administrative Activities — 10%
• Maintain accurate credit files, portfolio data, and loan documentation records.
• Prepare portfolio reports, management presentations, and industry analyses.
• Support special projects and process improvement initiatives as assigned.

Qualifications

Required Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration, Real Estate, Economics, or a related field.
• 3 to 7 years of experience in commercial real estate banking, commercial lending, portfolio management, credit analysis, or a related financial services role.
• Strong understanding of commercial real estate lending principles, underwriting methodologies, risk assessment, and portfolio management practices.
• Ability to analyze financial statements, cash flow models, rent rolls, appraisals, and market data.
• Experience preparing credit memoranda, annual reviews, and loan approval packages.
• Working knowledge of commercial loan documentation and loan servicing processes.
• Strong analytical, organizational, and problem‑solving skills.
• Excellent written and verbal communication skills.
• Ability to manage multiple priorities and deadlines in a fast‑paced environment.
• Proficiency in Microsoft Office applications, particularly Excel, Word, and PowerPoint.

Preferred Qualifications

• Master's degree in Business Administration (MBA), Finance, Real Estate, or a related discipline.
• Formal commercial credit training or underwriting certification.
• Experience with income-producing real estate asset classes, including multifamily, office, industrial, retail, hospitality, and mixed‑use properties.
• Knowledge of commercial real estate market trends and valuation methodologies.
• Experience working with credit systems, portfolio management platforms, and financial spreading software.
• Professional designations such as CCIM, CFA, CPA, or similar industry certifications.
• Experience supporting complex or syndicated commercial real estate transactions.

The hiring range for this position is $115,000 to $140,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate’s job‑related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

Piermont Bank is an equal‑opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.