Portfolio Manager

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

Benefits offered by this job

Bonus potential

Medical benefits

401k plan

Dental and Vision

Job summary

Piermont Bank is seeking a Portfolio Manager to oversee the credit risk of its commercial loan portfolio. The role focuses on detailed financial statement analysis, industry assessment, collateral valuation, and cash flow analysis.

The position encompasses managing the loan portfolio, renewals, and annual reviews, while preparing reports for credit supervision and risk committees. A strong background in credit risk and regulatory reporting is required.

Qualifications

• Minimum bachelor’s degree in finance or accounting and relevant underwriting or loan portfolio experience.
• Experience in commercial banking and commercial real estate environments is preferred.
• Strong credit risk and regulatory reporting experience required.

Responsibilities

• Manage the Bank's loan portfolio for existing relationships and proactively oversee asset quality.
• Renewals and line increases for existing relationships.
• Perform annual reviews of existing loan relationships.
• Prepare portfolio reports for credit supervision, risk committees and the Board.
• Assist in Credit Administration reports, annual loan audit, and regulatory examinations.

Skills

Credit risk analysis

Financial statement analysis

Risk reporting

Excellent communication

MS Office

Salesforce

Education

Bachelor's degree in finance or accounting

Tools

Salesforce CRM

MS Excel

Job description

Piermont Bank is a digital commercial bank with a mission to servefast growingcompaniesat the speed they need.Entrepreneur-ledand tech-forward,we offer a fully digital experience coupled with meaningful banker relations. We believe in being a partner for enterprising companies, acting as afundingcatalyst for mid-market innovation and growth. Piermont’s financial solutions and expertise empower our business community to thrive. At Piermont, we are purpose-driven, responsive andpractical,deliveringintegrated and flexible solutionsthatcreatevalue for clients in today’s fast-changing economy. For more information, visitwww.piermontbank.com .

The Role:

The Portfolio Manager is responsible for monitoring and assessing the credit risk of the banks commercial loan portfolio. This individual will focus on detailed financial statement analysis, industry assessment, collateral valuation, and cash flow analysis.

Responsibilities:

• Management of the Bank's loan portfolio for existing relationships, and routine, proactive oversight of the loan portfolio to identify potential weaknesses that could adversely impact asset quality.
• Manage loan renewals, line increases to existing relationships.
• Performs annual reviews of existing loan relationships.
• Prepare portfolio reports for credit supervision, risk committees and the Board.
• Assists in the preparation of Credit Administration reports, annual independent loan audit, and regulatory examinations.

Qualifications:

• Minimum of a bachelor’s degree in finance, accounting, and at least 4 years of increasingly diverse and complex applications in underwriting or loan portfolio management.
• Credit training formal and/or on the job training is required.
• Experience in a commercial banking and commercial real estate environment is required.
• Demonstrated experience in credit risk and regulatory reporting.
• Established credit, industrial and risk acumen.
• Understand and interpret complex business and credit risk requirements.
• Working across all levels of the organization to understand cross-functional linkages and interdependencies, as well as the implications of risk and regulations at the business level.
• Strong communications skills, including the capacity to articulate the case for sound credit practices
• Competent skill set with use of Microsoft Office applications
• Use of Salesforce platform

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.