Portfolio Manager - Construction

Bank of Marin; Novato (CA); On-site; USD 105,000 - 147,000; Full time

Benefits offered by this job

Health care

Retirement plan with employer matching

Employee stock ownership plan

Tuition reimbursement

Job summary

Bank of Marin in Novato, CA, is seeking a Portfolio Manager - Construction to join our Construction Lending team. You will underwrite and analyze moderately complex construction and CRE loan requests, evaluate repayment sources, and structure credit facilities with risk controls.

Site visits and cross‑selling bank services are expected to drive portfolio growth. Required is a Bachelor's degree and experience in construction lending or related credit analysis.

Qualifications

• Bachelor's degree (B.A.) or equivalent combination of experience and/or training.
• Experience in construction lending or commercial real estate credit analysis.
• Ability to underwrite and analyze moderately complex construction and CRE loans.

Responsibilities

• Underwriting and Independent Analysis of loan requests.
• Underwrite and recommend construction/CRE loans for approval/decline.
• Articulate credit recommendations with standard bank formats.
• Identify repayment sources and assess credit risks.
• Support credit structures to mitigate risk and monitor draws.

Skills

Underwriting

Credit analysis

Marketability assessment

Site visits

Client relationship

Cross-sell bank services

Education

Bachelor's degree

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.

Full Time IC Non-Sales Pell Plaza, Novato, CA, US

2 days ago Requisition ID: 1906

Bank of Marin, voted by our employees as one of the \"Best Places to Work\" in the North Bay Business Journal, is seeking a Portfolio Manager - Construction to join our Construction Lending team in Novato, California.

In a team-oriented environment, the Portfolio Manager - Construction maintains a high degree of customer service through the examination, evaluation, and recommendations approval of customer applications for construction and commercial real estate loans. Develop and manage moderately complex construction loan accounts that meet established lending requirements and provide maximum profitability to the bank while minimizing construction risk.

Essential Job Functions:

With guidance / oversight from senior construction loan officers and group manager:

• Underwriting and Independent Analysis


• Use established underwriting guidelines to accurately underwrite and recommend moderately complex construction and commercial real estate loans requests for approval / decline


• Articulate credit recommendations by accurately completing the bank-standard Credit


• Identify and access the strengths of the primary and secondary sources of repayment for moderately complex construction and commercial real estate credits


• Identify and assess key credit risks and the factors that mitigate these risks sufficiently to recommend approval of loan commitment


• Recommend and support credit structures that monitor and mitigate key credit risks factors


• Independently ascertain feasibility of the construction project including marketability of the completed project for commercial residential, mixed-use, commercial income and spec residential properties


• Develop new business by contracting prospects and customers; cross-sell bank services


• Make site visits and participate in joint calls with senior officers and others


• Recommend and support credit structures that monitor and mitigate key credit risks factors


• Interact with title and insurance companies to assure that the Bank’s position is protected by appropriate title insurance, endorsements, and adequate insurance protection during the course of construction and upon completion


• Review construction inspections and, with the assistance of the construction loan administrator, monitor draw requests to ensure that sufficient money remains to complete the project


• Prepare and complete in a timely manner all reports necessary to tract project status and compliance with Bank guidelines


• As needed, identify problem credits and help to collect or restructure the credit to protect bank and borrower’s asset

Educational/Professional Experience:

Bachelor’s degree (B.A.) from four-year college or university; or equivalent combination of experience and/or training.

The hiring pay range for this position is $104,723 to $146,615. In addition to the pay range listed, all bank positions are eligible for incentive compensation, which varies based on role. The pay rate for a successful applicant depends on a variety of factors including but not limited to geographic location, work experience, education, and/or skill level.

The Bank of Marin is a growing public company with career advancement opportunities. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, a retirement savings plan with employer matching opportunity, bank paid employee stock ownership plan, tuition reimbursement, employee volunteer program and more. Additional details about total compensation and benefits will be provided during the hiring process.

Bank of Marin is an equal opportunity employer. EOE AA Vet/Disability