Portfolio Manager I - Private Banking Commercial Real Estate

City National Bank; Irvine (CA); On-site; USD 57,625 - 92,037; Full time

Benefits offered by this job

Comprehensive healthcare coverage

401(k) company matching

Tuition reimbursement

Vacation and sick time

Specialized health benefits

Job summary

City National Bank is looking for a Portfolio Manager I for its Private Banking Commercial Real Estate segment in Irvine, California. This position involves managing a credit portfolio, analyzing credit data for high-net-worth clients, and collaborating with relationship managers. Candidates must have at least a Bachelor's degree and four years of relevant experience. The role offers a salary between $41.83 - $66.81 per hour, eligible for bonuses and comprehensive benefits including healthcare and 401(k) matching.

Qualifications

• Minimum 4 years of credit underwriting and portfolio management experience.
• Basic experience in credit management and lending operations.
• Strong communication and collaboration skills.

Responsibilities

• Manage an assigned credit portfolio and analyze credit data.
• Provide credit recommendations based on borrower financials.
• Partner with Relationship Managers and cross-functional teams.

Skills

Credit analysis

Client service

Risk management

Teamwork

Data analysis

Education

Bachelor's Degree in Finance or related field

Job description

PORTFOLIO MANAGER I-Private Banking Commercial Real Estate

WHAT IS THE OPPORTUNITY?

The Portfolio Manager is part of the credit management team focused on the long‑term risk‑adjusted returns for the bank within the assigned business segment and/or geographic area(s). This individual manages a sub‑set of existing credits and is a key partner in the origination of new credits.

Primary responsibilities include:

• In partnership with Portfolio Managers and Credit Lead, this role will support the Private Banking Commercial Real Estate portfolio, which is largely comprised of mini‑perm loans to high net worth individuals and family offices across a variety of product types (multifamily, retail, industrial, office, self‑storage, and unsecured).
• Experience working with high net worth / private banking / wealth management clients is preferred. Candidate must have foundational understanding of personal financial statements, real estate schedules, and tax returns.
• On occasion, this role may support other CRE verticals in the bank, including institutional real estate and construction lending.
• Provide comprehensive credit recommendations and presentations to key risk partners related to prospects and existing clients of the bank (including moderate to complex new credit structures, modifications, and extensions) based on a comprehensive review of the borrower(s) and guarantor(s) financials, which may include current and historical financial statements, tax returns, projections and/or cash flow proformas.
• This individual is expected to present credit recommendations within the bank's risk appetite and framework and follow the bank's policies, processes and procedures.
• This individual is expected to be responsive to their clients' credit needs with an elevated level of client service and credit acumen to address their needs appropriately and timely.
• This individual is responsible for the ongoing oversight and management of its portfolio, including timely risk rating assessments, reporting covenants, covenant compliance, and the preparation of quarterly and annual reports.

WHAT WILL YOU DO?

• Teamwork: Mentor junior colleagues, foster a culture of continuous improvement and professional growth.
• Portfolio Management: Own and manage an assigned credit portfolio, ensuring alignment with organizational goals and risk management practices, including underwriting all types of credit exposures, managing credit risk, and responding to prospective client inquiries.
• Credit Analysis: Analyze credit data and perform underwriting to assess creditworthiness and recommend appropriate structures to the Sales team and client. Prepare underwriting memorandums and approval documents for presentation to Credit Risk.
• Performance Monitoring: Perform portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
• Data Analysis: Analyze credit data to support underwriting and creditworthiness assessments, including developing and presenting individual credit recommendations.
• Risk Management: Practice effective risk management, maintaining high standards of credit quality and origination in alignment with the bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
• Collaboration: Partner with Relationship Manager(s) to successfully manage credit account relationships. Work closely with cross‑functional teams to ensure cohesive and effective credit operations to achieve the bank’s strategic initiatives. Participate in ad‑hoc projects to support the organization’s priorities.
• Client Service: Provide exceptional client service by maintaining professionalism and effectively interacting with clients to understand their needs and provide tailored credit solutions. Participate in joint sales pitches with Relationship Manager(s).

WHAT DO YOU NEED TO SUCCEED?

Required Qualifications*

• Bachelor's Degree or equivalent in Finance, Business or related field
• Minimum 4 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries

Additional Qualifications

• Basic experience in credit management and lending operations, with a strong understanding of risk management principles
• Desire to build leadership and coaching skills, with the ability to train and develop talent
• Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross‑functional teams
• Basic analytical skills, with the ability to interpret complex data and make informed decisions
• Industry‑specific knowledge and expertise

Compensation

Starting base salary: $41.83 - $66.81 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

Benefits and Perks

• Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
• Generous 401(k) company matching contribution
• Career Development through Tuition Reimbursement and other internal upskilling and training resources
• Valued Time Away benefits including vacation, sick and volunteer time
• Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
• Career Mobility support from a dedicated recruitment team
• Colleague Resource Groups to support networking and community engagement

Inclusion and Equal Opportunity Employment

City National Bank fosters an inclusive environment where all forms of diversity are valued and leveraged to make us a better company and employer. We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, veteran status or other basis protected by law.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.

*Represents basic qualifications for the position. To be considered for this position, you must at least meet the required qualifications. careers.cnb.com accepts applications on an ongoing basis, until filled.

Unless otherwise indicated as fully remote, reporting into a designated City National location is an essential function of the job.