Portfolio Manager II

Unity Bank; New Jersey; On-site; USD 90,000 - 130,000; Full time

Job summary

Unity Bank in New Jersey is seeking a Portfolio Manager to oversee the Commercial & SBA loan portfolio, perform credit reviews, reaffirm risk ratings, and support covenant compliance. You will coordinate site visits, engage with borrowers, and work with the credit team and loan officers to resolve issues while helping prepare board and executive reports.

The ideal candidate has 5–8 years in portfolio management, strong analytical skills, experience with real estate and business lending, and

Qualifications

• Bachelor's degree in Finance, Business Administration, or related field.
• Minimum of 5–8 years of portfolio management experience in a community bank or similar financial institution.
• Proven ability to manage complex loan portfolios, including real estate-based and business lending.
• Experience with credit analysis, due diligence, and loan documentation.

Responsibilities

• Prepare Credit Reviews to assess asset quality and performance vs underwriting.
• Evaluate borrower financial statements, rent rolls, and project status reports.
• Coordinate site visits and prepare site visit reports per policy.
• Assist Portfolio Management with portfolio reporting and non-performing loan analysis.
• Maintain loan risk ratings and ensure compliance with Credit Policy and regulatory standards.

Skills

Analytical skills

Communication

Multitasking

Financial reporting

Risk management

Regulatory knowledge

Abrigo

Education

Bachelor's degree in Finance, Business Administration, or related field

Tools

Abrigo (Sageworks)

Job description

Responsible for helping to manage the Commercial & SBA loan portfolio as assigned. Perform loan reviews on the existing portfolio to reaffirm risk ratings, and upgrade/downgrade when applicable, and ensure borrowers are in compliance with covenants. In addition, will be required to occasionally contact borrowers, conduct site visits and customer meetings, and work with the credit team and loan officers to resolve customer problems. Also assist team with various Board and executive management reports.

Essential Functions

• Prepare Credit Reviews to assess asset quality, including performance against original underwriting expectations.
• Evaluate borrower/sponsor financial statements, rent rolls, project status reports, and overall credit condition.
• Coordinate site visits and prepare site visit reports in accordance with Credit policies and procedures.
• Assist the Portfolio Management Team with reporting on the overall portfolio, including asset quality, stress testing, industry and market analysis, asset allocation, reserves, and non-performing loan analysis.
• Maintain accurate loan risk ratings by analyzing loan performance and preparing annual reviews.
• Ensure compliance with the Bank's Credit Policy and regulatory standards.
• Serve as the loan-level expert for a portfolio of complex construction, permanent, and/or C&I loans.
• Maintain a high degree of professionalism in post-closing relationships with borrowers to encourage repeat business.
• Complete site visits, covenants, and annual reviews in a timely manner.
• Maintain reporting information on relevant tracking systems for accurate reporting.
• Participate in meetings, trainings, and special projects as assigned by management.
• Work on miscellaneous projects related to credit functions or across the bank as needed.
• Assist loan officers with Abrigo tickler maintenance, covenant tracking and financial statement retention.
• Follow up with loan officers to obtain updated financial information including business and personal tax returns and personal financial statements.
• Assist borrowers and loan officers in modifying loans as needed for payment modifications, loan restructuring, collateral release, etc..
• Draft memos for any substantial changes in a borrower's financial stability or ownership structure.
• Keep informed of industry changes, trends, and best practices.

Job Requirements and Qualifications

• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and meet deadlines.
• Proficiency in financial reporting and risk management.
• In-depth understanding of credit analysis, due diligence, and loan documentation.
• Knowledge of bank structures, products, procedures, and the economic environment.
• Understanding of regulatory standards and compliance requirements.

Education and Experience

• Bachelor's degree in Finance, Business Administration, or related field.
• Minimum of 5-8 years of experience in portfolio management, preferably within a community bank or similar financial institution.
• Proven track record in managing complex loan portfolios, including real estate-based and business lending.

Licenses and Certifications

• N/A

Knowledge, Skills, and Abilities

• Experience in real estate-based and business lending, including credit analysis, due diligence, and loan documentation.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to manage multiple tasks and meet deadlines.
• Proficiency in financial reporting and risk management.
• Experience with Abrigo (aka Sageworks) desired.
• Ability to work independently with little supervision.

Physical Requirements

• Ability to sit for long periods of time up to 75% of work hours.
• Ability to travel within Unity Bank's lending footprint to perform site visits
• Ability to use hands to grasp, handle or feel.
• Ability to use computer keyboard and system to enter data and process information.
• Ability to use telephone to communicate with customers and employees.
• Ability to use office equipment such as teller scanner, personal computer, telephone, mobile device, copier,

Working Conditions

• Moderate sound as in business office with office machines, computers, and people traffic.

Compliance

• It is the responsibility of each bank staff member and of management to adhere to policies and procedures designed to implement compliance with the laws and regulations to which the bank is subject. Each bank staff and management member shall be accountable for understanding how compliance with laws and regulations affects the performance of their day-to-day duties, for completing compliance training as assigned and for carrying out those duties in a manner to achieve compliance with those laws and regulations.

All qualified applicants will receive consideration for employment without regard to race, color, age, religion, gender, sexual orientation, gender identity, national origin, protected veteran status or disability.

This job description is not an employment agreement or contract, implied or otherwise. Unity Bank maintains "at will" employment.

This document describes the position currently available. It is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Unity Bank reserves the right to modify duties or job descriptions at any time. Nothing in this job description restricts management's right to assign or reassign duties and responsibilities at any time. Individuals may perform other duties as assigned, including work in other functional areas to cover absences or relief, to equalize peak work periods, or otherwise balance the workload.

Unity Bank is committed to the principles of equal employment opportunity and prohibits discrimination in hiring, promotion and terms and conditions of employment on the basis of race, creed, color, national origin/nationality, ancestry, religion/religious practices or observances, age, sex, gender identity or expression, affectional or sexual orientation, marital status, civil union status, domestic partnership status, disability or perceived disability, atypical hereditary cellular or blood trait, genetic information, and status as a veteran or disabled veteran of, or liability for service in, the Armed Forces of the United States.

Unity Bank commits to making reasonable accommodation to the known physical or mental limitations of qualified individuals with disabilities and qualified disabled veterans provided the individual is able to perform the essential functions of the job, unless such accommodation would impose an undue hardship upon Unity Bank. A qualified employee or job applicant with a disability may request a reasonable accommodation by contacting Unity Bank's human resources department.