Portfolio Manager Officer

Dollar Bank, FSB; Cleveland (OH); Hybrid; USD 88,000 - 99,000; Full time

Benefits offered by this job

Hybrid schedule

Job summary

Dollar Bank, FSB is seeking an experienced Private Banking Underwriter to analyze complex loan requests and underwrite new and renewal applications. The role involves collateral analysis, cash flow reviews, and coordination with lenders to resolve issues.

Successful candidates will have a Bachelor's degree or equivalent experience and at least 3 years in underwriting. A hybrid schedule is available after training and supervisor approval.

Qualifications

• Bachelor's Degree required or commensurate experience.
• Three years of underwriting consumer or commercial loan applications.
• Strong organizational and prioritization abilities.
• Ability to work under pressure and meet deadlines.
• Excellent verbal and written communication skills.
• Familiarity with loan systems, policies, and procedures.

Responsibilities

• Obtain credit reports on all applications.
• Complete collateral analysis to verify loan viability.
• Review credit information and financial statement spreads.
• Prepare credit proposals with analyses and calculations.
• Assemble information for renewal or review of facilities.
• Conduct underwriting and cash flow calculations for loans.
• Monitor insurance, documentation, and financial data.
• Create and maintain credit files; perform servicing.
• Draft internal and external correspondence.
• Collaborate with other departments on portfolio needs.
• Adhere to risk management and regulatory requirements.

Skills

Credit analysis

Financial statement analysis

Cash flow analysis

Communication skills

Organization & prioritization

Problem solving

Education

Bachelor's Degree

3+ years underwriting experience

Tools

CRM software

Microsoft Word

Excel

Loan documentation software

Job description

If you enjoy analyzing complex financial profiles and interacting with our private banking clients, this is the right opportunity for you! The Private Banking Department provides the Bank's products and services to high-net-worth individuals in a highly personalized, professional, and timely manner. The incumbent will underwrite all new loan/renewal applications and work with lenders to remedy underwriting issues. Candidate will have the opportunity to work a hybrid schedule after successful training and supervisor approval.

Education and Experience Requirements

• Bachelor's Degree required. Will consider commensurate experience.
• Three (3) years of experience underwriting consumer, or commercial loan applications .

Knowledge, Skill, and Ability Requirements

• Good organizational/priority setting skills; ability to work on multiple tasks.
• Ability to work under pressure and meet deadlines.
• Strong verbal and written communication skills.
• Ability to learn the commercial loan system, products, services, policies and procedures.
• Ability to apply job knowledge and good judgment to problem solving/decision making situations.
• Attention to detail is a must.
• Working knowledge of Microsoft Word, Excel, CRM software, and loan documentation software.

Essential Functions

• Obtain credit reports on all applications.
• Complete collateral analysis to verify it will support the loan/renewal request.
• Review all credit information and financial statement spreads.
• Prepare credit proposals including analysis and calculations necessary to assess transaction and viability of transaction.
• Assemble and compile the information necessary for renewal or review of credit facilities.
• Conduct underwriting and calculate cash flow of expired/matured loans and preparing credit proposals for renewal.
• Monitor expired insurance, missing loan documentation and financial information.
• Create and maintain credit files.
• Perform servicing and maintenance of accounts/relationships.
• Compose both internal and external correspondence.
• Perform other duties, as necessary.
• Work with other commercial departments on their portfolio management needs
• All employees have the responsibility and the accountability to serve as risk managers for their businesses by understanding, reporting, responding to, managing and monitoring the risk they encounter daily as required by Dollar Bank's risk management program. Compliance with regulatory laws and company procedures is a required component of all position descriptions.

Compensation

$87,700-$99,100