Portfolio Officer - CBG

Bank of Hope; Fort Lee (NJ); Sur place; USD 72 000 - 78 000; Plein temps

Résumé du poste

Bank of Hope is seeking a Portfolio Officer - CBG in Fort Lee, NJ, to perform financial and cash flow analyses for commercial loan underwriting. The role requires presenting loan packages to lending authorities and ensuring timely credit approvals.

Responsibilities include monitoring covenants, reporting, and assisting in loan closings. A Bachelor’s in Accounting/Finance with 3–5 years of lending experience is required. Salary range is $72,000–$78,000 plus bonus and benefits.

Qualifications

• Bachelor’s degree in accounting and finance is required.
• 3–5 years of commercial lending experience.
• Intermediate MS Applications / computer skills.

Responsabilités

• Underwrite commercial loans and monitor/report credit performance.
• Prepare credit approval memos and present loan packages for approval.
• Monitor loan covenants and notify supervisors of violations.

Connaissances

MS Applications

Formation

Bachelor’s Degree in Accounting and Finance

Description du poste

As the Portfolio Officer - CBG, you will be responsible for commercial loan underwriting and credit monitoring/reporting. As part of loan underwriting, you should be able to perform financial analysis and cash flow analysis with good analytical skills. You will be asked to monitor financial covenants and reporting conditions per loan agreement and to report any violation to manager. You will be asked to submit credit approval memo in timely manner for loan approval. In addition, you should be able to present the loan package to appropriate lending authority for approval.

• Keep abreast of industry changes, local economic, financial and legislative events which may have an impact on commercial lending activities.
• Analyze cash flow, liquidity, profitability, leverage and other financial ratios and be able to come to various conclusions, including evaluation of collateral and other relevant credit information.
• Prepare loan presentations that include all pertinent information associated with the overall risk of the loan, identifying the strengths and weaknesses of borrower’s surrounding credits.
• Recommend or deny loan requests in conformance with banking regulations and Bank’s loan policies and procedures.
• Gather documents to perfect the security interest in collateral, if applicable.
• Detect early warning signs of problem loans and immediate notification to a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.
• Monitor loan covenants and conditions per loan agreement and report any violation to manager.
• Assist in loan closing and funding including obtaining signatures on loan documents according to the Bank’s procedures.
• Analyze collateral values and insurance coverage.
• Collect loan accounts and overdraft information.
• Submit reports of calls made and document customer contact.
• Meet customers regularly and seek opportunities to grow relationship.
• Conduct site visits and on-site interviews under the supervision of a portfolio manager.
• Comply with regulatory requirements including but not limited to: Reg B, HMDA, Bank Secrecy Act, OFAC, and USA Patriot Act, CRA, Privacy, and Security.
• Comply with the Bank’s security program, including but not limited to:
  • Review and comply with the End-User Computing Agreement.
  • Acquire good knowledge on functions and usage of computer systems as related to the assigned job functions.
  • Be current and knowledgeable in industry’s trend in safeguarding the Bank against confidential data leak, identity theft, fraudulent activities, and computer security threats.
  • Reports suspicious activities to manager, Chief Risk Officer or Information Security Officer.
• Occasional local travel is required, as may participate in client meetings with Relationship Managers.
• Participate in community organizations and/or events to help the Bank meet its CRA Objectives.
• All other reasonable duties as assigned.

Job Qualifications/Requirements

Education/Credentials

• Minimum Education Level: Bachelor’s Degree, preferably in Accounting and Finance

Prior Experience

• Minimum Job Experience: 3-5 years of commercial lending experience

Skills

• Computer/software skills: Intermediate with MS Applications

The salary range for this full-time position is $72,000.00 annually - $78,000.00 annually + bonus + benefits

Salary ranges are determined based on qualifications, level, and location.

Exact compensation may vary based on your skills and experience.

Bank of Hope is an equal employment opportunity employer and does not discriminate on the basis of race, color, gender, religion, age, sexual orientation, genetic information, national or ethnic origin, disability, marital status, veteran status or any other basis protected by federal, state, or local law.

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.