Portfolio Officer - CBG

Bbcnbank; Fort Lee (NJ); On-site; USD 85,000 - 90,000; Full time

Benefits offered by this job

Bonus

Benefits

Job summary

Bank of Hope in New Jersey is seeking a Portfolio Officer - CBG to underwrite commercial loans, analyze financial statements, and monitor covenants and reporting. You will prepare credit memos and present loan packages for approval, while gathering collateral information and ensuring compliance with regulatory requirements.

The role involves ongoing financial analysis, site visits as needed, and collaboration with Relationship Managers to grow the loan portfolio.

Qualifications

• Bachelor’s degree in accounting or finance is required.
• 3–5 years of commercial lending experience.
• Intermediate MS Office applications proficiency.

Responsibilities

• Underwrite commercial loans and monitor credit risk and reporting.
• Prepare credit approval memos and submit for loan approval in a timely manner.
• Present loan packages to lending authorities for approval.
• Monitor covenants and conditions per loan agreements and report violations.
• Assist in loan closing and funding per bank procedures.
• Analyze collateral values and insurance coverage; gather supporting documents.

Skills

Financial analysis

Education

Bachelor's Degree in Accounting and Finance

Tools

MS Applications

Job description

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 $85,000.00 annually - $90,000.00 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.