VP, Loan Portfolio Manager

Cathay Bank in; California (MO); On-site; USD 97,000 - 130,000; Full time

Benefits offered by this job

Health insurance

Dental insurance

Vision insurance

Life insurance

401(k) with company contributions

HSA with company contributions

Job summary

Cathay Bank in the United States is seeking a Portfolio Manager to oversee and grow a commercial loan portfolio, maintain client relationships with SRMs, and identify new lending opportunities. You will ensure credit quality, participate in underwriting, and collaborate with underwriters and loan support staff to deliver best-in-class service while following bank policies.

The role emphasizes risk management, cross-selling of bank products, and timely credit decisions in a fast-paced

Qualifications

• Bachelor's degree in a related field, preferred.
• 5–7 years of loan account relationship management or underwriting experience.
• Strong knowledge of lending regulations and credit/underwriting practices.
• Experience with cross-selling banking products.
• Proficient in PC applications and banking software; strong communication skills.

Responsibilities

• PM works with SRMs and Team Managers to monitor and manage credit quality of the portfolio.
• Review to ensure each credit is properly risk rated.
• Maintain and grow existing client relationships; cross-sell other products and services.
• Underwrite and originate new credits from existing client base; monitor renewals and amendments.
• Collaborate with underwriters and loan support staff to prepare the CCR.
• Review client accounts and portfolios to identify and address credit quality issues to maximize quality and minimize risk.
• Ensure compliance with bank, regulatory and credit requirements with emphasis on customer service and deadlines.

Skills

PC proficiency

Communication skills

Bilingual English/Mandarin or Canton**

Independent work

Organized

Time management

Education

Bachelor's degree in related field

Job description

Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.

Portfolio Manager ("PM") is responsible for maintaining and monitoring existing commercial loan portfolio and work closely with the SRM who owns the relationship of these accounts. PM is expected to maintain close contact with these clients and leverage the relationship to identify and bring in additional new business opportunities, both in loans and Bank's other products and services. PM is expected to provide "best-in-class" service to these loan clients while following established Bank's policies and procedures.

ESSENTIAL FUNCTIONS

• PM is to work closely with SRM(s) and Team Managers on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
• Review to ensure each credit is properly risk rated based on the Bank's risk rating system.
• Maintain and grow existing client relationships, cross-sell Bank's other products and services.
• Specifically accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments and annual reviews.
• Work with designated underwriter, loan assistants and other loan support staff to prepare the Credit Commitment Report ("CCR")
• Reviews client's accounts and portfolios in order to identify, evaluate and determine the appropriate course of action on potential credit quality issues in order to maximize credit quality and minimize risk and potential loss to the Bank.
• Ensure compliance with Bank, regulatory and credit requirements with emphasis on best-in-class customer service while adhering to required timeframes from the client.

QUALIFICATIONS

• Education: U.S. College graduate with major in related fields, strongly preferred.
• Experience:
  • 5-7 years of loan account relationship management experience, credit underwriting experience or a combination of both. Thorough knowledge of lending regulations and credit/underwriting practices.
  • Must have strong loan portfolio management experience.
  • Must possess strong loan negotiation (rates, terms, collateral requirements) experience.
  • Must possess previous underwriting experience in the requisite area of commercial lending.
  • Must have extensive knowledge and understanding of Bank's credit policy, risk management, underwriting requirements and loan servicing.
  • Must have strong knowledge and understanding of commercial and specialty group banking products and services and have demonstrated ability to cross-sell such products.
• Skills/Ability: PC proficient. Excellent verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) a plus but not required. Ability to work well independently to restructure loans and/or lines of credits. Must be organized and detail oriented and able to multi-task. Ability to work effectively in a fast paced, high production and team environment. Excellent time management skills and be accustomed to working with deadlines. Ability to assume responsibility and accountability for decision-making. Ability to communicate effectively with all levels of Bank personnel.

OTHER DETAILS

Pay Range: $97,000 - $130,000 / year
Pay determined based on job-related knowledge, skills, experience, and location.
This position may be eligible for a discretionary bonus.

Cathay Bank offers itsfull-timeemployees a competitive benefits package which is a significant part of their total compensation. It is our goal to provide employees with a comprehensive benefits package to fit their needs which includes, coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, and flexible spending accounts (FSAs), health saving account (HSA) with company contributions, voluntary coverages, and 401(k).

Cathay Bank may collect personal information from potential job candidates and applicants. For more information on how we handle personal information and your applicable rights, please review our California Job Applicant Privacy Policy .

Cathay Bank is an Equal Opportunity and Aff… We welcome applications for employment from all qualified candidates, regardless of race, color, ethnicity, ancestry, citizenship, gender, national origin, religion, age, sex (including pregnancy and related medical conditions, childbirth and breastfeeding), reproductive health decision-making, sexual orientation, gender identity and expression, genetic information or characteristics, disability or medical condition, military status or status as a protected veteran, or any other status protected by applicable law.