Overview
Role Summary:
The Portfolio Manager – PRO CRE is responsible for conducting comprehensive credit analyses of non-owner occupied commercial real estate loans to support the approval process. They must have expertise in various lending facilities and CRE product types, such as retail, office, multi-family, lodging, industrial, and senior living. The role involves monitoring the real estate portfolio through regular reviews of financial data, identifying negative trends, and ensuring compliance with loan covenants.
Key Responsibilities:
- Review rent rolls, operating statements, and financial reports for trends and issues.
- Identify portfolio weaknesses and alert relevant managers to deteriorating conditions.
- Prepare covenant checks and handle loans out of compliance, updating systems accordingly.
- Monitor construction loans via inspection reports and borrower projections.
- Conduct annual portfolio reviews and update risk models based on project completion or changing conditions.
- Manage upcoming loan maturities and renewals in collaboration with Relationship Managers.
- Track past dues and overdrafts, working to resolve issues.
- Ensure accurate coding of loans in systems and alignment of covenant definitions with loan agreements.
- Review loan documentation, respond to deficiencies, and maintain portfolio monitoring records.
- Participate in client meetings and portfolio reviews with stakeholders.
Qualifications & Skills:
- Bachelor’s degree in business, accounting, or finance; Master’s preferred.
- At least 7 years of commercial credit experience, including underwriting CRE loans.
- Experience in credit analysis, underwriting, or portfolio management.
- Proficiency in Microsoft Office suite.