AVP C&I Portfolio Manager

AVP C&I Portfolio Manager -Bergen County, NJ

FinTrust Connect is excited to announce that we have partnered with a well-capitalized regional bank in search of an experienced C&I Portfolio Manager. This candidate will be responsible to help providing ongoing credit oversight and portfolio management of the C&I loans through annual reviews, and monitoring of covenant compliance.

Why this Opportunity?

• Culture: This bank values a strong team-oriented culture that prioritizes inclusivity and professional development. They believe in creating a supportive and collaborative work environment where all employees feel valued and empowered to reach their full potential. This institution is committed to fostering a positive and family-like atmosphere within the bank and to provide opportunities for career advancement and growth for their employees.

• Workplace (On-site, Hybrid, Remote): Hybrid (4 in office/1 at home) in Elmwood Park, NJ.

• Function: Take on full account management responsibility for C&I loans and provide ongoing credit oversight and portfolio management through annual reviews, monitoring of covenant compliance, and the creation and maintenance of Watch List credits.

Requirements:

• College degree
• Minimum of three (3) years of experience in managing significant C&I loans (above $5M-7.5M)
• Formal credit training
• Excellent underwriting knowledge, specifically in non-small business lending environments

Description:

• Assume full account management responsibility for C&I loans.
• Interact with Loan Officers, Borrowers or CPAs to obtain necessary financial information required to complete annual reviews.
• Consult with customers regarding their financial performance trends and pro-actively anticipate and manage deteriorating credits.
• Negotiate and recommend for approval, financial covenant waivers and loan modifications.
• Manage and track borrowing bases, A/R Aging, etc.
• Manage portfolio risk on a forward and proactive basis with respect to economic and industry trends, borrower concentrations, industry concentrations, likelihood of default and loss and criticized and classified loan migration.
• Recommend specific action plans upon identifying increased borrower credit risk to mitigate non-performing / non-accrual loan status.
• Daily monitoring of all overdrafts for C&I relationships.
• Order appraisals, flood searches, and credit reports.
• Assist SVP Director of Portfolio Management with monthly reporting as required.