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CRE Portfolio Manager

Company: Citizens
Location: Howell
Posted on: November 21, 2022

Job Description:

DescriptionCitizens and Investors Bank are now one company. Together, we're ready to help our customers, colleagues and communities reach their potential. Our expanded footprint and product offerings will allow us to serve even more people around the country. We're thrilled to bring two companies together that value diversity, professional development and social responsibility. -

  • Use business expertise and industry knowledge to evaluate risk and make credit and loan structure recommendations based on extensive due diligence of collateral, sponsors, tenants, and market expertise.
  • Manage transactions independently and will generally work on larger and more complex situations.
  • Support Relationship Managers in maintaining high quality business by actively managing risk and identifying business opportunities through strong credit analysis, active portfolio management and extensive industry knowledge.
  • Responsibilities
  • Assesses creditworthiness of existing and potential CRE borrowers by evaluating property level cash flow and completing extensive due diligence of collateral, sponsors, tenants and markets. Identifies, investigates, and escalates credit concerns or questions. Ensures that all CRE loans conform to the Bank's lending policies and procedures.
  • Prepares credit memorandums summarizing transaction fundamentals, credit analysis and due diligence for new and existing commercial real estate loan transactions. Makes recommendations on transaction risk rating. Makes recommendations on loan structure to mitigate identified risks. Corresponds with borrowers and loan brokers to obtain and/or clarify property and borrower related information for new loan origination or existing loan portfolio management.
  • Supports Relationship Managers in maintaining high quality business by actively managing risk and identifying business opportunities through strong credit analysis and active portfolio management. Works with loan closers, external counsel and others to resolve credit related issues during the loan origination, review and closing process. Assists customers in addressing loan modification and amendment requests.
  • Develops working knowledge of existing customers and prospects to monitor ongoing customer performance and ability to pay. Makes appropriate recommendations to reduce risk for past due accounts, matured loans or others exhibiting potential credit weakness.
  • Enhances industry and market expertise by completing site visits, maintaining active industry network and evaluating the impact of actual and potential changes in market dynamics. Analyzes data and prepares special reports for senior management.Qualifications -
    • College degree (or equivalent experience)
    • 3+ years of related experience with a minimum of 3 -years' experience in commercial real estate lending, underwriting or risk management
    • Knowledge of commercial real estate markets and industry dynamics
    • Effective negotiation, risk management and communications skills
    • Ability to multi-task in a fast-paced environment.
    • Strong analytical skills and attention to detail.
    • Strong communication skills.
    • Self-starter with ability to work independently.Special Position Requirements
      • Sitting for prolonged periods
      • Reading small print
      • Telephone for prolonged periods
      • Computer for prolonged periodsHours and Work ScheduleHours per Week:40Work Schedule: -M-F Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.Why Work for UsAt Citizens, you'll find a customer-centric culture built around helping our customers and giving back to our local communities. When you join our team, you are part of a supportive and collaborative workforce, with access to training and tools to accelerate your potential and maximize your career growth.Equal Employment OpportunityCitizens, its parent, subsidiaries, and related companies provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.Equal Employment and Opportunity Employer/Disabled/VeteranCitizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.

Keywords: Citizens, Brick , CRE Portfolio Manager, Executive , Howell, New Jersey

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