Portfolio Manager
Company: Cal Private Bank
Location: Beverly Hills
Posted on: May 12, 2022
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Job Description:
Description:
CalPrivate Bank is an equal opportunity employer committed to
diversity, equity and inclusion in the workplace.Job Title:
Portfolio ManagerDepartment: Credit AdministrationReports To:
Director of Portfolio ManagementFSLA Status: EXEMPTJob SummaryUnder
the guidance of the Director of Portfolio Management, this position
is responsible for the management of commercial lending portfolios
and respective borrower relationships, to maximize recovery and
mitigate loss. Provide an exemplary level of client service on all
commercial lending relationships, whether in a primary or support
role. The position may also assist Credit Managers with loan
renews.Duties and ResponsibilitiesPortfolio ManagementAnalyze
problem loans and make recommendations to foreclose, repossess, or
liquidate collateral when applicable.Handle collections and
charge-off accounts, assist lending officers on non-special assets
accounts and prepare management reports as required.Prepare
documentation to request repurchase of SBA loans sold on secondary
market.Recommend legal actions, bankruptcy, foreclosure and
judgement processes and repossession or replevin actions in
accordance with Bank policy and SBA SOP. Including direct
communications in negotiations and meeting with attorneys and
borrowers.Prepare financial analysis, criticized asset reports,
annual loan reviews, covenant monitoring and underwriting renewal
loan request as applicable.Recommend risk rating changes as
appropriate.Contact's borrowers and/or Relationship Managers for
financial documents required to meet loan covenants and loan
reviews requirements. Reviews credit memos, BLA and tickler report
to ensure consistency.Complete covenant compliance memo for
approval and file record.Regularly reviews the portfolio to ensure
credit quality.UnderwritingReceive and analyze information from
Relationship Managers and prepare credit memorandum.Submit CAM to
Credit Manager for approval and provide support to loan processors
as needed to close approved loans..
Requirements:
QualificationsBachelor's Degree in Finance, Accounting, Business
Administration or a related field, or equivalent experience.Minimum
of 5 years of related experience and/or training or equivalent
combination of education and experience.Minimum of 5 years prior
work experience in SBA workout & liquidation, commercial loan
underwriting, loan portfolio management or equivalent at a
commercial bank.Comprehensive knowledge of banking procedures,
lending and practices to include regulatory rules and guidelines
affecting Bank lending operations, commercial lending and real
estate lending.Competencies/Skills Needed3-5 years prior work
experience in SBA workout & liquidationKnowledge of SBA
SOP.Knowledge of SBA 10-Tab files and SBA Wrap up Report.Knowledge
of bankruptcy, workout, UCC, litigations, foreclosure, and
disposition of collateral.Knowledge in financial analysis, with the
ability to assess business financial statements and restructure SBA
loans accordingly.Knowledge in SBA and C&I loan
documentationExcellent verbal and written communication
skills.Excellent organizational and time management skillsAbility
to handle multiples tasks at once.Detailed oriented and
accurateAble to meet deadlines and workload demands.Ability to work
effectively with a variety of individuals, strong interpersonal
skills.Proficient in Microsoft Excel and Microsoft WordBusiness
acumen to effectively interact with clients.Team focused and
solution oriented.Must consistently provide the highest level of
customer service.PI177071088
Keywords: Cal Private Bank, Beverly Hills , Portfolio Manager, Executive , Beverly Hills, California
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