Senior C&I Portfolio Manager & Loan Administrator

Amalgamated Bank of NY

New York, NY, USA

Published: 6/14/2022

Full Time

Job Description

Amalgamated Bank is seeking for a Senior C&I Portfolio Manager & Loan Administrator who will be responsible for managing the process of tracking, underwriting, approving, funding, and managing commercial and industrial loan relationships. In addition, the role will be responsible for overseeing the portfolio management team and coordinating the workflow within the department.

The Senior Portfolio Manager may take on complex portfolio management duties and delegate other PM responsibilities to the team; these responsibilities include underwriting loan renewals, coordinating receipt of financial information, covenant tracking and compliance monitoring, review of borrowing base certificates, performing annual credit reviews, and ongoing analysis and input of ABL, A/R, and inventory formulas. The role works directly with borrowing customers, the underwriting team, and Credit Risk Management to negotiate with customers and generate credit authorizations, compliance memos, and risk rating changes. This position is also responsible for ensuring appropriate input into loan origination and tracking systems and providing management reports including pipeline, loan status, and loan completion rates. The position requires an experienced banker with strong credit ability, excellent communication skills, management capability, and adroit customer relationship management.

By joining our team, you’ll be joining a Bank that believes that that maintaining a diverse and inclusive workplace where everyone feels valued and respected is essential for us to grow as a company. We are dedicated to building a more equitable world in our everyday practices by embracing the values of our employees and customers.

Essential Job Functions:

Loan Administration
1. Oversee accurate data entry into the bank’s Loan Origination System (Global Wave)
2. Monitor and measure various stages of loan production, including pipeline reports, term sheets, underwriting, approval, documentation, and funding.
3. Manage the timely completion of financial statement reporting, covenant monitoring, and annual credit reviews.
4. Provide management reports to include:
  1. loan completion rates
  2. past due loan payments
  3. missing/delinquent financial statements
  4. covenant violations
  5. completed and outstanding Annual credit reviews
Portfolio Management
1. Provide ongoing oversight of the portfolio management function to include:
  1. Management of departmental workflow
  2. Assignment of duties within the team
  3. Setting appropriate customer service standards
  4. Evaluation and annual review of direct reports
  5. Recommendations for departmental training and resources
2. Ensure efficient portfolio management of the C&I portfolio, including:
  1. Post-closing management of commercial loan relationships
  2. Request information when due, analyzing financial statements
  3. Prepare and present credit authorizations for approval following bank policy guidelines
Leadership
1. Motivate team members.
2. Provide input to supervisor on policies and procedures.
3. Recommend ways to improve the organization.
Management (Dependent on Regional Office Needs)
1. Responsible for managing a team of portfolio managers.
2. Oversee regional portfolio management process and department work assignments.
3. Provide monitoring/training to ensure complete and thorough analysis of new credit requests and renewals in a timely basis.
4. Set goals, perform annual performance reviews and oversee direct reports as assigned.
Perform other duties as directed.

Knowledge, Skills and Experience Requirements:

Bachelor’s degree in Business Administration, Finance or Accounting
6+ years of relevant experience in commercial credit analysis /underwriting
Formal credit training preferred
Demonstrated knowledge of loan structures and treasury products
Ability to analyze financial statements and understand critical lending/financial ratios
Supervisory experience preferred
Excellent negotiation skills
Sufficient knowledge of Federal and State banking regulations (including but not limited to BSA, OFAC, Reg B, Reg O, Reg Z, and Reg BB) and Bank Policies pertinent to performance of duties to avoid regulatory violations
Proficiency in the use of Microsoft Office applications
Communication: speaks clearly and effectively, is thoughtful, persuasive; writes clearly and informatively; varies writing style to meet client needs
Business acumen: understands business implications of decisions; displays orientation to profitability; demonstrates knowledge of market and competition; aligns work with strategic goals and performance objectives
Judgment: exhibits sound and accurate judgment; can clearly explain reasoning for decisions; includes appropriate people in decision-making process; demonstrates persistence and overcomes obstacles; takes calculated risks within bank tolerance to accomplish goals
Professionalism: reacts well under pressure; treats others with respect and consideration; accepts responsibility for own actions; follows through on commitments, able to present concise arguments, can disagree and accept disagreement without undue emotion or resorting to personal attacks
Problem solving: identifies and resolves problems in a timely manner; works with others to solve complex issues
Customer service: responds efficiently and cordially to requests for service and assistance within bank customer service standards; meets commitments
Dependability: completes tasks on time; takes responsibility for own actions; can be relied upon
Teamwork: promotes team goals over individual accomplishment; provides assistance and guidance to other team members; participates in team activities

Our job titles may span more than one career level. The starting base salary for this role is $150,000.00 - $160,000.00. The actual base pay is dependent upon many factors, such as: training, transferrable skills, work experience, business needs and market demands. The base pay range is subject to change and may be modified in the future.

Amalgamated Bank is an Equal Opportunity and Affirmative Action Employer, Minorities / Females / Individuals with Disability / Veterans. AmeriCorps, Peace Corps and other national service alumni are encouraged to apply. View our Pay Transparency Statement. Submission of a resume or any information regarding your qualifications does not constitute a promise or offer of employment. At Amalgamated Bank, we consider an applicant to be someone who has interviewed at least once, in person, with the hiring manager. Amalgamated Bank does not sponsor applicants for work visas.

Hybrid Work Model
Effective February 18, 2025, employees in office-based positions will be working a Hybrid work schedule consisting of three days or more, on-site per week, Monday - Thursday, although the specific days may vary by site or organization, with Friday designated as a remote-working day, unless business critical tasks require an on-site presence. This Hybrid work model does not apply to, and daily in-person attendance is required for, the contact center, branch service roles, and general services where the work to be performed is located at a Company site; positions covered by a collective-bargaining agreement (unless the agreement provides for hybrid work); or any other position for which the Company has determined the job requirements cannot be reasonably met working remotely. Please note, this Hybrid work model guidance does not apply to roles that have been designated as “remote”.
Search Firm Representatives- Please Read Carefully
Amalgamated Bank does not accept unsolicited assistance from search firms for employment opportunities. All CVs / resumes submitted by search firms to any employee at our company without a valid written search agreement in place for the position will be deemed the sole property of our company. No fee will be paid in the event a candidate is hired by our company as a result of an agency referral where no pre-existing agreement is in place. Where agency agreements are in place, introductions are position specific. Please, no phone calls or emails.