What are the responsibilities and job description for the C&I Portfolio Manager position at Amalgamated Bank of NY?
The Commercial Portfolio Manager III is responsible for managing existing loan relationships in collaboration with a Commercial Banker.
Portfolio Managers must have excellent credit analysis and writing skills, as Portfolio management duties include underwriting loan renewals and modifications; acting as the primary point of contact for existing loan relationships; coordinating receipt of financial information; covenant tracking and compliance monitoring; and review of borrowing base certificates and accounts receivable aging schedules. S/he will work directly with borrowers, the underwriting team, internal and external legal counsel, loan servicing department, and Credit Risk Management to generate credit authorizations (i.e. loan modifications, risk rating changes) for internal approval and documentation. The position requires a proactive banker with strong credit acumen, excellent communication skills, adroit customer relationship management, as well as the ability to effectively prioritize multiple requests and meet tight deadlines. This position may also manage junior staff.
Knowledge/experience with nonprofits and/or sustainable energy markets a plus.
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:
- Portfolio Management
- Provide ongoing daily management of a growing portfolio of loan relationships and promptly respond to incoming requests/inquiries from borrowers.
- Prepare and present credit approval memoranda for approval following bank policy guidelines. Writing must be clear, concise, and accurately address the relevant creditworthiness of the borrower.
- Request information from borrowers when due, analyze financial statements, structure and underwrite new credit requests such as loan modifications and renewals.
- In collaboration with commercial banker, negotiate rates, fees, and terms with clients that meet Bank ROE guidelines.
- Work directly with bank’s counsel to help prepare loan documentation for borrower to execute.
- Manage assigned loan portfolio within bank policy and customer service standards.
- Communicate effectively about bank products to customers.
- Address issues and provide solutions for existing borrowers.
- Review financial statements on an ongoing basis for covenant compliance.
- Monitor monthly borrowing base certificates and confirm availability.
- Organize and maintain credit files.
- Prepare and present reports for internal meetings (i.e. loan quality meetings)
- Prepare responses for information requests from internal and external auditors.
- Direct loan payments and reserve account distributions per payment waterfall schedules in loan agreements.
- Identify and report problem accounts in a timely manner.
- Monitor changes in borrower risk and recommend appropriate upgrades/downgrades.
- Leadership
- Proactively manage loan relationships by setting appropriate client expectations and meeting deadlines.
- Proactively keep management, commercial bankers and other team members informed on the progress with client requests and other deliverables.
- Demonstrate ability and capacity to manage junior team members
- Support efforts of other team members.
- Provide input to supervisor on policies and procedures.
- Recommend ways to improve the organization.
- Management
- This position may manage junior staff members.
Knowledge, Skills and Experience Requirements:
- Bachelor’s degree in, Finance or Accounting or equivalent experience
- 3-5 years prior relevant experience in commercial credit analysis /underwriting/portfolio management
- Formal credit training and minimum of five (5) years of underwriting and account management experience within a commercial banking lending environment
- Demonstrated knowledge of loan structures and treasury products
- Ability to analyze financial statements and understand critical lending/financial ratios
- 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
- Highly proficient in MS excel, including financial analysis and modeling
- 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; detail oriented; ability to prioritized effectively and meet deadlines; 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 $120,000.00 - $145,000.00. 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.
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”.
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.
Salary : $120,000 - $145,000
