What are the responsibilities and job description for the Lender Finance Relationship Manager position at Cross River?
Who We Are
Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.
We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.
What We're Looking For
Cross River’s Lender Finance team is looking for an experienced Lender Finance Relationship Manager to join the team and support business growth. The position will be responsible for monitoring ongoing portfolio performance within the Lender Finance team and may also be called upon to help with closing and structuring new loans on an as needed basis. The person is expected to independently manage the lender finance loan portfolio from loan closing to loan repayment, and to help manage and coordinate with a team of loan servicers, underwriters, and analysts.
Responsibilities:
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.
Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion.
We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services. While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.
What We're Looking For
Cross River’s Lender Finance team is looking for an experienced Lender Finance Relationship Manager to join the team and support business growth. The position will be responsible for monitoring ongoing portfolio performance within the Lender Finance team and may also be called upon to help with closing and structuring new loans on an as needed basis. The person is expected to independently manage the lender finance loan portfolio from loan closing to loan repayment, and to help manage and coordinate with a team of loan servicers, underwriters, and analysts.
Responsibilities:
- Maintain oversight of the lender finance portfolio, including managing ongoing relationships with borrowers, monitoring loan covenants and borrower deliverables, and tracking compliance with all terms of the underlying loans
- Analyze borrower-prepared and third-party reports including financial statements, borrowing base certificates, appraisals, insurance, engineering reports, and collateral field examinations
- Manage the asset pledge process and borrowing bases
- Identify potential risks, propose constructive solutions for portfolio concerns, and establish and negotiate terms for approval
- Manage the process for extensions, amendments, and waivers on existing loans
- Oversee relationships with loan syndication partners
- Prepare risk rating evaluations and portfolio level credit monitoring to risk management on a timely basis
- Assist and coordinate with the underwriting of new lender finance loans and pledges on an as needed basis
- Participate in special projects and requests related to the management of the portfolio and the overall lender finance lending effort
- Build and maintain industry relationships and identify possible new loan opportunities
- Maintain current knowledge of internal policies, as well as economic, financial, political, and legislative trends to determine possible impacts on lending trends
- Perform other duties as assigned
- 5-10 years of experience in a portfolio management, credit analysis, or loan underwriting role with a strong preference in lender finance
- Strong understanding of credit policies and procedures and the ability to appropriately assess and monitor the risk associated with new and existing loans;
- High proficiency in financial statement analysis and Excel-based modeling;
- Experience with loan structuring and legal documentation review
- Strong quantitative and qualitative analytical skills
- Strong oral and written communications skills
- Excellent interpersonal skills and the ability to develop and maintain relationships
- Detailed-oriented and self-motivated team player with a strong work ethic
- Well organized and able to work under pressure, multi-task, and meet deadlines
- Proficiency with Microsoft Office products
- Willingness to travel
- Bachelor’s degree in Finance, Accounting, Economics, or a related field preferred
Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.
By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided. We will only contact you with job related information.
Salary : $125,000 - $175,000
