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Portfolio Manager Commercial Real Estate

TAB Bank
Midvale, UT Full Time
POSTED ON 3/4/2025
AVAILABLE BEFORE 6/4/2025

TAB Bank is seeking an experienced Commercial Real Estate Portfolio Manager who is ready to bring their skills and background to this new role. As part of a new team, you will work closely with the Director of CRE in launching this new lending initiative. Primary responsibilities will include underwriting new loan requests and modifications, coordinating loan closings with attorneys, title companies and borrowers as well as conducting ongoing risk monitoring for the portfolio. Successful candidates will have a strong understanding of commercial real estate lending and the ability to work with minimal supervision. This role will be in our the Cottonwood Heights Office with a hybrid work schedule.

Essential Duties and Responsibilities :

  • Underwrite new loan requests and manage existing commercial real estate loan portfolio for loans averaging $5-10 million.
  • Assess the viability of new commercial real estate loan requests including spreading and analyzing financial statements, addressing industry risks, collateral requirements, and loan structure.
  • Prepare prescreen review and complete full underwriting analysis.
  • Determine adequacy of primary and secondary repayment sources using project-specific and global cash flows.
  • Perform ongoing reviews of existing real estate loan portfolio.
  • Analyze financial conditions and trends. Review and report non-compliance with loan covenants.
  • Ensure that all credit files are maintained in a consistent manner and include current financial statements, loan documentation, agency reports, correspondence, etc.
  • Conduct phone interviews with clients to develop a strong understanding of the loan request and the business relationship to ensure the accuracy and completeness of information received for new loan requests and loan modifications.
  • Reconcile proposed construction draw requests to original construction budget.
  • Other duties as assigned.

Education and Experience Requirements :

  • Bachelor's degree in finance, business, accounting or a related field.
  • 3 yrs. experience in commercial real estate lending role.
  • Or a combination of education and experience to meet the requirements.

    • Knowledge, Skills, and Abilities Requirements :

  • Deep knowledge of credit risk analysis and underwriting of loans secured by multi-family, industrial, office and retail properties. Senior housing and self-storage are a plus.
  • Working knowledge of financial statements, real estate appraisals, environmental reports, title policies, and loan documentation.
  • Ability to review and interpret financial statements, rent rolls, and commercial leases.
  • General understanding of construction process including budget tracking, lien waivers, and construction inspections.
  • Ability to work with minimal supervision.
  • Excellent client relationship and communication skills, both verbal and written.
  • Ability to make sound decisions and recommendations with supporting data.
  • Strong Microsoft application knowledge (Excel, Word, Access, and Outlook) and aptitude for grasping and using various bank software applications
    • TAB Bank Offers :
  • Onsite Gym
  • Tuition Reimbursement
  • Paid Holidays
  • Gym Reimbursement
  • College Scholarships for Employees and Families
  • 401(k)
  • Paid Time Off (PTO)
  • Employee Assistance Program (EAP)
  • I Made the Grade
  • Holiday Club Program
  • Medical, Dental, Vision, Life and AD&D, Voluntary Disability, Flex Spending & Dependent Care

    • TAB Bank will not sponsor applicants for work visas.

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