CRE Portfolio Manager
Los Angeles, California
Employer: Citizens Financial Group
Industry: Commercial Banking
Salary: Competitive
Job type: Full-Time
Description
We are currently identifying candidate for a CRE Portfolio Manager!
Commercial Real Estate Portfolio Manager
Responsibilities
Qualifications
Special Position Requirements
Hours and Work Schedule
Hours per Week:40
Work Schedule: M-F
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
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We are currently identifying candidate for a CRE Portfolio Manager!
Commercial Real Estate Portfolio Manager
- Use business expertise and industry knowledge to evaluate risk and make credit and loan structure recommendations based on extensive due diligence of collateral, sponsors, tenants, and market expertise.
- Manage transactions independently and will generally work on larger and more complex situations.
- Support Relationship Managers in maintaining high quality business by actively managing risk and identifying business opportunities through strong credit analysis, active portfolio management and extensive industry knowledge.
Responsibilities
- Assesses creditworthiness of existing and potential CRE borrowers by evaluating property level cash flow and completing extensive due diligence of collateral, sponsors, tenants and markets. Identifies, investigates, and escalates credit concerns or questions. Ensures that all CRE loans conform to the Bank's lending policies and procedures.
- Prepares credit memorandums summarizing transaction fundamentals, credit analysis and due diligence for new and existing commercial real estate loan transactions. Makes recommendations on transaction risk rating. Makes recommendations on loan structure to mitigate identified risks. Corresponds with borrowers and loan brokers to obtain and/or clarify property and borrower related information for new loan origination or existing loan portfolio management.
- Supports Relationship Managers in maintaining high quality business by actively managing risk and identifying business opportunities through strong credit analysis and active portfolio management. Works with loan closers, external counsel and others to resolve credit related issues during the loan origination, review and closing process. Assists customers in addressing loan modification and amendment requests.
- Develops working knowledge of existing customers and prospects to monitor ongoing customer performance and ability to pay. Makes appropriate recommendations to reduce risk for past due accounts, matured loans or others exhibiting potential credit weakness.
- Enhances industry and market expertise by completing site visits, maintaining active industry network and evaluating the impact of actual and potential changes in market dynamics. Analyzes data and prepares special reports for senior management.
Qualifications
- College degree (or equivalent experience)
- 4+ years of related experience with a minimum of 3 years' experience in commercial real estate lending, underwriting or risk management
- Knowledge of commercial real estate markets and industry dynamics
- Effective negotiation, risk management and communications skills
- Ability to multi-task in a fast-paced environment.
- Strong analytical skills and attention to detail.
- Strong communication skills.
- Self-starter with ability to work independently.
Special Position Requirements
- Sitting for prolonged periods
- Reading small print
- Telephone for prolonged periods
- Computer for prolonged periods
Hours and Work Schedule
Hours per Week:40
Work Schedule: M-F
Some job boards have started using jobseeker-reported data to estimate salary ranges for roles. If you apply and qualify for this role, a recruiter will discuss accurate pay guidance.
Equal Employment Opportunity
At Citizens we value diversity, equity and inclusion, and treat everyone with respect and professionalism. Employment decisions are based solely on experience, performance, and ability. Citizens, its parent, subsidiaries, and related companies (Citizens) provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to age, ancestry, color, citizenship, physical or mental disability, perceived disability or history or record of a disability, ethnicity, gender, gender identity or expression (including transgender individuals who are transitioning, have transitioned, or are perceived to be transitioning to the gender with which they identify), genetic information, genetic characteristic, marital or domestic partner status, victim of domestic violence, family status/parenthood, medical condition, military or veteran status, national origin, pregnancy/childbirth/lactation, colleague's or a dependent's reproductive health decision making, race, religion, sex, sexual orientation, or any other category protected by federal, state and/or local laws.
Equal Employment and Opportunity Employer
Citizens is a brand name of Citizens Bank, N.A. and each of its respective affiliates.
Background Check
Any offer of employment is conditioned upon the candidate successfully passing a background check, which may include initial credit, motor vehicle record, public record, prior employment verification, and criminal background checks. Results of the background check are individually reviewed based upon legal requirements imposed by our regulators and with consideration of the nature and gravity of the background history and the job offered. Any offer of employment will include further information.
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Created: 2024-08-27
Reference: 35137
Country: United States
State: California
City: Los Angeles
ZIP: 90291
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