Commercial Loan Portfolio Manager – Up to $90K – Newark, NJ – 871

Who We Are

Bankers Recruiting Bankers – The Symicor Group is a boutique bank-only talent acquisition firm based in Chicago.  Our nationally unique value proposition centers around providing the very best available banking talent to our valued clients…from a banker’s perspective.  In fact, most of our recruiters are former bankers themselves! We know banking and how to evaluate the very best banking talent available in the market.  Whether you are a bank candidate seeking a new opportunity or a bank president trying to fill an essential position, The Symicor Group stands ready to deliver premium results for you.

The Position

Our client is seeking to fill two Commercial Loan Portfolio Manager roles in the Newark, NJ market. This selected candidate will be responsible for providing commercial loan officers with objective analysis of current and prospective borrowers’ financial condition. The PM also prepares presentations for management and committee review.

This position includes a generous salary of up to $90K and a full benefits package. Commercial Portfolio Manager responsibilities include:

  • Supporting Relationship Managers with portfolios that have varying degrees of difficulty, underwriting and monitoring credit.
  • Supporting the Relationship Manager in monitoring on-going information concerning customer performance, abilities, and industry to determine that loan is an acceptable risk.
  • Spreading, analyzing and reviewing financial condition, income sources and collateral coverage of borrowers including corporations, partnerships, sole proprietors, and individuals.
  • Preparing loan presentation write-ups for management and loan committee approvals.
  • Conducting regular site visits and preparing site visit reports for loans in his/her portfolio in accordance with Credit policies and procedures.
  • Assisting in maintaining strong credit quality, including management of payment delinquencies, loan maturities and ongoing portfolio management functions including financial statement monitoring, risk grade assessments, and covenant testing’s.
  • Ensuring the appropriate gathering of underwriting documentation to support approval conclusions for new originations, refinances, modifications, renewals, and extensions.
  • Reviewing new loans for policy and regulatory requirements and identifies exceptions as incurred for tracking.
  • Preparing various monthly, quarterly, and ad-hoc reporting via bank systems and excel.

Who Are You?

You’re someone who wants to influence your own development. You’re looking for an opportunity where you can pursue your interests and your passion. Where a job title is not considered the final definition of who you are, but merely the starting point for your future. You also bring the following skills and experience:

  • A Bachelor’s degree is required; Finance, Accounting or advanced degree is preferred.
  • Five or more years’ experience in a commercial lending function (commercial real estate, construction, small business lending, etc.) preferably with a community bank or community development financial institution.
  • Formal Credit Training preferred.
  • Working knowledge of financial analysis and accounting theory, and the ability to write clearly, logically, and analytically.
  • Additional education in banking and commercial loans through AIB desirable.
  • Must be willing to and successfully complete ongoing compliance training.

The next step is yours.  Email us your current resume along with the position you are considering to: