Leading Financial Services Firm
Newark, NJ
Experience:7-10 years
Experience:7-10 years
1. Portfolio for Community Bank 2. New Jersey Financial Institution 3. C&I, CRE, Commercial Loans 4. Loan Extensions and Modifications 5. Commercial Lending 6. Formal Credit Training (Credit Risk Acumen as it relates to Loans) 8. SBA, Faith Based Institutional Lending US Citizens and Green Card Holders Only
Portfolio Loans-Community Bank-NJ Location-Perm End/Client Opportunity
The Portfolio - is responsible for the overall asset management and reporting for a portfolio of loans to support the development of faith based institutions, the development of housing, early education, charter schools, other community facilities, small businesses and others.
The Portfolio also supports Underwriting and Business Development in strengthening relationships with clients. As part of Credit, the Portfolio supports the achievement of institutional and overall Credit work plan goals.
The Portfolio - reports to the Deputy Senior Credit Officer and will work closely with the SVP/Senior Credit Officer, SVP/Credit Operations , SVP/Senior Risk Officer, Underwriters and Business Developers in an effort to meet lending goals and objectives. The Portfolio will communicate with borrowers, third party lenders, attorneys and other external parties, as appropriate
Major Duties and Responsibilities:
The ideal candidate for this position will have these key qualifications:
Portfolio Loans-Community Bank-NJ Location-Perm End/Client Opportunity
The Portfolio - is responsible for the overall asset management and reporting for a portfolio of loans to support the development of faith based institutions, the development of housing, early education, charter schools, other community facilities, small businesses and others.
The Portfolio also supports Underwriting and Business Development in strengthening relationships with clients. As part of Credit, the Portfolio supports the achievement of institutional and overall Credit work plan goals.
The Portfolio - reports to the Deputy Senior Credit Officer and will work closely with the SVP/Senior Credit Officer, SVP/Credit Operations , SVP/Senior Risk Officer, Underwriters and Business Developers in an effort to meet lending goals and objectives. The Portfolio will communicate with borrowers, third party lenders, attorneys and other external parties, as appropriate
Major Duties and Responsibilities:
- Loan Monitoring
- Site visits
- Loan Extensions and Modifications
- Non-performing Loans
- Reporting
- Projects
- Policies and Procedures
The ideal candidate for this position will have these key qualifications:
- Experience in real estate-based or business lending, including credit analysis, due diligence and loan documentation
- Working experience with both private sector financial institutions and public agencies.
- Computer aptitude, including knowledge of Microsoft Office Suite programs, and other database software.
- Excellent skills in managing multiple task requiring strong attention to detail.
- High level of analytical and research expertise
- Excellent leadership, interpersonal, team and communication skills (written and verbal)
- Knowledge of banking regulations (OCC and FDIC)
- Ability to work independently with limited supervision
- Ability to establish credibility and rapport;
- Ability to communicate and function professionally with all levels of personnel and business partners across the organization
- Must stay current on operational, product, and system changes/enhancements, as well as demonstrate good risk management decisions
- Able to take “full ownership” of issues until they are completely resolved
- Familiarity with houses of worship and faith based institutions, charter schools, community development projects as well as federal, state, and local government funding sources for capital and operating needs of faith based institutions, and community facilities.
- Proficiency in analyzing financials of nonprofit organizations, faith based institutions, community development projects, charter schools and real estate operators (in particular, community facilities
Educational and Other Requirements
- A relevant area of study such as, business administration, theology, philosophy, urban planning or finance.
- Community Bank experience necessary
- 8-10 of relevant work experience in a commercial lending function (commercial real estate, construction, small business lending, etc.) preferably with a community bank or community development financial institution or with a house of worship or a faith based institution or charter schools or small businesses
- Credit training (formal or on-the-job) at a commercial bank, credit union or community development financial institution that is recognized and well regarded for its credit risk acumen
- Experience with loan, legal and collateral documentation and compliance
- High of self-motivation, dedication, creativity, and perseverance, including flexibility with time and willingness to accept a demanding (and personally satisfying) position.
- Teamwork and time management skills
- Travel is required and candidate must have a valid driver’s license.