Portfolio Manager - New York, United States - Metropolitan Commercial Bank

Metropolitan Commercial Bank

Verified Company

New York, United States

1 week ago

Posted by:

Mark Lane

beBee recruiter

Description

Come work with us:

Metropolitan Commercial Bank (the "Bank") is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities.

The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender.

The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp.

(NYSE:

MCB).

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024.

The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets.

The Bank finished ninth in S&P Global Market Intelligence's annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

The Commercial Loan Portfolio Manager (PM) is the primary contact for established borrowing clients.

Under the general direction of the department head and its Commercial Lenders, this position's primary responsibilities include all aspects of portfolio management as they relate to assigned portfolio loans together with the cross selling of Bank products and services.

Additional responsibilities include interacting and liaising with other areas of the bank predominantly the credit, compliance, operations, and treasury management.

The loan portfolio shall consist of all types of commercial loans including but not limited to lines of credit, term notes, and permanent owner-occupied mortgages.

Duties and responsibilities of the job include the following (but is not limited too):

Eager willingness to learn;
Highly adaptable, versatile, dynamic team player who thrives on accepting new challenges daily;
Excellent written and oral communication skills including the ability to write clear, concise and cogent correspondence;
Comfortable and confident in executing a consultative crossselling strategy with existing clients;
Strong interpersonal skills used within a team environment and in client interaction with emphasis on excelling in relationship building;
Able to work independently with mínimal supervision;
Polished, professional demeanor, strong in person client relationship building skills;

Credit Assessment & Risk Management

Protect the Bank's assets and maintain quality of portfolio by adhering to lending processes, policies & procedures, legal and ethical requirements and regulations, audit requirements, and established risk management guidelines. Ensure all Commercial Banking Business is in conformity with Bank Policies and other guidelines;
Adhere to Know Your Customer Rules and Bank Policies & Procedures for the prevention of loss due to fraud, counterfeiting, money laundering, or defalcation; identify and report suspicious and other reportable transactions or patterns of activity that are suspected to be related to money laundering;
Timely completion of all AML/KYC due diligence;
Process all credit requests, including requests for amendments and waivers, in coordination with the credit department.

Client Performance Management:

Oversee documentation and ongoing monitoring of asset and client performance;
Actively manage portfolio to maximize return and credit quality;
Prepare/oversee preparation of concise, wellreasoned credit correspondence;
Obtain credit concurrence as client advocate;
Responsible for monitoring covenants of clients within assigned portfolio to identify deteriorating credit conditions and compliance with loan agreement;
Ensure that documentation required for renewals/reviews are collected and delivered to credit on a timely basis.

Sales Support and Partnerships

Increase the Bank's share of clients' wallet by identifying crosssell opportunities lending, deposit, cash management, etc;
Strive to obtain a comprehensive working knowledge of current book of commercial lending clients;
Maintain key ongoing contact with clients in conjunction with Commercial Lenders;
Initiate and engage in daily dialogue with Commercial Lenders regarding new client developments;
Work with product specialists as needed to support crosssell opportunities;
Maintain and promote a customer first environment, to including satisfying and exceeding customer needs and expectations.

Management of Workflow