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Director Portfolio Manager – Commercial Real Estate
| Company | Webster Bank |
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| Location | New York, NY, USA |
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| Salary | $145000 – $165000 |
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| Type | Full-Time |
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| Degrees | Bachelor’s |
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| Experience Level | Senior |
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Requirements
- Advanced degree – Associates, Bachelors, Masters, etc. (Bachelors)
- Strong written and verbal communication skills.
- Advanced proficiently with financial modeling, excel, and Microsoft Word/PowerPoint.
- Analytical thinking, organization, and time management skills.
- Prior experience with commercial real estate loans 3-5 years (recommended)
Responsibilities
- Develop pre-read and formal deal screen memos for new lending opportunities with oversite from SMD/MD.
- Underwrite commercial loans within established timelines, to include application review, personal and business credit analysis, collateral analysis, and debt service analysis and related financial modeling.
- Decision loan requests in accordance with the bank’s loan policies and procedures, and directly engage with internal credit partners and external clients with oversite from MD/SMD.
- Limit risk through use of various credit enhancements where applicable with the assistance of SMD/Credit.
- Prepare term sheets and or commitment letters upon approval of loan request.
- Review draft loan documents for accuracy as compared to approvals.
- Assist all partners (closing, portfolio, deposit onboarding, middle office and portfolio management and operations) in the closing of commercial loans.
- Participate in projects that help improve and streamline the credit delivery process.
- Assist with credit review and audit preparation as required by the team and credit partners.
- Maintain organized credit files as loans transition from underwriting to portfolio management.
- Establish appropriate inputs and ticklers in Sage Works for all origination activity.
- Mentor and assist junior / analyst level underwriters within the team.
Preferred Qualifications
- Prior experience with commercial real estate loans 3-5 years (recommended)
