VP, Portfolio Manager

Job Overview

The Portfolio Manager (PM) is responsible for maintaining and monitoring the existing commercial loan portfolio, working closely with the Team Manager or Relationship Manager and liaising directly with clients to identify and bring in additional business opportunities while providing best‑in‑class service.

• Work closely with the Team Manager or Relationship Manager on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.
• Maintain and grow existing client relationships, cross‑sell Bank’s other products and services.
• Accountable for credit origination of new credits from established network and existing client base, portfolio monitoring, renewals, amendments, and annual reviews.
• Negotiate and structure the primary terms of the loan with the client; circulate concept memo as needed prior to issuance of term sheet/LOI.
• Work with the underwriting team, assisted by loan assistants and other loan support staff, to prepare the Credit Commitment Report ("CCR").
• Present each CCR to the requisite approval authority levels; the finished CCR is the work product of a team, but the PM assigned as account officer for the credit is ultimately responsible for the content.
• Review loan documents, either internally prepared or by outside counsel, to ensure accuracy.
• Work with loan assistants and loan support staff to ensure all necessary items for closing of the loan are in process and well‑managed; the PM is to manage the client experience of this process.
• Portfolio management functions include monitoring and managing the credit quality of the assigned loan portfolio.
• Ensure each credit is properly risk rated based on the Bank’s risk rating system.
• Review client’s accounts and portfolios to identify, evaluate and determine the appropriate course of action on potential credit quality issues in order to maximize credit quality and minimize risk and potential loss to the Bank.
• Ensure compliance with Bank, regulatory and credit requirements with emphasis on best‑in‑class client service while adhering to required time frames from the client.

• Education:
  
  U.S. College graduate with major in related fields, strongly preferred.
• Experience:
  • 5‑10 years of loan account relationship management experience, credit underwriting experience or a combination of both; thorough knowledge of lending regulations and credit/underwriting practices.
  • Must have strong loan portfolio management experience specifically commercial real estate and construction credit.
  • Must possess extensive construction lending experience.
  • Must possess strong loan negotiation (rates, terms, collateral requirements) experience.
  • Must possess previous underwriting experience in the requisite area of commercial lending.
  • Must have extensive knowledge and understanding of Bank’s credit policy, risk management, underwriting requirements, and loan servicing.
  • Must have strong knowledge and understanding of commercial and specialty group banking products and services and have demonstrated ability to cross‑sell such products.
• Skills/Ability: PC proficient; excellent verbal and written communication skills; bilingual (English/Mandarin or Cantonese) a plus but not required; ability to work well independently to restructure loans and/or lines of credit; organized, detail oriented and able to multi‑task; effective in a fast‑paced, high‑production team environment; excellent time management and accustomed to working with deadlines; assumes responsibility and accountability for decision‑making; communicates effectively with all levels of Bank personnel.

$95K – $135K / year. Pay determined based on job‑related knowledge, skills, experience, and location. This position may be eligible for a discretionary bonus.

Cathay Bank offers its full‑time employees a competitive benefits package which includes medical, dental, vision, life, long‑term disability, and flexible spending accounts (FSAs), a health savings account (HSA) with company contributions, voluntary coverages, and a 401(k).

Cathay Bank is an Equal Opportunity and Affine… (full EEO statement)