Credit Portfolio Manager II

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At Ocean First Bank, each one of our employees plays an important role in fulfilling the mission and taking responsibility to execute daily tasks in alignment with our core values. Together we foster an environment of respect, professionalism and diversity that makes Ocean First a great place to work and do business.

Great benefits include: on-site fitness facility at Red Bank and Toms River headquarter offices, hybrid schedule after initial onboarding has been completed, employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more! Apply today to #Become Ocean First  and make an impact in the local community!

About Your Role

Perform independent analysis for commercial loan requests for new and existing Commercial Lending relationships that are more of a complex nature; evaluate and make recommendation to approve, deny or offer alternative structuring solution. Monitor an existing Commercial Lending portfolio to ensure timely completion of renewals, annual reviews and modifications as well as timely and accurate risk rating of the portfolio. Prepare written analysis and succinctly summarize underlying risk and recommend risk rating.

Identify and document any deviations from the Commercial Loan Policy as appropriate. Review analyses performed by Credit Analyst staff, and, if applicable, incorporate into overall risk assessment. Recommend and approve credit decisions within established authority in conjunction with Credit Officer if applicable. Ensure adherence to all applicable laws, regulations and company guidelines as detailed in the Bank s credit policy.

Provide guidance to less seasoned Credit staff.

What You Will Do

• In partnership with the Commercial Relationship Managers and Regional Managers, ensure underwriting for all renewals, extensions, annual reviews and new requests in their assigned portfolio are completed accurately and timely, as applicable.
• In partnership with the Commercial Relationship Managers and Regional Managers, establish and maintain relationships with current and prospective customers. Leverage customer knowledge to proactively identify and recommend opportunities to cross-sell additional loan and non-credit products to clients.
• Monitor reports for the assigned portfolio, if applicable, including maturing loans, financial exceptions, annual reviews, post-closing and documentation exceptions, financial covenants, and past due loans.
• Perform efficient and concise detailed analysis and quality underwriting of commercial loan proposals including complex loans, for new and existing customers.
• Proactively and independently analyze and structure proposals and complete the underwriting and evaluation process. Identify loan structure alternatives and make recommendations on credit decisions. Be the final decision maker on credits within their individual lending authority. Ensure compliance with credit policy and underwriting requirements.
• Demonstrate an understanding of the Bank s overall portfolio mix, concentration and exposure limits, risk philosophy, stress modeling, and other quantitative risk modeling factors that may impact credit decisions.
• Utilizing automated and manual analytical tools and techniques, perform in-depth projective financial analysis, including "what-if" scenarios that test the reasonableness of the projections provided to the Bank or construct predictive performance when not provided.
• Maintain the overall credit quality of the region s loan portfolio by pro-actively identifying the impact of current economic and market trends on the portfolio; take appropriate action to mitigate and control risks. Identify and document any deviation from the Commercial loan policy as appropriate.
• Discuss and review covenants and overall assessment with reviewers and establish turnaround/delivery requirements. Participate in customer meeting to provide expert analytical counsel and credit perspective.
• Conduct thorough annual review of current portfolio clients including review of financials, site visits, and assessment of general business information and other factors that would be indicators of risk.
• Perform analysis of secondary sources of repayment such as collateral; assess the quality and source of collateral marketability in a liquidation scenario.
• Perform analysis of a guarantor s financial position through a thorough investigation of personal financial statements to develop an understanding of any contingent liabilities and constructing an estimated personal net cash flow through the thorough investigation of personal tax returns and credit reporting documentation.
• Prepare comprehensive written analysis for loan proposals including summary of financial statements, cash flow trends, management profiles, business and product cycles, operating performance and appropriate economic and market research.
• Assign a credit risk rating.
• Prepare in-depth…