Position Title
Portfolio Manager Team Lead-Commercial Specialty Industries
Location
New York/1400 Broadway/114025
Job Summary
A Portfolio Manager Team Lead-Commercial Specialty Industries must be an analytical, organized, team-focused individual with excellent verbal and written communication skills. This individual will be responsible for completing an in-depth analysis of commercial loan requests, as well as making recommendations based on such analysis. This leadership role works in a team environment as a key player within the relationship deal team. Primary responsibilities include underwriting, monitoring and maintaining the credit quality of a loan portfolio, managing the loan closing process as well as providing team leadership. Maintains strong working relationships with the clients, deal team, credit team and other internal partners. Responsible for their team’s workload, quality of their work product, training and development.
Pay Range: Local Minimum Wage - $0.00 - $0.00
Job Responsibilities:
JOB RESPONSIBILITIES
- Underwrite, Analyze and Close Loans: Working with the relationship manager, take a lead role in the structuring, underwriting and analysis of commercial loan requests. Prepare credit approval packages, present recommendations to the credit team/senior management, and close complex commercial loans.
- Portfolio Management: Responsible for monitoring the credit quality of the assigned portfolio by periodically evaluating financial trends, covenant compliance and borrowing bases, including the preparation of annual (or more frequent) reviews. In addition, responsible for managing delinquencies and collateral exceptions.
- Team Management: Oversee team’s workload and review their work product to ensure quality work. Be proactive in talent management. Conduct performance assessments. Mentor, train and develop team members
- Relationship Management: Highly visible role in managing the client relationship along with the deal team.
- Maintaining Knowledge: Knowledgeable about the various commercial products available to clients as well as general market/industry trends.
- Responsible for talent management functions including: employment, performance evaluations, staff development/training, disciplinary actions, succession planning and ensuring all staff comply with compliance requirements.
ADDITIONAL ACCOUNTABILITIES
- Performs special projects, and additional duties and responsibilities as required.
- Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
- Education level required: Undergraduate Degree (4 years or equivalent)
- Minimum experience required: 12+ Years of progressive credit/underwriting portfolio management experience.
- Experience handling transactions/relationships/portfolios with the highest level of complexity preferably in the banking industry.
- Experience mentoring and developing a team
Competencies:
- Must possess highly advanced credit analysis skills (prefer a candidate with formal credit training)
- Demonstrated knowledge of financial statement analysis
- Credit Analysis or Loan Review experience, preferably in the banking industry
- Excellent leadership and communication skills enabling smooth and efficient loan closings as well as daily portfolio management and team management
- Excellent interpersonal and verbal and written communication skills
- Excels in a team environment
- Ability to effectively interact with all levels of leadership and employees within the organization
- Ability to work autonomously, handle multiple projects simultaneously and adapt to new demands and challenges
- Familiarity with nCino, Credit Lens, AFS is a plus
- Physical demands (ADA): No unusual physical exertion is involved.
What We Do
Thank you for visiting Flagstar Bank on LinkedIn, and we look forward to being part of your financial journey. On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York. At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators. We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know.
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