Piermont Bank · 2 months ago
CRE Portfolio Senior Associate
New York, NY
Full-time
Onsite
Mid, Senior Level
$120K/yr - $150K/yr
5+ years expPiermont Bank is a digital commercial bank focused on serving fast-growing companies. The CRE Portfolio Senior Associate will manage a portfolio of commercial real estate loans, ensuring compliance and credit administration requirements are met while analyzing financial data and property performance.
BankingCommercialCommercial Real Estate
Responsibilities
Manage a portfolio of commercial real estate loans by analyzing financial data, monitoring credit quality, and evaluating property performance
Complete annual loan reviews and prepare risk rating adjustment memos as necessary
Obtain annual financial reporting requirements and analyze financial statements to prepare cash flow analyses
Review leases, financial statements, and other relevant documents to assess property conditions and the loan’s credit quality
Identify and assess potential risks within the loan portfolio and recommend mitigation strategies
Process data from the Bank’s core reports to prepare the quarterly credit deck
Maintain a continuing knowledge of Bank policies, as well as changes in banking law and regulations, to ensure that deviations from policy are identified and reported
Complete job assignments in a professional, timely and efficient manner
Represent the Bank and Credit Administration team in a highly professional manner
Maintain borrower confidentiality; adhere to Bank policies and procedures; comply with laws, regulations, and industry best practices
Perform additional job duties as assigned
Qualification
Required
5-7 years of relevant experience
Experience in commercial real estate; including experience and expertise in reviewing loan documents, analyzing rent rolls, leases, operating statements, joint venture agreements, budgets, appraisals, environmental and engineering reports
An undergraduate degree with a concentration in Accounting, Finance or Real Estate
Excellent analytical skills, attention to detail and strong organizational skills
Strong credit risk assessment skills
Strong knowledge of relevant computer software skills, such as Word and Excel
Strong interpersonal and communication skills, both written and verbal
Ability to quickly forge strong working relationships
Formal CRE credit training required
Preferred
Prior development and construction experience are a plus
Benefits
Medical
Dental
Vision
401k
Other benefits
Company
Piermont Bank
Piermont Bank provides an unprecedented experience that blends banking and agile startups.
11-50 employees
Funding
Current Stage
Early StageLeadership Team
Wendy Cai-Lee
Founder, CEO, President & Board Director
Rodrigo Suarez
Chief Banking Officer
Recent News
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