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OceanFirst Bank · 4 weeks ago

Credit Portfolio Manager II

Red Bank, NJ

Full-time

Onsite

Mid, Senior Level

OceanFirst Bank is dedicated to fostering a respectful and diverse work environment. The Credit Portfolio Manager II will perform independent analyses for complex commercial loan requests, manage a commercial lending portfolio, and ensure compliance with credit policies while providing guidance to less experienced staff.

BankingFinanceFinancial Services

Growth Opportunities

Responsibilities

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

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 loan package with detailed analysis and recommendations for presentation to reviewers and/or Management Credit Committee

Attend Management Credit Committee to provide input on overall assessment and answer questions regarding their credit analysis as necessary

May present credits to the Management Credit Committee

Provide guidance to less seasoned Credit Portfolio Managers and credit analyst staff

Ensure compliance of all required documentation and ensure loan terms and conditions adhere to established credit policy and approval

Ensure compliance with applicable federal, state and local laws and regulations, agency guidelines and organization policies

Provide approval authority for commercial loans as specified by Loan Policy

Qualification

Commercial LendingCredit AnalysisRisk AssessmentFinancial AnalysisLoan StructuringCustomer Relationship ManagementTeam CollaborationCommunication Skills

Required

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

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

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

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

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

Perform analysis of secondary sources of repayment such as collateral; assess the quality and source of collateral marketability in a liquidation scenario

Assign a credit risk rating

Prepare in-depth loan package with detailed analysis and recommendations for presentation to reviewers and/or Management Credit Committee

Attend Management Credit Committee to provide input on overall assessment and answer questions regarding their credit analysis as necessary

May present credits to the Management Credit Committee

Provide guidance to less seasoned Credit Portfolio Managers and credit analyst staff

Ensure compliance of all required documentation and ensure loan terms and conditions adhere to established credit policy and approval

Ensure compliance with applicable federal, state and local laws and regulations, agency guidelines and organization policies

Provide approval authority for commercial loans as specified by Loan Policy

Benefits

On-site fitness facility at Red Bank and Toms River headquarter offices

Employee perks & discount programs

Tuition assistance

Incentive compensation program

Professional development opportunities

Company

OceanFirst Bank

OceanFirst Bank is one of the largest regional banks providing financial services throughout New Jersey and in the metropolitan markets of Philadelphia, New York, Baltimore, and Boston.

Founded in 1902