Avidbank · 13 hours ago
Portfolio Manager
San Jose, California, United States
Full-time
Hybrid
Mid Level
$90K/yr - $140K/yr
3+ years expAvidbank is a $2.1 billion commercial bank based in Silicon Valley serving the San Francisco Bay area and beyond. The AVP Portfolio Manager is primarily responsible for leading the underwriting and management of a portfolio of credits, focusing on customer service and the growth of existing relationships while mentoring junior staff.
FinanceFinancial ServicesFinTechReal Estate
Responsibilities
Monitors existing portfolio credits against reporting, financial, and Bank policies. Provides regular updates to relationship managers and credit admin
Underwrites and coordinates the closing of Specialty Finance credit products in compliance with the Bank's lending policies and procedures
Helps mentor and coach junior team members with respect to underwriting and portfolio management
Analyze markets conditions to ensure proper underwriting standards and portfolio management is being maintained
Performs pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends
Gathers and analyzes all information necessary to present a financing request to senior management or Loan Committee for approval; meets with existing or potential customers; visiting sites of loans; negotiates loan terms and conditions
Coordinates processing of approved loans; ensures loans are processed according to agreement, customer needs and conform to Bank lending policies; obtains sufficient information and/or documentation from customers; solves problems relative to processing and servicing of loans within his or her portfolio; approves loan disbursements in accordance with agreements
Negotiates along with Business Development Officer or Relationship Manager, underwrites and processes renewals of credit facilities
Authorizes commitment, engagement, adverse action and decline letters
Reviews NSF and overdraft reports for customers assigned within his or her portfolio; approves or declines such exceptions within established lending limits
Understands government regulations with particular emphasis on the Bank Secrecy Act and related regulations and the fact that compliance with BSA regulations is an enterprise
Performs other duties as assigned
Qualification
Required
Thorough understanding of financial services and banking products
Strong underwriting and portfolio management skills
Financial modeling experience and comfort
Ability to manage complex credits and client relationships
Background in cash flow lending for sponsor-backed borrowers a plus
Thrives in a dynamic and remote work environment
Skilled communicator (written and verbal)
Strong ability to lead and motivate junior staff
Ability to interpret financial data and reports and when necessary, recommend appropriate actions
Ensures absolute confidentiality in all areas of responsibility
Pro-active attitude and resourcefulness
Bachelor's degree along with at least 3+ years of experience
Benefits
Competitive compensation
Medical
Dental
Vision
Life insurance
Long term disability insurance
401k with matching
Paid holidays
Competitive paid time off policy
Company
Avidbank
Avidbank specializes in commercial, industrial, corporate finance, real estate construction, and bridge financing.
51-200 employees
Funding
Current Stage
Public CompanyTotal Funding
$58.01M2019-12-23Post Ipo Equity· $22M
2017-07-13Post Ipo Equity· $20.01M
2013-08-06Post Ipo Equity· $16M
Leadership Team
Ken Brenner
Board Member and Head of Strategic Relationships (previously held position of President and CEO)
Mark Mordell
Chairman & CEO
Recent News
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