Portfolio Manager - Commercial Banking
East West Bancorp, Inc.
2021-12-03 08:51:22
New York City, New York, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Introduction
Since 1973, East West Bank has served as a pathway to success. With over 120 locations across the U.S. and Greater China, we are the premier financial bridge between the East and West. Our teams of experienced, multi-cultural professionals help guide businesses and community members on both sides of the Pacific looking to explore new markets and create new opportunities, and our sustained growth and expertise in industries like real estate, entertainment and media, private equity and venture capital, and high-tech help build sustainable businesses and expand our associates' potential for career advancement.
Headquartered in California, East West Bank (Nasdaq: EWBC) is a top performing commercial bank with an exclusive focus on the U.S. and Greater China markets, with total assets over $61.0 billion*. And since 2010, we have been recognized by Forbes magazine as one of "America's Best Banks." With a strong foundation, and enterprising spirit and a commitment to absolute integrity, East West Bank gives people the confidence to reach further.
* As of 9/30/2021
Overview
We are currently seeking a Portfolio Manager in Commercial Banking in NYC. This individual will be responsible for underwriting, credit monitoring, and portfolio management for the Equipment Finance and Healthcare portfolios. Primary performance responsibilities include analyzing financial data to determine the merits of loan requests, recommending structure.
As an East West Bank employee, you will be part of a growing and stable organization that provides career path development opportunities while serving a growing and profitable market.
Responsibilities
* Assisting Relationship Manager/Portfolio in underwriting, managing, and structuring Healthcare, Equipment Finance, and Structured Finance transactions according to the Bank establish guidelines and policies
* Ongoing monitoring of Credit Reporting/Covenant Compliance
* Analyze and create financial spreads and credit memos to support new loan proposals.
* Manage the renewal process by working with the Relationship Manager, the client and the credit department including increases/amendments/waivers
* Partner with the Relationship Manager/Portfolio Manager as the point of contact for the client; act as a liaison to the Credit Department, the Commercial support staff, closing department, and other internal business partners
* Ensure compliance with EWB regulatory and credit requirements.
* Assist in generating risk rating loans/credits.
* Develop solutions for problem loans.
* Work with Portfolio Manager and credit analysts in reviewing existing credits
* Ensure the portfolio administration and risk management of each client relationship is in compliance with established EWB credit policies, procedures and business strategies as well as commercial and regulatory guidelines.
* As appropriate to experience, co-manage commercial relationships by analyzing financial data to determine the merits of specific loan requests, and recommend structure as well as aggressively managing the client relationship.
* Report on credit risk and quality of the portfolio.
* Assist with due diligence/analysis with new client relationships, opportunity memos as appropriate.
* Monitor loan repayment activities and financial condition of borrowing clients and take necessary action to collect past due accounts and ongoing repayment ability of all other accounts; may assume overall responsibility for the credit quality of the loan portfolio.
* As appropriate with experience, assist in the development of junior bankers, credit analysts, and relationship associates.
* Present specific loans and participate in the bank's Loan Approval Process, recommending approval and appropriate structure of credits.
* Perform other administrative duties required for the maintenance of a portfolio of clients.
* Perform other duties and special projects as needed.
Qualifications
* Bachelor's degree or combination of education and directly related experience
* Ideally has 4-6 years of banking experience in commercial banking with Equipment Finance or Healthcare related experience.
* Demonstrates strong underwriting and projection skills
* Has strong understanding of credit policy and procedures and is able to accurately risk-rate loans/credits, evaluates both cash-flow and collateral-based loans/credits
* Ability to develop problem loan credit solutions.
* Strive for success and ability to work under minimum supervision.