Junior Portfolio Manager (C&I)
Come work with us:
Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.
About the role:
The Commercial & Industrial Portfolio Manager works cohesively in a team environment to support group and bank initiatives.
Duties and responsibilities of the job include the following (but is not limited too):
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Support Existing Relationships
- Serve as a point of contact for existing client requests, including processing line draws, pay-downs, as well as providing any and all bank and loan statements.
- Collect all required reporting from clients, including financial statements, borrowing bases, and other reporting items
Program Loans
- Support program finance relationships by funding individual and batch funding, processing satisfactions of liens, monitoring collateral and tracking titles.
- Maintaining all required documentation for each funding as outlined in the approval.
Baker Hill
- Ensure all customers and relationships live in Baker Hill, including reporting requirements as outlined in the approval and all other appropriate information.
- Run reports on past due maturities, upcoming maturities, loan assignments in credit and current stages of each loan.
- Input ticklers and tracking items in Baker Hill by matching tracking items to loan approvals or term sheets.
New Opportunities
- Work in tandem with Lenders to analyze opportunities by reviewing financials and assisting with structuring loans, as well as preparing term sheets.
- Order and analyze third-party reports including appraisals, environmental reports, and collateral field exams
- Work cohesively with other departments throughout the loan process to produce meaningful results: the credit department for approvals, outside legal for the closing, the deposit group to open bank accounts, and loan operations to book and fund loans.
Preferred experience, education, and qualifications:
- Bachelor’s degree in related field
- A minimum of 2+ years of related experience
- Knowledge of banking products, policies, and procedures
- Excellent interpersonal and communication skills
- Perform quality work within determined timeframes
- Interact professionally with other employees, customers, vendors and shareholders
- Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
- Work on ad-hoc tasks, assignments and projects as needed
Potential Salary: $70,000 - $80,000 annually
This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.
Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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