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Portfolio Manager

New York, NY

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 Portfolio  Manager will assist in the management of a growing commercial real estate loan portfolio. The qualified candidate is expected to materially contribute to the continued high growth and oversight of the commercial real estate portfolio. The real estate loan portfolio consists of various asset classes located throughout the U.S. The Portfolio -is expected to handle multiple tasks and assignments, as detailed below and work as a valuable CRE team player.

Duties and responsibilities of the job include the following (but is not limited too):

  • Engage in daily dialogue with Commercial Lenders (CLs) and other Portfolio Managers (PM) regarding the ongoing management of a high growth, commercial real estate portfolio.
  • Complete loan analysis on annual reviews, including the review of financial statements, rent rolls, property cash flow, and analysis of the credit condition of sponsor/guarantor.
  • Be a primary contact for Borrowers on all loans in their portfolio, and at times, work independently on completion of required work product.
  • Track and test loan covenants to identify improving or deteriorating credit quality and/or property related concerns for review and approval of PM.
  • Complete loan analysis and prepare Memos for approval by RM and Credit team.
    • Maturity extensions, Built-in extensions, Loan Modifications and Waivers
  • In coordination and with guidance of the PM, complete financial analysis, including underwriting, sponsor/guarantor analysis, and risk rating review for Watchlist and Criticized loans presented quarterly to the Bank’s ARG Committee.
    • Discuss analysis and potential risk rating recommendation for those loans that may qualify to be removed from the Watchlist/Criticized List.
  • Assist PM with analysis of the Bank’s Transitional Loan portfolio, including property performance updates, status of reporting requirements, and annual reviews.
  • Assist the Team with gathering financial information and coordinating various aspects of Bank audits conducted throughout the year. Maintain ongoing communication with PM to resolve potential concerns and issues related to the audits. Coordinate financial reporting, primarily managed by the Portfolio Associate, as well as the review of loan covenants.
  • A newly implemented financial technology system, BakerHill, is in place to enhance the management of loan originations and portfolio management. Assist the CRE Team in tracking financial reporting and loan covenants, on an ongoing basis.

Preferred experience, education, and qualifications:

  • Bachelor’s degree in related field
  • A minimum of 5 to 7 years of direct real estate 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: $120,000 - $145,000 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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