CRE Portfolio Associate

New York, NY

About Us:

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. Entrepreneur-led and tech-forward, we offer a fully digital experience coupled with meaningful banker relations.  We believe in being a partner for enterprising companies, acting as a funding catalyst for mid-market innovation and growth.  Piermont’s financial solutions and expertise empower our business community to thrive.  At Piermont, we are purpose-driven, responsive and practical, delivering integrated and flexible solutions that create value for clients in today’s fast-changing economy. For more information, visit www.piermontbank.com. 

The Role:

The CRE Portfolio Associate is responsible managing a portfolio of commercial real estate loans, as well as supporting compliance and credit administration requirements.

Responsibilities:

  • Manage a portfolio of commercial real estate loans by analyzing financial data, monitoring credit quality, and evaluating property performance.
  • Complete annual loan reviews and prepare risk rating adjustment memos as necessary.
  • Obtain annual financial reporting requirements and analyze financial statements to prepare cash flow analyses.
  • Review leases, financial statements, and other relevant documents to assess property conditions and the loan’s credit quality.
  • Identify and assess potential risks within the loan portfolio and recommend mitigation strategies.
  • Process data from the Bank’s core reports to prepare the quarterly credit deck.
  • Maintain a continuing knowledge of Bank policies, as well as changes in banking law and regulations, to ensure that deviations from policy are identified and reported.
  • Complete job assignments in a professional, timely and efficient manner.
  • Represent the Bank and Credit Administration team in a highly professional manner.
  • Maintain borrower confidentiality; adhere to Bank policies and procedures; comply with laws, regulations, and industry best practices.
  • Perform additional job duties as assigned.

Qualifications:

  • Experience in commercial real estate; including experience and expertise in reviewing loan documents, analyzing rent rolls, leases, operating statements, joint venture agreements, budgets, appraisals, environmental and engineering reports. Prior development and construction experience are a plus.
  • An undergraduate degree with a concentration in Accounting, Finance or Real Estate
  • Excellent analytical skills, attention to detail and strong organizational skills
  • Strong credit risk assessment skills..
  • Strong knowledge of relevant computer software skills, such as Word and Excel.
  • Strong interpersonal and communication skills, both written and verbal.
  • Ability to quickly forge strong working relationships.
  • Formal CRE credit training required

The hiring range for this position is $85,000 to $115,000 per year. The base pay actually offered will take into account internal equity and also may vary depending on the candidate’s job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based upon race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, height, weight, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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