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About the Role
The Portfolio Manager is responsible for monitoring and assessing the credit risk of the bank's commercial loan portfolio, focusing on financial statement analysis, industry assessment, collateral valuation, and cash flow analysis.
Responsibilities
- Manage the bank's loan portfolio for existing relationships and conduct proactive oversight to identify potential weaknesses.
- Manage loan renewals and line increases for existing relationships.
- Perform annual reviews of existing loan relationships.
- Prepare portfolio reports for credit supervision, risk committees, and the Board.
- Assist in the preparation of Credit Administration reports, annual independent loan audits, and regulatory examinations.
Requirements
- Minimum of a bachelor’s degree in finance or accounting.
- At least 4 years of experience in underwriting or loan portfolio management.
- Formal or on-the-job credit training is required.
- Experience in a commercial banking and commercial real estate environment is required.
- Demonstrated experience in credit risk and regulatory reporting.
- Established credit, industrial, and risk acumen.
- Ability to understand and interpret complex business and credit risk requirements.
- Ability to work across all levels of the organization to understand cross-functional linkages and the implications of risk and regulations.
- Strong communication skills, including the capacity to articulate the case for sound credit practices.
- Competent skill set with Microsoft Office applications.
- Experience with the Salesforce platform.
Skills
- Financial statement analysis
- Industry assessment
- Collateral valuation
- Cash flow analysis
- Credit risk management
- Regulatory reporting
- Microsoft Office
- Salesforce
Location
- Remote
Work Type
- Full-time
Experience Level
- 4+ years
Education Level
- Bachelor's degree in Finance or Accounting
Salary/Compensations
- $115,000 to $140,000 per year
Benefits
- Medical insurance
- Dental insurance
- Vision insurance
- 401k
- Bonus and/or incentives
About the Company
- Piermont Bank is a digital commercial bank serving fast-growing companies with a fully digital experience and meaningful banker relations.
- The bank acts as a funding catalyst for mid-market innovation and growth, offering integrated and flexible financial solutions.
- Piermont is purpose-driven, responsive, and practical.
Equal Opportunity
- 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, status as a protected veteran, status as an individual with a disability or other applicable legally protected characteristics.