AVP Asset Manager

POSITION SUMMARY:

Analyze and review a Multifamily/Commercial real estate loan portfolio. Will perform loan modifications, collateral releases, restructures, site inspections and identify possible risks. Will also recommend and implement loan workout strategies.
RESPONSIBILITIES AND ACCOUNTABILITIES -

essential job functions include but are not limited to:
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Perform analysis on various types of financial statements and reports, to evaluate property’s cash flow position and borrower/guarantor’s financial soundness;
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Conduct fair value analysis as well as impairment test;
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Form action plans to actively manage troubled assets and follow through with actual resolution;
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Perform on site inspections.
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Prepare credit memoranda that accurately present pertinent credit risks and make classification recommendations to the Internal Asset Review Committee;
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Attend all Internal Asset Review committee meetings.
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Prepare information for the Allowance for Loan Losses Summary Report.
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Must have strong negotiation skills and the ability to handle complex credits and borrower situations. Evaluate existing borrower credit requests within established performance standards.
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Maintain compliance with the bank’s policies and procedures and regulatory requirements in order to achieve satisfactory ratings from internal and external auditors.
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Participate in various projects as needed.
MINIMUM QUALIFICATIONS:
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B.A. Business Administration with Finance emphasis or equivalent Minimum 5+ years experience in credit risk management and/or workout of multifamily and commercial real estate loans ;
· Experience and demonstrated technical skill and knowledge in the following areas:
oIncome property loan underwriting including property cash flow analysis, complex global relationship review, financial statements analysis of borrower and guarantor, collateral evaluation modules and credit review write-up;
oExperience and knowledge in loan classification, fair value analysis, accounting and regulatory guidelines associated with classified credits;
oExperience and knowledge of legal proceedings including foreclosure and bankruptcy proceedings;
oThorough understanding and experience in various types of loan workouts.
· Strong problem solving and analytical skills
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Strong negotiation skills and the ability to handle complex credits and borrower situations
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Excellent written and oral presentation skills
· Ability to organize and work concurrently on multiple projects
· Proficient in the use of software including Excel and Word
· Strong communication skills, both written and verbal
· Self starter and must be able to work efficiently in a fast paced and changing environment
The Bank is in full compliance with the Americans with Disabilities Act (ADA) and does not discriminate with regard to applicants or employees with disabilities, and will make reasonable accommodation when necessary. The following are essential abilities and physical requirements for all positions at the Bank:
Ability to verbally communicate effectively with others,
Ability to communicate effectively in writing, using the English language.
Ability to accurately count and perform arithmetic calculations.
Ability to work cooperatively with colleagues and supervisory staffs at all levels,
Exposed to short, intermittent, and/or prolonged periods of sitting and/or standing in performance of job duties,
Ability to use various types of equipment/supplies to include, but not limited to, computers, pens, pencils, calculators, telephone, etc. to accomplish job duties.
Travel by car, airplane, bus or train to other Bank offices and on occasion, to other sites to attend meetings, conferences, workshops, seminars, etc.
OneUnited Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or any other legally protected status.
Salary Range: $3,448 - $3,620.81/Biweekly, Which annualized to $89,648 - $94,141.06

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