Commercial Real Estate Portfolio Manager

NewtekOne®, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries, provides a wide range of business and financial solutions under the Newtek® brand to the small- and medium-sized business ("SMB") market. Since 1999, Newtek has provided state-of-the-art, cost-efficient products and services and efficient business strategies to SMB relationships across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

Newtek's and its subsidiaries' business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, Electronic Payment Processing, Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting), eCommerce, Accounts Receivable Financing & Inventory Financing, Insurance Solutions, Web Services, and Payroll and Benefits Solutions.

Small Business Lending, LLC. is looking to add a Commercial Real Estate Portfolio Manager to its team.

The Commercial Real Estate (CRE) Portfolio Manager is responsible for managing a portfolio of existing commercial real estate banking relationships while underwriting new commercial real estate loan requests. This position is accountable for prudent underwriting and effective credit and risk administration, with a strong emphasis on adherence to the Bank's credit policies and procedures, regulatory requirements, financial analysis, risk assessment, covenant monitoring, and ongoing portfolio maintenance.

Essential Functions & Responsibilities:

Manage a portfolio of commercial real estate loan relationships, ensuring strong portfolio performance and asset quality.
Underwrite new commercial real estate credit requests, including new loan originations, renewals, modifications, extensions, and refinancing opportunities.
Assess the creditworthiness of existing and prospective borrowers through comprehensive analysis of:
Prepare detailed credit memoranda, annual relationship reviews, and risk rating recommendations in accordance with Bank policy.
Monitor portfolio performance by tracking loan maturities, past due credits, covenant compliance, financial reporting requirements, and other credit administration responsibilities.
Request, review, and analyze borrower financial statements, tax returns, rent rolls, operating statements, appraisals, environmental reports, and other third-party due diligence reports.
Ensure compliance with internal credit policies, lending guidelines, and applicable federal and state banking regulations.
Identify emerging credit issues and proactively communicate concerns to management while recommending appropriate action plans to mitigate risk and potential losses.
Partner with Relationship Managers, Credit Administration, Loan Operations, and other internal stakeholders to ensure timely servicing and ongoing management of the portfolio.
Maintain accurate loan files and ensure documentation supports sound credit decisions.
Stay current on commercial real estate market trends, economic conditions, and regulatory developments that may impact the portfolio.

Knowledge, Skills and Abilities:

Minimum of five (5) years of commercial real estate and/or commercial & industrial (CRE/C&I) underwriting experience.
Minimum of four (4) years of commercial real estate and/or C&I portfolio management experience within a banking environment.
Experience managing a commercial real estate portfolio in the New York City metropolitan market is strongly preferred.
Strong knowledge of commercial real estate lending, underwriting principles, and credit risk management.
Thorough understanding of commercial real estate markets, property types, market dynamics, and industry trends.
Working knowledge of commercial banking regulations, credit policies, and loan documentation.
Strong financial analysis, credit underwriting, and cash flow modeling skills.
Excellent analytical, organizational, and problem-solving abilities with exceptional attention to detail.
Effective written and verbal communication skills with the ability to clearly present credit recommendations and risk assessments.
Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Self-motivated with the ability to work independently while exercising sound judgment and decision-making.

Education and Certification Requirements:

Bachelor's degree in Finance, Accounting, Real Estate, Economics, Mathematics, or a related field is required.

Salary Range: $110,000-$140,000 per year

NewtekOne is an Equal Opportunity Employer; M/F/D/V. We require all of our employees to perform work in an ethical manner and uphold our Code of Business Conduct and Ethics at all times.