Are you enthusiastic, highly motivated, and have a strong work ethic? If yes, come join our team! At Cathay Bank – we strive to provide a caring culture that supports your aspirations and success. We believe people are our most valuable asset and we proudly foster growth and development empowering you to achieve your professional goals. We have thrived for 60 years and persevered through many economic cycles due to our team members' drive and optimism. Together we can make a difference in the financial future of our communities.
The Portfolio Manager ("PM") is responsible for maintaining and monitoring the existing commercial loan portfolio and working closely with the SRM who owns the relationship of these accounts. The PM is expected to maintain close contact with these clients and leverage the relationship to identify and bring in additional new business opportunities, both in loans and the Bank's other products and services. The PM is expected to provide "best-in-class" service to these loan clients while following established Bank's policies and procedures.
ESSENTIAL FUNCTIONS Work closely with SRM(s) and Team Managers on the assigned loan portfolio by monitoring and managing the credit quality of such portfolio.Review to ensure each credit is properly risk rated based on the Bank's risk rating system.Maintain and grow existing client relationships, cross-sell the Bank's other products and services.Specifically accountable for credit underwriting and origination of new credits from the existing client base, portfolio monitoring, renewals, amendments, and annual reviews.Work with designated underwriter, loan assistants, and other loan support staff to prepare the Credit Commitment Report ("CCR").Review client's accounts and portfolios in order to identify, evaluate, and determine the appropriate course of action on potential credit quality issues to maximize credit quality and minimize risk and potential loss to the Bank.Ensure compliance with Bank, regulatory, and credit requirements with an emphasis on best-in-class customer service while adhering to required timeframes from the client.QUALIFICATIONS Education: College graduate with a major in related fields.
Experience:
7-10 years of loan account relationship management experience, credit underwriting experience, or a combination of both. Thorough knowledge of lending regulations and credit/underwriting practices.Strong loan portfolio management experience.Strong loan negotiation (rates, terms, collateral requirements) experience.Previous underwriting experience in the requisite area of commercial lending.Extensive knowledge and understanding of the Bank's credit policy, risk management, underwriting requirements, and loan servicing.Strong knowledge and understanding of commercial and specialty group banking products and services with a demonstrated ability to cross-sell such products.Skills/Ability: PC proficient. Excellent verbal and written communication skills. Bilingual (English/Mandarin or Cantonese) a plus but not required. Ability to work well independently to restructure loans and/or lines of credit. Must be organized, detail-oriented, and able to multi-task. Ability to work effectively in a fast-paced, high production, and team environment. Excellent time management skills and accustomed to working with deadlines. Ability to assume responsibility and accountability for decision-making. Ability to communicate effectively with all levels of Bank personnel.
OTHER DETAILS $140K – $164K / year
Pay determined based on job-related knowledge, skills, experience, and location.
Cathay Bank offers its full-time employees a competitive benefits package which includes coverage for medical insurance, dental insurance, vision insurance, life insurance, long-term disability insurance, flexible spending accounts (FSAs), health savings account (HSA) with company contributions, voluntary coverages, and 401(k).
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