Manager Commercial Real Estate Lending Credit Administration
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|Status:||Inactive / Filled|
|Title:||Manager Commercial Real Estate Lending Credit Administration|
|Base Compensation:||$90,000 — $110,000|
|Total Compensation:||$110,000 — $130,000|
|Is Employer Willing to Relocate?:||No|
|Employment Type:||Full Time / Direct Hire|
|Job Categories:||Commercial Lending - Real Estate; Credit|
|Industries:||Banking; Financial Services; Real Estate / Mortgage|
WHY IS THIS A GREAT OPPORTUNITY?
Our client is an extremely strong and stable $5B-$10B financial institution that is a leader in its industry, and has been recognized as an excellent place to work. It aims to identify, leverage and manage to an employee’s strengths–providing the ability to achieve and exceed an individual’s objectives, and grow by doing what they do best. It targets compensation and benefits to be in the top third among financial services competitors. Every employee also participates in an incentive pay plan that rewards employees for attaining organizational and individual goals. It is now looking to grow its investor commercial real estate portfolio. While headquartered in Chicago, its clients are local and national. Under the direction of a skilled veteran real estate lender it has established a small team of specialists that has already achieved considerable success and is now poised for long-term growth. Our client will consider loans in all asset classes of investor real estate, provided that the owners and properties meet other rigorous underwriting criteria. Its preferred loan size is in the $10M range. The first addition to this team is now a Manager Commercial Lending Credit Administration.
JOB DESCRIPTIONResponsibilities and Duties • Supervise credit analysts and manage the underwriting process. • Provide a structured and consistent approach to ensure that individual. development plans are in place, performance management is consistent, and coaching and feedback are provided on a regular and dynamic basis. • Review commercial loan origination criteria with respect to credit risk and present findings based on thorough analysis. • Ensure strong internal controls and quality assurance policies and procedures are in place, documented and adhered to at all times. • Assist in formulating and maintaining an effective credit policy, procedures, and practices to maintain the commercial lending portfolio’s quality and profitability. • Responsible for management of third-party partner relationships to ensure optimum customer service, quality, accuracy and responsiveness. • Assist with projects which affect credit union wide commercial lending and sales efforts as well as implementation of necessary changes or revisions to commercial lending product. • Monitor processing of approved loans through closing including engagement, tracking and review of third party reports (appraisals, environmental assessments, property conditions reports, title commitments, surveys, etc.) • Supervise loan documentation production via outside counsel or vendors
• Completion of a Bachelor’s degree in Finance, Accounting or a related field and ten years or more of credit experience in a banking, credit union, CMBS or institutional lending environment with strong emphasis in commercial lending and commercial real estate. Formal credit training required. MBA or CPA a plus. • Thorough knowledge of credit analysis, lending, and loan and appraisal review. Ability to gather, analyze and compile financial data required to provide management reporting related to credit risk. • Strong analytical and problem-solving skills. • Strong organizational, collaborative and consultative skills. Effective interpersonal and communication skills. • Performance management skills required; must have the ability to lead a team through effective management skills including coaching, development, talent retention and recruitment. • Advanced computer skills utilizing MS Office Suite of products and financial statement spread software (Moody’s Risk Analyst). • Proficiency in mortgage servicing software a plus.
Total Years of Experience: