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CRE Associate Relationship Manager (336673BK)Overview $130,000 - $135,000/year New York -- New York  Permanent
The CRE Associate Relationship Manager (AVP) is responsible for loan structuring and analysis, deal prescreening, drafting term sheets, drafting credit applications, origination pipeline management and other tasks in support of CRE Team's loan origination and client management matters. Main Duties and Responsibilities Originations:
Review appraisals and other due diligence reports, and proactively identify issues and concerns. Assist in sizing and structuring new transactions and complex refinances, draft Term Sheets and assist Relationship Managers in deal negotiations. Liaise with various parties to ensure approved credit requests are carried out in a timely manner (3rd party consultants, attorneys and other vendors). In conjunction with Loan Closer, execute the loan closing process and facilitate the flow of loan legal documents (customer, bank). Liaise between Relationship Managers and the Credit Division (Underwriters, Credit Officers) to facilitate credit needs of customers. Perform other duties, as assigned, which fall within scope of responsibility, including but not limited to portfolio reporting, maintaining pipeline, activity reports, and relationship plans. Portfolio Management:
Maintain oversight of all ongoing monitoring requirements and client deliverables as well as compliance with all terms of the loan Liaise between Relationship Managers and the Credit Division to facilitate credit needs of customers, whether through modifications, extensions, or renewals. Update, track and follow up with customers on financial covenants, real estate taxes and insurance due on a periodic basis. Execute and manage all portfolio monitoring tasks: dashboard report monitoring (maturities, past due), Identify and communicate portfolio issues/areas of concern and implement control mechanisms to ensure portfolio Prepare annual reviews Early identification of risk and potential risk rating Assist Relationship Managers with all customer related Perform other duties, as assigned, which fall within scope of responsibility Qualifications Needed
Strong working knowledge of all functional areas that comprise CRE finance Strong work ethic, initiative, ownership/accountability and follow-through on responsibilities and assignments. Excellent communication skills (verbal and written) at all levels throughout the Bank, as well as borrowers, participating lenders and third party Strong project management and organizational Experience with hospitality and residential condominium projects is a plus. Experience with ground-up construction is a plus. Maintain current knowledge of BOM, policy guidelines and bank compliance requirements (BSA/AML/OFAC and other regulations) and participate in training and policy initiatives as Technical Skills: Proficiency with MS Office products, Internet and ability to research property status, violations, title, etc.). Experience Required/Preferred: Minimum 2 years of relevant experience Education Required/Preferred: Bachelor's Degree with a concentration in Finance/Accounting/Economics. Languages Required/Preferred: Other than English: Fluent Hebrew is a plus
Ascendo is a certified minority owned staffing firm, and we welcome and celebrate diversity. Ascendo is an Equal Opportunity Employer and does not discriminate on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, parental status, military service or any other characteristic protected by federal, state or local law. Contact informationBrian Keane |