Pacific Premier Bank
Portfolio Manager/Underwriter
Pacific Premier Bank, Los Angeles, California, United States, 90079
Los Angeles Office
333 S Grand Ave
Los Angeles, CA 90071, USA
Description
The Portfolio Manager/Underwriter - C&I is responsible for underwriting, reviewing, and monitoring an assigned portfolio of multifamily and commercial real estate term loans to ensure compliance with loan documents and Bank policy and procedures. RESPONSIBILITIES Responsible and accountable for credit underwriting for existing customers including renewals, modifications, and annual reviews. Order and/or perform property inspections and/or valuation updates on real estate collateral per Bank policy. Monitor credit risk by periodically evaluating financial trends, credit bureau reports, pay habits, covenant compliance and other sources of information of the borrower and guarantor(s); report any adverse situations and make appropriate recommendations. Collect, spread and analyze updated financial information in accordance with reporting requirements Ensure loan risk grades are accurate and justified Manage financial and covenant tickler system and ensure credit files are up to date. Collaborate with Relationship Managers, Loan Servicing & Administration, Legal, and other departments or vendors (internal or external) as appropriate in managing assigned portfolio. Coordinate with Borrowers on payoffs, line of credit advances, loan draws, etc. Perform all job functions with a sense of urgency and in a timely manner. Other related responsibilities and/or ad-hoc projects as assigned. QUALIFICATIONS Minimum 3 years of portfolio management experience including spreading and analyzing personal and company financial statements and other documentation relative to monitoring a portfolio of loans required. 3-5 years preferred Relevant work experience in commercial lending function (CRE, C&I) within the banking industry required A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $92,108 to $140,356. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit
https://www.ppbi.com/careers.html CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) (“Section 19”). In accordance with Section 19, the Company will consider an applicant’s criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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Description
The Portfolio Manager/Underwriter - C&I is responsible for underwriting, reviewing, and monitoring an assigned portfolio of multifamily and commercial real estate term loans to ensure compliance with loan documents and Bank policy and procedures. RESPONSIBILITIES Responsible and accountable for credit underwriting for existing customers including renewals, modifications, and annual reviews. Order and/or perform property inspections and/or valuation updates on real estate collateral per Bank policy. Monitor credit risk by periodically evaluating financial trends, credit bureau reports, pay habits, covenant compliance and other sources of information of the borrower and guarantor(s); report any adverse situations and make appropriate recommendations. Collect, spread and analyze updated financial information in accordance with reporting requirements Ensure loan risk grades are accurate and justified Manage financial and covenant tickler system and ensure credit files are up to date. Collaborate with Relationship Managers, Loan Servicing & Administration, Legal, and other departments or vendors (internal or external) as appropriate in managing assigned portfolio. Coordinate with Borrowers on payoffs, line of credit advances, loan draws, etc. Perform all job functions with a sense of urgency and in a timely manner. Other related responsibilities and/or ad-hoc projects as assigned. QUALIFICATIONS Minimum 3 years of portfolio management experience including spreading and analyzing personal and company financial statements and other documentation relative to monitoring a portfolio of loans required. 3-5 years preferred Relevant work experience in commercial lending function (CRE, C&I) within the banking industry required A reasonable, good faith estimate of the minimum and maximum base salary or pay for this position is $92,108 to $140,356. Actual compensation will vary based on various factors including but not limited to location, experience, and performance. A discretionary bonus and/or business line incentive may be provided, in addition to a medical and other benefits, dependent on the position. For more information regarding our benefits, please visit
https://www.ppbi.com/careers.html CA (Los Angeles applicants): Applicants are notified that the Company is an insured depository institution subject to the restrictions and requirements of Section 19 of the Federal Deposit Insurance Act (12 CFR 303) (“Section 19”). In accordance with Section 19, the Company will consider an applicant’s criminal history after an applicant is made a conditional offer of employment. Qualified applicants with criminal conviction records will be considered for employment in accordance with the Los Angeles Fair Chance Ordinance. Section 19 may prohibit the Company from employing an applicant with criminal conviction(s) for fraud, breach of trust, embezzlement, mishandling of money or any crime of violence may have a direct impact on the job duties as set forth in the job description and such convictions may result in withdrawal of a conditional offer of employment in accordance with the Los Angeles Fair Chance Ordinance. Because of the nature of our business, a review of your criminal history is necessary to comply with Section 19 and to avoid substantial risk to our business operations and licensing. Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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