Reporting directly to the RVP of Commercial Lending, the Portfolio Officer will actively work with assigned Commercial Lenders to manage and monitor their Commercial portfolio performance, ensure timely reporting and ongoing monitoring as required. The role will include all facets of portfolio administration.
A critical success factor is the direct involvement with monitoring pre and post-closing conditions for all Lending including: construction, value add and stabilized properties to ensure proper compliance with the terms and conditions of each loan. This individual will partner with the lenders and Credit Administration as a key lending resource in vetting, structuring and when needed, presenting loan transactions for approval and/or modification. Additional duties will include involvement in updating and/or developing lending policies and procedures as requested; maintain credit policy and risk rating system compliance.
Facilitate credit/financial reviews with appropriate focus on building comprehensive analysis and narratives utilized in loan presentations, participation offerings renewals, monitoring portfolio and credit commentary related to construction, value add, acquisition or recap financings. Serves as liaison with Credit Manager and assigned RM's to insure a balanced, independent point of view. Assist in the timely completion of credit analysis, and making recommendations on credit opportunities in a committee forum. (25%)
Assist Lenders in origination activities as directed and/or needed. Participates in the loan approval process including presentations to the Credit Committee and/or the Board of Directors as requested by the lenders or the EVP of Commercial Lending. Serves as a key resource working with Loan Officers in vetting prospective deals and approving credit within policy limits. (20%)
Continually monitor and assess status of loan portfolios through periodic scheduled reviews and participates in the validation of individual risk ratings. When needed, works with lending officers to identify problem loans and potential problems. Serves as a critical resource to lenders and regional leaders in developing and executing annual reviews and when necessary exit and/or workout strategies. (20%)
Together with Credit Administration leadership, assess and recommend use of vendors related to loan due diligence activities including but not limited to appraisers, environmental reviews, property condition inspections, construction inspections. (5%)
Working periodically with CRE Credit Officer and the Commercial Lending team and leadership, the Portfolio manager will help identify and participate in periodic analysis of commercial loan portfolio credit concentrations to assess credit and portfolio risk, improve the bank's underwriting of credits, and monitoring of industry and/or property asset trends, which affect the existing and future portfolio. (20%)
Build Market Knowledge as directed: (10%)
Maintain a strong, visible market presence to promote HarborOne's Commercial Business and the entire bank's capabilities; develop contacts and resources including Developers, Brokers and Correspondents Cross sell HO solutions for Residential Mortgages, Retail, Consumer/Indirect AutoAssume additional responsibilities and duties as necessary to ensure department objectives are met.
Education and Qualifications:
The qualified candidate will have at least 10 years of direct underwriting and portfolio management experience. Knowledge of SBA and other similar government guarantee programs preferred. A Bachelor's degree from a four year College or University is preferred.
Ability to read and interpret documents such as safety rules, operating and maintenance instructions, and procedure manuals. Ability to write routine reports and correspondence. Ability to speak effectively before groups of customers or employees of organization.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume. Ability to apply concepts of basic algebra and geometry.
Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form. Ability to deal with problems involving several concrete variables in standardized situations.
Harborone Bancorp, Inc.