MUFG Union Bank Commercial Real Estate Portfolio Manager I, Assistant Vice President in New York, New York
Commercial Real Estate Portfolio Manager I, Assistant Vice President - 10047068-WD
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Underwrite and manage a portfolio of IMD REI client credit relationships. Responsible for underwriting, structuring, and producing financial and market analysis as a critical part of the asset generation process for the delivery of credit products and services to customers and prospects. Provide oversight to Senior credit analysts within the IMD REI.
Underwriting (20-30%): Primary responsibility for underwriting, risk rating, and completing all final approval requests in accordance with the bank’s credit policy and procedure. Must have experience in wide array of commercial and commercial real estate related credit products to include construction, bridge, and permanent loans, including syndicated credits where bank is agent, as well as unsecured term loans and revolvers to select REITs/Funds. Must also be well versed in the REI’s product partner offerings, including transaction banking, capital markets, derivatives, wealth management, standby letters of credit, and third party DUS relationship in order to help achieve improved cross sell opportunities in collaboration with RMs leading to increased customer share of wallet. Manage the receipt and review of all necessary third-party reports and KYC. Ensure all required loan documents and agreements fully represent all facets of credit underwriting and approval package terms and conditions.
Portfolio Management (50-60%): Conduct ongoing credit monitoring, including LSRs/PLRs, ACL forecasts, materiality checks to ensure highest credit quality of assigned portfolio. Recognize and communicate potential credit quality issues within the Bank. Prepare RAAs for modifications or approvals needed during life of credit. Work as part of a team to deliver both credit products and non-credit services to clients and prospects. Call regularly on existing clients to obtain information that supports borrowers risk profile and obtains information necessary for effective credit monitoring. May be assigned to work with clients who have a higher risk profile or are in a turnaround situation.
Risk Management (20%): Demonstrate knowledge of and is sensitive to the current regulatory environment; adhere to the bank's Risk Vision, and risk management policies and programs; recognize and proactively address risk (including but not limited to those associated with Bank Secrecy Act, anti-money laundering, consumer compliance, fair lending, fiduciary responsibilities, and privacy); identify and appropriately manage risks. Ensure top quality data input in all bank systems such as CRECM, RACER, RA, etc.
Normally requires 3-5 years commercial real estate banking experience or equivalent real estate related industry.
Proven basic fundamental real estate analytic skills.
Understanding of credit underwriting, structuring skills and banking/capital markets products.
Good interpersonal and negotiating skills (both internal and external).
The above statements are intended to describe the general nature and level of work being performed. They are not intended to be construed as an exhaustive list of all responsibilities duties and skills required of personnel so classified.
We are proud to be an Equal Opportunity / Affirmative Action Employer and committed to leveraging the diverse backgrounds, perspectives, and experience of our workforce to create opportunities for our colleagues and our business. We do not discriminate in employment decisions on the basis of any protected category.
A conviction is not an absolute bar to employment. Factors such as the age of the offense, evidence of rehabilitation, seriousness of violation, and job relatedness are considered in all employment decisions. Additionally, it's the bank's policy to only inquire into a candidate's criminal history after an offer has been made. Federal law prohibits banks from employing individuals who have been convicted of, or received a pretrial diversion for, certain offenses.
Job : Corporate and General Services
Primary Location : NEW YORK-New York
Job Posting : Oct 5, 2021, 4:29:50 PM
Shift: : Day
Schedule: : Full Time
Req ID: 10047068-WD