Carver Federal Savings Bank
Portfolio Manager/ Senior Commercial Loan Underwriter
Carver Federal Savings Bank, New York, New York, us, 10261
FLSA: Exempt • Location: East Harlem New York, NY • Reports To: Director of Underwriting and Portfolio Management • Hybrid Schedule: In Office 4 days, 1 day remote
Position Summary:
The Portfolio Manager & Senior Commercial Loan Underwriter is responsible for the credit evaluation, underwriting, and ongoing portfolio management of the Bank’s loan book, primarily Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loans. This highly visible role partners with the Director of Underwriting/Portfolio Management along with the Lending Team to structure, analyze, and approve large and/or complex loan transactions, while also overseeing risk management and compliance within the assigned portfolio.
The ideal candidate brings credit expertise, sound judgment, and a proactive approach to risk monitoring and client support.
We embrace a strong risk culture and all our professionals at all levels are expected to take a proactive and responsible approach toward risk management.
Key Responsibilities
Underwriting & Credit Analysis
Lead the underwriting and structuring of new and renewed CRE and C&I loan transactions, including owner-occupied and investor real estate, SBA transactions, business lines of credit, term loans, to a lesser extent, consumer loans. Analyze borrower financial statements, rent rolls, guarantor strength, global cash flow, schedules of real estate owned, debt service coverage, and collateral valuations. Prepare high-quality credit approval memorandums for presentation to the Management Loan Committee and Board committees as applicable. Provide input on loan structuring, pricing, terms, and risk mitigation strategies. Perform detailed due diligence, including market research, industry analysis, and sponsor review. Ensure all underwriting meets internal credit policy and procedures, regulatory compliance (e.g., Reg. B, Internal Risk Rating standards, OCC guidance), and risk appetite parameters. Portfolio Management
Manage a portfolio of complex CRE and C&I relationships with total exposure typically up to $10MM. Conduct regular risk reviews, covenant testing, and financial performance monitoring. Lead annual reviews, credit rating assessments, and early warning reviews for existing borrowers. Identify deteriorating credits or potential problem loans; collaborate with workout/collection team as needed. Maintain detailed and accurate credit files, relationship data, and loan tracking systems. Regular contact with Borrowers to ensure credit quality as well as initiating new business opportunities. Reviews relevant deal documents / information and ongoing portfolio management initiatives to maintain quality of loan book and compliance with loan covenant requirements. Leadership & Collaboration
Mentor junior analysts, providing guidance on deal structuring, analysis, and presentation. Collaborate with internal stakeholders (e.g., loan operations, compliance, legal, appraisal, and collateral teams) to ensure timely and smooth loan closings. Represent the credit function in client meetings and due diligence sessions for complex or high-profile transactions. Qualifications
Education & Experience
Bachelor’s degree in finance, Accounting, Economics, or a related field Minimum 7–10 years of direct experience in commercial credit underwriting and portfolio management, with a focus on CRE and C&I lending and relationship management Formal credit training or equivalent hands-on experience with complex transactions Skills & Competencies
Extensive knowledge of CRE underwriting (stabilized and construction), market fundamentals, and loan structures Strong understanding of C&I loan products including global cash flow. Experience with Leveraged financing preferred but not required Expert-level financial analysis and risk assessment capabilities Excellent written and verbal communication skills for executive-level reporting and credit presentations Ability to work in a fast-paced environment with little supervision Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments. Strong organizational skills with attention to detail and ability to manage competing priorities Proficient in Microsoft Word, Excel, Power Point and financial spreading tools (e.g., Moody’s, Silverlake, Jack Henry, Loan Vantage) Preferred Certifications
Completion of a formal bank credit training program (highly preferred) Work Environment
Hybrid, 4 days in office Some travel may be required for property site visits or client meetings
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Underwriting & Credit Analysis
Lead the underwriting and structuring of new and renewed CRE and C&I loan transactions, including owner-occupied and investor real estate, SBA transactions, business lines of credit, term loans, to a lesser extent, consumer loans. Analyze borrower financial statements, rent rolls, guarantor strength, global cash flow, schedules of real estate owned, debt service coverage, and collateral valuations. Prepare high-quality credit approval memorandums for presentation to the Management Loan Committee and Board committees as applicable. Provide input on loan structuring, pricing, terms, and risk mitigation strategies. Perform detailed due diligence, including market research, industry analysis, and sponsor review. Ensure all underwriting meets internal credit policy and procedures, regulatory compliance (e.g., Reg. B, Internal Risk Rating standards, OCC guidance), and risk appetite parameters. Portfolio Management
Manage a portfolio of complex CRE and C&I relationships with total exposure typically up to $10MM. Conduct regular risk reviews, covenant testing, and financial performance monitoring. Lead annual reviews, credit rating assessments, and early warning reviews for existing borrowers. Identify deteriorating credits or potential problem loans; collaborate with workout/collection team as needed. Maintain detailed and accurate credit files, relationship data, and loan tracking systems. Regular contact with Borrowers to ensure credit quality as well as initiating new business opportunities. Reviews relevant deal documents / information and ongoing portfolio management initiatives to maintain quality of loan book and compliance with loan covenant requirements. Leadership & Collaboration
Mentor junior analysts, providing guidance on deal structuring, analysis, and presentation. Collaborate with internal stakeholders (e.g., loan operations, compliance, legal, appraisal, and collateral teams) to ensure timely and smooth loan closings. Represent the credit function in client meetings and due diligence sessions for complex or high-profile transactions. Qualifications
Education & Experience
Bachelor’s degree in finance, Accounting, Economics, or a related field Minimum 7–10 years of direct experience in commercial credit underwriting and portfolio management, with a focus on CRE and C&I lending and relationship management Formal credit training or equivalent hands-on experience with complex transactions Skills & Competencies
Extensive knowledge of CRE underwriting (stabilized and construction), market fundamentals, and loan structures Strong understanding of C&I loan products including global cash flow. Experience with Leveraged financing preferred but not required Expert-level financial analysis and risk assessment capabilities Excellent written and verbal communication skills for executive-level reporting and credit presentations Ability to work in a fast-paced environment with little supervision Comfortable in customer contact situations including escalations and potential work-out/loan restructure environments. Strong organizational skills with attention to detail and ability to manage competing priorities Proficient in Microsoft Word, Excel, Power Point and financial spreading tools (e.g., Moody’s, Silverlake, Jack Henry, Loan Vantage) Preferred Certifications
Completion of a formal bank credit training program (highly preferred) Work Environment
Hybrid, 4 days in office Some travel may be required for property site visits or client meetings
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