OceanFirst Bank
Credit Portfolio Manager II- Construction Len
OceanFirst Bank, Red Bank, New Jersey, us, 07701
Credit Portfolio Manager II‑Construction Len – OceanFirst Bank
At OceanFirst Bank, each employee plays an essential role in achieving our mission and executing daily tasks in alignment with our core values. OceanFirst provides a respectful, professional, and diverse environment that makes it a great place to work and do business.
Great benefits include an on‑site fitness facility at Red Bank and Toms River headquarters, employee perks and discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more.
About Your Role In concert with SCO, directs all facets of construction loan processing from origination to closing. Performs independent analysis for commercial loan requests of a complex nature; evaluates and recommends approval, denial or alternative structuring solutions; manages the bank’s most complex construction loans. Prepares written analysis, succinctly summarizes underlying risk, and recommends risk rating. Identifies and documents any deviations from the Commercial Loan Policy as appropriate. Reviews analyses performed by Credit Analyst staff and incorporates findings into overall risk assessment. Recommends and approves credit decisions within established authority in conjunction with Credit Officer if applicable. Ensures adherence to all applicable laws, regulations and company guidelines. Provides guidance to less seasoned Credit Portfolio Managers and Credit Analyst staff.
What You Will Do
Direct all facets of construction loan processing from origination to closing.
Review and/or negotiate Commercial Real Estate (CRE) loan documents, while protecting the bank’s interest, and manage the loan portfolio from approval to pay‑off or maturity.
Manage the bank’s most complex construction loans and prepare and manage construction budgets.
Partner with customers, attorneys, construction consultants and title company representatives throughout all phases of financing and closing; review third‑party reports for accuracy and relevant data.
Perform efficient, concise detailed analysis and quality underwriting of commercial/construction loan proposals, including the most complex loans; proactively analyze and structure proposals and complete the underwriting and evaluation process. Identify loan structure alternatives and make recommendations on credit decisions. Be the final decision maker on credits within individual lending authority. Ensure compliance with credit policy and underwriting requirements.
Maintain overall credit quality of the region’s loan portfolio by proactively identifying the impact of current economic and market trends; take appropriate action to mitigate and control risks. Identify and document any deviations from the Commercial Loan Policy as appropriate.
Discuss and review covenants and overall assessment with reviewers and establish turnaround/delivery requirements. Participate in customer meetings to provide expert analytical counsel and credit perspective.
Conduct thorough annual review of current portfolio clients, including review of financials, site visits, and assessment of general business information and other risk indicators.
Analyze secondary sources of repayment such as collateral; assess the quality and source of collateral marketability in a liquidation scenario.
Analyze a guarantor’s financial position through a thorough investigation of personal financial statements to understand contingent liabilities and construct an estimated personal net cash flow.
Prepare comprehensive written analysis for loan proposals, including summary of financial statements, cash flow trends, management profiles, business and product cycles, operating performance and appropriate economic and market research.
Assign a credit risk rating.
Prepare in‑depth loan packages with detailed analysis and recommendations for presentation to reviewers and/or Management Credit Committee. Attend Management Credit Committee to provide input on overall assessment and answer questions regarding credit analysis as necessary. May present credits to the Management Credit Committee.
In partnership with Commercial Relationship Managers and Regional Managers, establish and maintain relationships with current and prospective customers; leverage knowledge to identify opportunities to cross‑sell additional loan and non‑credit products to clients.
Provide guidance to less seasoned Credit Portfolio Managers and Credit Analyst staff.
Ensure compliance with all required documentation; ensure loan terms and conditions adhere to established credit policy and approval. Ensure compliance with applicable federal, state and local laws and regulations, agency guidelines and organization policies.
Provide approval authority for commercial loans as specified by Loan Policy.
What We Expect Of You
Considerable knowledge of commercial real estate lending including letters of credit, borrowing base lending, multi‑phased construction, and transactions secured by multiple collateral properties.
Strong technical expertise in closing and loan management functions.
Demonstrated ability to close commercial real estate loans and manage a commercial real estate loan portfolio.
Knowledge of commercial real estate finance, law, documentation, accounting and data systems.
Thorough knowledge of the commercial lending process, including credit evaluation and underwriting expertise with proven success making independent credit assessments. Ability to analyze participation loans and other loans with complex covenant structures.
Thorough knowledge and understanding of credit approval policy and process with the proven ability to accurately interpret lending policy and apply same to the management of the portfolio.
Knowledge and understanding of qualitative portfolio analytics and metrics with the ability to utilize automated and manual analytical tools and techniques, including “what‑if” scenarios and in‑depth projective financial analysis to the most complex lending scenarios.
Ability to identify and quantify business risks and the key drivers of risk and focus decisions accordingly.
General understanding of bank’s overall portfolio mix, concentration and exposure limits, risk philosophy; ability to understand client industry and its fit into portfolio parameters.
Thorough knowledge of banking regulations and laws governing commercial lending.
Strong written and oral communication skills with the ability to effectively communicate financial analysis detail in a clear, concise manner. Confident in the ability to present to senior management and/or Credit Committee as necessary.
Ability to establish and maintain professional internal partner and external client relationships.
Demonstrated ability to provide guidance and leadership to less seasoned staff.
Strong organizational skills with ability to set priorities in a multi‑task environment and meet deadlines.
Demonstrated proficiency with Microsoft Office, with specific capability in Word and Excel.
Ability to maintain the confidentiality of credit and customer information.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Finance and Sales
Banking
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Great benefits include an on‑site fitness facility at Red Bank and Toms River headquarters, employee perks and discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more.
About Your Role In concert with SCO, directs all facets of construction loan processing from origination to closing. Performs independent analysis for commercial loan requests of a complex nature; evaluates and recommends approval, denial or alternative structuring solutions; manages the bank’s most complex construction loans. Prepares written analysis, succinctly summarizes underlying risk, and recommends risk rating. Identifies and documents any deviations from the Commercial Loan Policy as appropriate. Reviews analyses performed by Credit Analyst staff and incorporates findings into overall risk assessment. Recommends and approves credit decisions within established authority in conjunction with Credit Officer if applicable. Ensures adherence to all applicable laws, regulations and company guidelines. Provides guidance to less seasoned Credit Portfolio Managers and Credit Analyst staff.
What You Will Do
Direct all facets of construction loan processing from origination to closing.
Review and/or negotiate Commercial Real Estate (CRE) loan documents, while protecting the bank’s interest, and manage the loan portfolio from approval to pay‑off or maturity.
Manage the bank’s most complex construction loans and prepare and manage construction budgets.
Partner with customers, attorneys, construction consultants and title company representatives throughout all phases of financing and closing; review third‑party reports for accuracy and relevant data.
Perform efficient, concise detailed analysis and quality underwriting of commercial/construction loan proposals, including the most complex loans; proactively analyze and structure proposals and complete the underwriting and evaluation process. Identify loan structure alternatives and make recommendations on credit decisions. Be the final decision maker on credits within individual lending authority. Ensure compliance with credit policy and underwriting requirements.
Maintain overall credit quality of the region’s loan portfolio by proactively identifying the impact of current economic and market trends; take appropriate action to mitigate and control risks. Identify and document any deviations from the Commercial Loan Policy as appropriate.
Discuss and review covenants and overall assessment with reviewers and establish turnaround/delivery requirements. Participate in customer meetings to provide expert analytical counsel and credit perspective.
Conduct thorough annual review of current portfolio clients, including review of financials, site visits, and assessment of general business information and other risk indicators.
Analyze secondary sources of repayment such as collateral; assess the quality and source of collateral marketability in a liquidation scenario.
Analyze a guarantor’s financial position through a thorough investigation of personal financial statements to understand contingent liabilities and construct an estimated personal net cash flow.
Prepare comprehensive written analysis for loan proposals, including summary of financial statements, cash flow trends, management profiles, business and product cycles, operating performance and appropriate economic and market research.
Assign a credit risk rating.
Prepare in‑depth loan packages with detailed analysis and recommendations for presentation to reviewers and/or Management Credit Committee. Attend Management Credit Committee to provide input on overall assessment and answer questions regarding credit analysis as necessary. May present credits to the Management Credit Committee.
In partnership with Commercial Relationship Managers and Regional Managers, establish and maintain relationships with current and prospective customers; leverage knowledge to identify opportunities to cross‑sell additional loan and non‑credit products to clients.
Provide guidance to less seasoned Credit Portfolio Managers and Credit Analyst staff.
Ensure compliance with all required documentation; ensure loan terms and conditions adhere to established credit policy and approval. Ensure compliance with applicable federal, state and local laws and regulations, agency guidelines and organization policies.
Provide approval authority for commercial loans as specified by Loan Policy.
What We Expect Of You
Considerable knowledge of commercial real estate lending including letters of credit, borrowing base lending, multi‑phased construction, and transactions secured by multiple collateral properties.
Strong technical expertise in closing and loan management functions.
Demonstrated ability to close commercial real estate loans and manage a commercial real estate loan portfolio.
Knowledge of commercial real estate finance, law, documentation, accounting and data systems.
Thorough knowledge of the commercial lending process, including credit evaluation and underwriting expertise with proven success making independent credit assessments. Ability to analyze participation loans and other loans with complex covenant structures.
Thorough knowledge and understanding of credit approval policy and process with the proven ability to accurately interpret lending policy and apply same to the management of the portfolio.
Knowledge and understanding of qualitative portfolio analytics and metrics with the ability to utilize automated and manual analytical tools and techniques, including “what‑if” scenarios and in‑depth projective financial analysis to the most complex lending scenarios.
Ability to identify and quantify business risks and the key drivers of risk and focus decisions accordingly.
General understanding of bank’s overall portfolio mix, concentration and exposure limits, risk philosophy; ability to understand client industry and its fit into portfolio parameters.
Thorough knowledge of banking regulations and laws governing commercial lending.
Strong written and oral communication skills with the ability to effectively communicate financial analysis detail in a clear, concise manner. Confident in the ability to present to senior management and/or Credit Committee as necessary.
Ability to establish and maintain professional internal partner and external client relationships.
Demonstrated ability to provide guidance and leadership to less seasoned staff.
Strong organizational skills with ability to set priorities in a multi‑task environment and meet deadlines.
Demonstrated proficiency with Microsoft Office, with specific capability in Word and Excel.
Ability to maintain the confidentiality of credit and customer information.
Seniority level
Mid‑Senior level
Employment type
Full‑time
Job function
Finance and Sales
Banking
#J-18808-Ljbffr