Credit Associate - Private Banking Commercial Real Estate
About The Position
The Credit Associate-Private Banking Commercial Real Estate is responsible for supporting credit analysis and portfolio management activities. This role involves assisting with credit data analysis, underwriting, and portfolio review activities including facilitating credit risk recommendation. The Credit Associate may be assigned a book of lower-complexity loans and relationships. The Credit Associate collaborates with team members to ensure effective credit operations. The Credit Associate helps maintain high standards of credit quality and compliance. In partnership with Portfolio Managers and Credit Lead, this role will support the Private Banking Commercial Real Estate portfolio, while is comprised largely of mini-perm loans to high net worth individuals and family offices across a variety of product types (multifamily, retail, industrial, office, self-storage, and unsecured). Experience working with high net worth / private banking / wealth management clients is preferred. Candidate must have foundational understanding of personal financial statements, real estate schedules, and tax returns. On occasion, this role may support other CRE verticals in the bank, including institutional real estate and construction lending.
Requirements
- Bachelor's Degree or equivalent in Finance, Business, or related field
- Minimum 2 years of progressively increasing credit underwriting and portfolio management experience in relevant industry/industries
- Intermediate experience in credit management and lending operations, with a strong understanding of risk management principles
- Desire to build leadership and coaching skills, with the ability to train and develop talent
- Strong communication and collaboration skills, with the ability to work effectively with senior leadership and cross-functional teams
- Intermediate analytical skills, with the ability to interpret complex data and make informed decisions
- Industry-specific knowledge and expertise
Nice To Haves
- Experience working with high net worth / private banking / wealth management clients is preferred.
- Candidate must have foundational understanding of personal financial statements, real estate schedules, and tax returns.
Responsibilities
- Credit Analysis: Performs credit analysis activities to assess creditworthiness of borrowers, guarantors, and sponsors.
- Performance Monitoring: Performs portfolio management activities to monitor and analyze portfolio performance, including periodic reviews and covenant tracking.
- Data Analysis: Analyzes credit data, market and industry reports, trendcards, and prepare credit presentations to support underwriting and portfolio management.
- Risk Management: Supports effective risk management practices, maintaining high standards of credit quality and origination in alignment with Bank’s credit risk appetite, and compliance with institutional and regulatory requirements.
- Collaboration: Works closely with team members to ensure cohesive and effective credit operations. Participate in ad-hoc projects to support the organization’s priorities.
- Learning and Development: Demonstrates a strong desire to learn underwriting and portfolio management skills, actively seeking opportunities for professional growth and development, eventually leading to ownership of a portfolio of credits
Benefits
- Comprehensive healthcare coverage, including Medical, Dental and Vision plans, available the first of the month following start date
- Generous 401(k) company matching contribution
- Career Development through Tuition Reimbursement and other internal upskilling and training resources
- Valued Time Away benefits including vacation, sick and volunteer time
- Specialized health and family planning benefits including fertility benefits, and cancer, diabetes and musculoskeletal support programs
- Career Mobility support from a dedicated recruitment team
- Colleague Resource Groups to support networking and community engagement
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Mid Level
