Portfolio Manager
: Job Details :

Piermont Bank is a commercial bank with a mission to serve fast-growing companies. We are entrepreneur-led and tech-forward. We believe in being a partner for enterprising companies, acting as a catalyst for mid-market innovation and growth. Piermont's financial solutions and expertise empower our business community to thrive. At Piermont, we are purpose-driven, practical, and offer fast answers and flexible solutions, creating value for clients in today's fast-changing economy. For more information, visit www.piermontbank.com.

The Role:

The Portfolio Manager is responsible for monitoring and assessing the credit risk of the bank's commercial loan portfolio. This individual will focus on detailed financial statement analysis, industry assessment, collateral valuation, and cash flow analysis.

Responsibilities:

• Management of the Bank's loan portfolio for existing relationships, and routine, proactive oversight of the loan portfolio to identify potential weaknesses that could adversely impact asset quality.
• Manage loan renewals and line increases to existing relationships.
• Perform annual reviews of existing loan relationships.
• Prepare portfolio reports for credit supervision, risk committees, and the Board.
• Assist in the preparation of Credit Administration reports, annual independent loan audit, and regulatory examinations.

Qualifications:

• Minimum of a bachelor's degree in finance or accounting and at least 4 years of increasingly diverse and complex applications in underwriting or loan portfolio management.
• Credit training formal and/or on-the-job training is required.
• Experience in a commercial banking and commercial real estate environment is required.
• Demonstrated experience in credit risk and regulatory reporting.
• Established credit, industrial, and risk acumen.
• Understand and interpret complex business and credit risk requirements.
• Work across all levels of the organization to understand cross-functional linkages and interdependencies, as well as the implications of risk and regulations at the business level.
• Strong communication skills, including the capacity to articulate the case for sound credit practices.
• Competent skill set with the use of Microsoft Office applications.
• Experience with the Salesforce platform.

The hiring range for this position is $115,000 to $140,000 per year. The base pay actually offered will take into account internal equity and may vary depending on the candidate's job-related knowledge, skills, and experience, among other factors. A bonus and/or incentives may be provided as part of the compensation package, in addition to the full range of medical, dental, vision, 401k, and other benefits.

Piermont Bank is an equal-opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. We do not discriminate based on race, religion, color, national origin, political affiliation, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.

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