Portfolio Manager

About Us:

Piermont Bank is a digital commercial bank with a mission to serve fast growing companies at the speed they need. Entrepreneur-led and tech-forward, we offer a fully digital experience coupled with meaningful banker relations.  We believe in being a partner for enterprising companies, acting as a funding 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, responsive and practical, delivering integrated and flexible solutions that create 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 banks 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, line increases to existing relationships.
• Performs annual reviews of existing loan relationships.
• Prepare portfolio reports for credit supervision, risk committees and the Board.
• Assists in the preparation of Credit Administration reports, annual independent loan audit, and regulatory examinations.

Qualifications:

• Minimum of a bachelor’s degree in finance, 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.
• Working 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 communications skills, including the capacity to articulate the case for sound credit practices
• Competent skill set with use of Microsoft Office applications
• Use of 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 also 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 upon 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.