Portfolio Manager (cre)

Come work with us:

Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank that provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities. The Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.

The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).

For more information, please visit the Bank’s website at MCBankNY.com.

Metropolitan Commercial Bank was named one of Newsweek's Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022.

About the role:

Metropolitan Commercial Bank’s CRE Lending Group is seeking a Junior Portfolio Manager to assist in the management of a growing commercial real estate loan portfolio. This role will report to the bank's Portfolio Manager and will materially contribute to the continued high growth and oversight of the commercial real estate portfolio. The loan portfolio consists of various types of commercial loans, including but not limited to lines of credit, term notes, and permanent loans. The portfolio is comprised of a variety of asset classes, including multifamily, retail, mixed-use, office, land and hotel. 

Duties and responsibilities of the job include the following (but is not limited too):

• Engage in daily dialogue with Commercial Lenders (CLs) and Portfolio Manager (PM) regarding portfolio management and property related concerns.  
• Assist in gathering financial information, including financial statements, rent rolls, tax returns, and any other information required to maintain the bank files updated on an ongoing basis.  
• Prepare annual reviews, including property performance status and tracking of covenant compliance requirements. 
• Assist the PM in the preparation and gathering of updated information for the quarterly loan review Memos (Watchlist/Criticized loans).  
• Assist PM with quarterly reviews of the Transitional Loan portfolio, including property performance updates and reporting requirements. 
• Develop a quarterly action plan, in advance, for loans coming up for maturity and/or renewal by maintaining ongoing communication with PM and CLs. 
• Prepare approval Memos with respect to maturity extensions, modification of existing loan terms and covenant waivers.
• Coordinate with PM and CLs to obtain outstanding information requested in connection with bank audits.   

Preferred experience, education, and qualifications:

• Bachelor’s degree in Finance, Business Administration, Real Estate, or a related field.
• 2+ years of experience in commercial real estate lending, financial analysis, or a related field.
• Perform quality work within determined timeframes.
• Strong analytical and problem-solving skills.
• Proficiency in financial modeling and data analysis.
• Excellent written and verbal communication skills.
• Attention to detail and ability to manage multiple tasks simultaneously.
• Knowledge of real estate market trends and commercial lending practices.

• Perform quality work within determined timeframes
• Interact professionally with other employees, customers, vendors and shareholders
• Work independently while understanding the necessity for communicating and coordinating work efforts with other employees, departments, divisions, etc.
• Work on ad-hoc tasks, assignments and projects as needed

Potential Salary: $85,000 - $115,000 annually

This salary range only reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law.

Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.

This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.