Portfolio Manager III

Location : Hauppauge, NY

About Us :

Hanover Bank- When you love your work and the people you work with, careers are made!

Embracing diversity, valuing inclusion and showing respect are the foundation upon which we build our team. At Hanover Bank, inclusion means respecting personal beliefs and appreciating that we all have perspectives that matter. We are stronger together as we move toward a shared vision of personal and corporate growth.

Whether you are just starting out or a seasoned professional, working for Hanover Bank can launch you on a path to success. With a passion for excellence, we strive to deliver exceptional service to our clients, foster a positive impact in the communities in which we work and live and help our team members achieve their professional goals.

When you work with us you are empowered, engaged and encouraged to collaborate because every voice matters, every person counts!

Job Summary

Hanover Bank is looking for a full-time Portfolio Manager III to join our team. The Portfolio Manager III is responsible for maintaining and monitoring an existing commercial loan portfolio and working closely with the Director of Commercial Credit. The Portfolio Manager III is expected to maintain close contact with their clients to identify opportunities to expand the business relationship, both in loans and the Bank's other products and services. They are also responsible for identifying and addressing potential credit risk.

Essential Job Duties and Responsibilities

Manage all aspects of the borrower relationship in the assigned loan portfolio, including :

• Monitoring compliance with loan covenants.
• Assisting with loan reviews based on current financial information.
• Proactively completing loan renewals and modifications.
• Monitoring maturities in the portfolio and ensuring they are addressed appropriately.
• Communicating with and visiting customers, and updating the credit file with associated call reports.
• Addressing customer inquiries or requests for additional financing and / or other bank products.
• Processing loan advances.
• Monitoring interest reserves and replenishment.
• Monitoring borrowing base compliance.
• Assisting with the processing of paydowns and payoffs.
• Ensuring the timely payment collection and monitoring delinquencies.
• Mentoring junior Portfolio Managers, including providing support, training, and guidance on best practices.
• Aid in the development of portfolio management processes and procedures.

Education and Experience

Skills and Abilities

Our Benefits :

Health & Wellness Benefits

Voluntary Benefits

Retirement

Time Off & Recognition

Employee Engagement

Salary : $109,000.00 - $133,000.00 ; placement within this range will vary based on experience and skill level.

Hanover Bank is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Salary Description

$109,000.00 - $133,000.00