CRE Portfolio Manager II - Affordable Housing

Job Description

Job Description

More than 135 years ago, we started with core values that never go out of style : listen, learn and help businesses and individuals reach their goals. These core values shape our culture, and we were recently Great Place to Work Certified because of our outstanding workplace culture and employee experience. As well, our financial strength and stability are key reasons Forbes named us one of the Best 100 Banks in America for the ninth consecutive year.

With more than $16 billion in assets and 135 branch locations throughout Washington, Oregon, Idaho, and California, we understand our role in the economy and take that responsibility seriously. In addition to offering a source of capital to personal banking clients and businesses of all sizes, we place a high importance on employee volunteerism and donate millions of dollars each year to community organizations.

As a CRE Portfolio Manager II in the Affordable Housing Division you will be responsible for underwriting complex affordable housing construction and permanent loan originations, including those related to LIHTC and other CRA qualified public-private partnerships. This role will develop and analyze affordable housing credits providing strong, thorough recommendations. Credit opportunities will be prepared, working closely with CRE Relationship Managers, Credit Administration, and Loan Administration to close transactions originated by the CRE Relationship Manager. Monitor borrower financial information, project performance, covenant compliance, maturities, and delinquencies, and provide accurate assessments of ongoing financial stability. Manage a CRE portfolio of borrowing clients with responsibility for portfolio quality.

In this role you will have the opportunity to :

• Analyze and investigate credit and financial information on prospective and existing customers. Perform credit inquiries for the Bank and analysis of data provided by customers, credit bureaus, other financial institutions, and Bank files.
• Prepare credit requests, modifications, and extensions within the portfolio. Provide credit and project analysis, risk assessments, summaries, and recommendations for CRE Relationship Managers and Credit Administration on new and existing credits.
• Collaborate with Loan Administration and Credit Administration in loan closings and construction loan advances. Review loan documentation, entity documentation, assist with loan budget preparation, and provide other support as necessary.
• Responsible for the tracking and analysis of financial information of new, renewed, and existing loans. Monitor loan terms for covenant compliance on existing loans. Regularly establish, review, and update new and existing loan files. Ensure maintenance of the loan monitoring system.
• Responsible for the management of financial information files to ensure current reports, statements, accounts receivable, and other information on customer accounts. Manage credit files to ensure receipt of current and accurate financial information, including tax returns, inventory, credit reports, financial statements, cash flows, and contingent liabilities. Responsible for all master file maintenance and quality.
• Work closely with CRE Relationship Managers in establishing and maintaining proper documents related to the perfection of the Bank’s lien position on loans secured by various collateral. Provide technical or advisory assistance to CRE Relationship Managers as requested. Maintain loan policy manuals and updates.
• Assist CRE Relationship Managers in management of customer relationships as needed.
• Perform site visits of existing and potential projects as necessary.
• Responsible for (in conjunction with CRE Relationship Manager) managing portfolio priorities, including reporting issues, maturities, delinquencies, and loan performance (including construction progress through absorption and lease-up performance, covenant compliance, and the appropriateness of ongoing risk ratings). Assist with periodic external and internal loan reviews.
• Responsible for complying with policies, procedures, security requirements, and government regulations. Ensure adherence and compliance to company and credit policies, auditing procedures, and department goals and standards.

Education & Certifications

Experience

Knowledge, Skills and Abilities

Travel

Compensation & Benefits

Please take time to review Banner Bank's Consent & Privacy notice before applying.

Banner Bank is an Equal Opportunity Employer committed to diversity in the workplace. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, citizenship, marital status, age, disability or protected veteran status.

Banner Bank does not accept unsolicited resumes from agencies and / or search firms for any job postings . Resumes submitted to any Banner Bank employee by a third-party agency and / or search firm without a valid written and signed search agreement, will become the sole property of Banner Bank. No fee will be paid if a candidate is hired for a position as a result of an unsolicited agency or search firm referral.

A note on how we use AI : We may use artificial intelligence (AI) tools to support parts of the hiring process, such as analyzing resumes. These tools assist our recruitment team but do not replace human judgment. While a sufficient interview pool is being generated, a human review of all resumes is conducted. Final hiring decisions are ultimately made by humans. We also review our AI tools to monitor for potential bias and we comply with applicable legal requirements for the use of AI tools in this context.