Director Portfolio Manager CRE

This is a hybrid role with the expectation that time working will regularly take place inside and outside of a company office. NY

First Citizens Commercial Real Estate originates and underwrites senior secured real estate transactions. With deep market expertise, underwriting experience and industry relationships, the unit provides financing for single properties, property portfolios and loan portfolios.

Vice President / Director-level Portfolio Manager specializing in Commercial Real Estate lending with expertise in senior debt, construction, bridge, industrial, and retail lending. Proven ability to manage complex loan portfolios through comprehensive credit underwriting, portfolio surveillance, risk rating assessments, covenant compliance monitoring, and portfolio reviews. Skilled in negotiating loan amendments, waivers, and restructurings, while partnering closely with Relationship Managers, Credit, Legal, and Operations teams to ensure effective portfolio management and timely transaction execution. Strong track record of analyzing property performance, managing construction loan oversight, supporting regulatory and audit requirements, mentoring junior team members, and identifying emerging credit risks to maintain portfolio quality and performance.

Duties & Responsibilities:

Portfolio Strategy - Implements CRE policies. Analyzes data, research, and market trends to meet client investment needs. Ensures compliance with investment and fiduciary guidelines within proprietary investment products. May assist senior leadership with initiatives that support wider strategic objectives regarding investments and asset allocation.
Client Servicing - Services the largest, most complex client accounts through ongoing reporting, monitoring, and handling of client portfolios. Completes extensive reports and presentations that provide clarity on borrower performance, covenant compliance, collateral coverage, debt service coverage, risk ratings, downgrade (and upgrade) triggers, and outlook. Provides support to Borrower's new money requests, waivers, amendments, modifications.
Portfolio Management - Oversees the active monitoring of individual credit exposures and identifies/escalates emerging risks/adverse trends

Qualifications:

VP Level:

Required:

Bachelor's Degree and 6 years of experience in Credit Analysis, Credit Underwriting or Management OR High School Diploma or GED and 10 years of experience in Credit Analysis, Credit Underwriting or Management.

Preferred:

• Familiarity with banking systems such as Salesforce, nCino, Moody's Credit Lens
• Exposure to key loan Commercial Real Estate Lending loan documents
• Ability to work independently and collaboratively, think critically, exercise sound judgement, communicate effectively verbally and in writing, and successfully manage time.
• Team player who is able to establish effective working relationships with internal and external counterparties
• 10+ years of banking experience
• 7+ years of Commercial Real Estate experience
• 7+ years of Commercial Real Estate experience with significant Portfolio Management
• Bridge Loans, Senior Secured, Construction, Multifamily, Industrial, Retail
• Bachelor's Degree
• Proficiency in Excel, Word and PowerPoint

Director Level

Required:

Bachelor's Degree and 8 years of experience in Credit Analysis, Credit Underwriting or Management OR High School Diploma or GED and 12 years of experience in Credit Analysis, Credit Underwriting or Management

Preferred:

• Ability to work independently and collaboratively, think critically, exercise sound judgement, communicate effectively verbally and in writing, and successfully manage time.
• Team player who is able to establish effective working relationships with internal and external counterparties
• Director: 15+ years of banking experience
• Director: 10+ years of Commercial Real Estate experience
• 7+ years of Commercial Real Estate experience with significant Portfolio Management
• Bridge Loans, Senior Secured, Construction, Multifamily, Industrial, Retail
• Bachelor's Degree
• Proficiency in Excel, Word and PowerPoint

Vice President:

The base pay for this position is generally between $135,000.00 and $175,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

Director:

base pay for this position is generally between $175,000.00 and $220,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.

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Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.