Job description
Company Description
For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.
Job Description
- Support the Bank’s commercial real estate banking activities.
- Source new customer relationship opportunities, including;
- New loans;
- New deposits;
- Cross selling bank services and non-credit products, including:
- Treasury products (e.g. swaps and caps);
- Cash Management;
- Private Banking;
- Wealth Management investment products.
- Analyze new loan opportunities, including:
- Collateral property financial modeling;
- Collateral property inspection;
- Sponsor evaluation;
- Guarantor financial strength and universal cash flow evaluation;
- Preparation of Opportunity Memoranda;
- Term sheet preparation and negotiation;
- Ability to present proposals to clients.
- Oversee underwriters and/or directly underwrite new loan opportunities and modifications of existing loans, including:
- Prepare internal memoranda and associated analyses;
- Interface with Credit Risk Management, Compliance, Credit Administration and senior lending personnel to effect efficient processing of new loan underwriting;
- Prepare CRE lending packages for presentation, including appropriate research and analysis, stress testing, spreads, etc.;
- Present loan recommendations to the bank’s Credit Committee.
- Close approved loans, including:
- Interface with bank counsel to prepare loan documents which accurately reflect the terms contained in the approved loan underwritings;
- Knowledge of real estate loan documents and ability to explain all aspects of documents to Borrower;
- Interface with the bank’s Due Diligence department as needed to affect consummation of the third party consultant reports (e.g. appraisal, environmental assessment, property condition assessment, etc.);
- Interface with insurance companies to obtain required insurance coverage and required endorsements;
- Interface with title insurance companies to assure bank required lien position and protective endorsements are obtained;
- Interface with the lending area’s administrative officer to facilitate the following on the date of closing;
- Closing related memoranda/approvals;
- Loan boarding;
- Application fee reconciliation;
- Manage a loan portfolio, including:
- Past due loan monitoring and collection;
- Maturing loan management;
- Loan covenant monitoring and enforcement;
- Preparation of annual reviews, including site inspections, for each term loan;
- Outstanding document and financial reporting monitoring and collection;
- Collateral adequacy monitoring and internal reporting;
- Preparation of criticized loan memoranda;
- Interface in a courteous, efficient and professional manner with other areas of the bank that support loan and deposit gathering and management, including:
- NY Real Estate personnel
- Credit Risk Management
- Executive officers, particularly the Chief Lending Officer
- Loan Operations Department
- Credit Administration Department
- Deposit Operations Department
- Cash Management Department
- Compliance Department
- Adherence to Compliance matters, including:
- Completion of all Compliance testing in a timely manner
- Particularly strong KYC skills
Qualifications
- 5-7 years commercial real estate lending experience, preferably on a commercial bank platform;
- Experience with financing term, bridge, line and rehab construction opportunities secured by CRE;
- Proficiency in the Microsoft Office software suite and Salesforce, Rims and Fiserv,
- Strong verbal and written communication skills;
- Demonstrated ability to work in a team environment and contribute to internal leverage;
- Occasional travel required;
- Capacity to work independently and with motivation to achieve goals with minimum supervision;
- Proven business development skills;
- Proven track record of superior financial sales performance;
- Stay abreast of market trends and develop/maintain a network of referral sources;
- Responsiveness, judgment, maturity, integrity and time management skills are required.
- Minimum Four year college degree, BA or MBA
Additional Information
Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.
All your information will be kept confidential according to EEO guidelines.
Due to COVID-19, we are now operating on a hybrid schedule. We value the safety of our employees because we’re all in this together.
NO AGENCIES PLEASE.
IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.
