Corporate Banking CRE Portfolio Manager (Full Time) - Dallas

Job Description

Job Description

*A pre-employment credit check will be run on all qualified applicants.

External Applicants: Please apply through Prosperity Bank's Career Center at https://www.prosperitybankusa.com/Careers. Applying through any other source may prevent Prosperity from receiving your application. Internal Applicants: If you are a current associate of Prosperity Bank, please apply through the internal Talent - Career Center in ADP. Prosperity Bank is an Equal Opportunity Employer.

POSITION PURPOSE

A Corporate Banking CRE Portfolio Manager is required to have extensive knowledge of the commercial bank’s loan and deposit processes, policies, and systems. They should understand the loan approval process from initial requests through approval and booking. They should be equally familiar with deposit and treasury services. Given the required experience, the Portfolio Manager’s role is to work efficiently with lenders, staff, attorneys, loan ops and booking to meet customer timelines.

ESSENTIAL FUNCTIONS AND BASIC DUTIES

• Loan Closing: Responsible for identifying and coordinating the approval process for new and renewed CRE loans. The objective is to meet the expiration date of the existing loan or the closing date established by the lender and borrower.
• Underwriting & Credit Analysis: Effectively evaluate new CRE loan requests, renewals and modifications with credit analysts and lenders. Participate in preparation of loan approval forms by working with credit analysts and lenders in the completion and presentation of the LAW (credit memo) and potential MAW (modification memo). Maintain a good understanding of loan policies, pricing guidelines, collateral requirements, risk ratings, etc.
• Loan Documentation: Demonstrate ability to work effectively in the understanding of the elements of entity documents, security agreements, financing statements, guarantees, loan agreements, promissory notes, etc. Coordinate with legal counsel and internal loan operations to ensure proper documentation and regulatory compliance on new loans and loan modifications.
• Portfolio Risk Management:

• Monitor Loan Performance and Covenant Compliance: Ability to analyze borrower financial statements (including property operating statements, rent rolls, NOI performance, NOI projections, etc.), repayment activities and property conditions.
• Monitor Guarantor Covenant Compliance: Understand financial reporting including balance sheet, income statement and cash flow statement, cash flow analysis, projection analysis, sensitivity analysis, borrowing base calculations and financial covenants.
• Portfolio Reviews: perform to maintain accurate risk ratings and minimize exceptions, ensuring compliance with bank policy and regulatory standards.
• Workout and Problem Loan Resolution: Proactively identify deteriorating credit situations and develop strategies to mitigate loss, including preparing Watch List Action Plans.
• Relationship Management: Partner with lenders to maintain client relationships, handle complex credit issues, and provide specialized insight on construction loans (including construction draws) and term loans.
• Market Analysis: Conduct property tours, site visits, and market research to assess the impact of local conditions on the portfolio.

• Work positively and respectfully with co-workers and customers
• Maintain high ethical and professional standards dealing with bank customers, resources, policies, and reputation; being an example to their colleagues.

The above statements describe the general nature and level of work only. They are not an exhaustive list of all required responsibilities, duties, and skills. Other duties may be added, or this job description amended at any time.

SUPERVISORY RESPONSIBILITIES:

• Lead and manage team through training, developing, and coaching associates on a consistent basis
• Encourage others to set challenging goals and high standards of performance
• Inspire associates to define new opportunities and continuously improve the organization
• Celebrate and reward significant achievements of associates
• Present logical and persuasive case for proposals and positions
• Assist team in addressing their individual strengths and development needs

QUALIFICATIONS

Education/Certification: Bachelor’s degree. Successful completion of formal bank credit training program.

Experience Required: 3-5 years of corporate banking experience with direct CRE underwriting and portfolio management.

Experience with construction loans.

Experience with banking systems, CoStar, or specialized loan origination software.

Skills/Abilities: Excellent written and oral communications skills.

Precision in evaluating financial data and documenting credit actions.

Strong analytical abilities in Excel.

In-depth knowledge of commercial CRE lending policies and regulations.

PHYSICAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Talking: Especially where one must frequently convey detailed or important instructions or ideas accurately, loudly, or quickly.

Average Hearing: Able to hear average or normal conversations and receive ordinary information.

Repetitive Motion: Movements frequently and regularly required using the wrists, hands, and/or fingers.

Average Visual Abilities: Average, ordinary, visual acuity necessary to prepare or inspect documents or products, or operate machinery.

Physical Strength: Sedentary work; sitting most of the time. Exerts up to 10 lbs. of force occasionally. (Almost all office jobs.)

WORKING CONDITIONS

None: No hazardous or significantly unpleasant conditions (such as in a typical office).

MENTAL ACTIVITIES AND REQUIREMENTS OF THIS POSITION

Reasoning Ability: Ability to apply logical or scientific thinking to define problems, collect data establish facts and draw conclusions.

Able to interpret a variety of technical instructions and can deal with multiple variables.

Mathematics Ability: Ability to compute discount, interest, profit, and loss; commission markup and selling price; and ratio, proportion, and percentage.

Able to perform very simple algebra.

Language Ability: Ability to read periodicals, journals, manuals, dictionaries, thesauruses, and encyclopedias.

40 hours