Loan Portfolio Manager
Kforce - Bedminster, NJ
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Kforce has a client that is seeking a Loan Portfolio Manager in Bedminster, NJ. This role involves ongoing monitoring, developing, and recommending collection strategies to mitigate credit losses for the Bank.nnKey Responsibilities:nCommunication & Coordination:n Act as the primary contact for internal and external communications related to the loan portfolion Engage and direct the actions of outside counsel and other vendors efficiently and timelynnLoan Management:n Manage Consumer, Community Banking, and SBA problem loansn Develop and recommend workout and work-through strategiesn Evaluate collateral, loan documentation, and financial information to determine the borrower 's ability to repay and identify deficienciesnnMonitoring & Reporting:n Monitor borrower workout plans and account activities to ensure timely repayment and maximize collectionn Prepare and maintain quarterly criticized asset reportsn Attend and participate in watch portfolio reviews and risk committee meetingsn Assess and report risk rating, nonaccrual, and troubled loan modification issuesn Provide advice and counsel to lending unitsnnForeclosure & Liquidation:n Directly involved in foreclosing on residential and commercial real property held as collateraln Oversee the liquidation of non-real property assetsnnFinancial Analysis & Recommendations:n Make recommendations regarding the accrual of interest, impairment/establishment of specific reserves, and charge-offsn Assist in the calculation and documentary support of the Bank 's Allowance for Loan Loss provision and methodologynnSpecial Projects & Reporting:n Manage special projects related to the credit administration processn Prepare recurring and special reports accurately and timelyn Communicate effectively with Regulators, Auditors, and Credit Risk Review vendorsnnCredit Review:n Perform credit review and analysis of pass grade and new credits as needed
Created: 2024-10-03