Portfolio Manager - Commercial Real Estate

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

First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has built a unique legacy of strength, stability and long-term thinking that has spanned generations. First Citizens offers an array of general banking services including a network of more than 550 branches in 23 states and commercial banking expertise delivering best-in-class lending, leasing and other financial services coast to coast. Parent company First Citizens BancShares, Inc. (NASDAQ: FCNCA) is a top 20 U.S. financial institution with more than $200 billion in assets.

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.

This position is responsible for managing, servicing, and developing Real Estate Finance (REF) banking relationships in an assigned area. Supports the ongoing financial and credit quality assessment needs of a mature portfolio through prescribed servicing and sales processes. Identifies client needs and recommends a product or service solution, making referrals to banking partners as appropriate. Builds strong relationships with clients in accordance with the Bank's core values, providing value for the client while maximizing sales revenue.

• Prepare informative, concise, and error-free quarterly and annual reviews that include well-structured rationale to justify recommended regulatory rating and risk gradings, appropriate performance analyses that effectively support such rationale, and updated projections, if needed, based on well substantiated assumptions consistent with property performance trend and market dynamics.
• Analyze the credit impact of borrowers' amendment, consent, waiver, extension or lease approval requests, support or lead negotiation on terms and conditions if necessary, engage counsel for document drafting, and manage internal credit approval as well as other related internal processes for timely closing.
• Monitor operating and financial metrics and covenant compliance upon the receipt of relevant reporting items against bank's base case and escalate any concerns to senior portfolio management staff.
• Work with off-shore analysts to monitor timeliness of borrower deliverables.
• Answer audit inquiries for internal and external credit exams as they arise
• Coordinate with middle office and various internal/external stakeholders to process loan payments and cash management transactions
• Understand and adhere to the Bank's credit policies and procedures
• Requires learning and use of the Bank's internal systems

Bachelor's Degree and 2 years of experience in Commercial Real Estate OR High School Diploma or GED and 6 years of experience in Commercial Real Estate.

Preferred Qualifications

• 5+ years of banking experience
• Proficiency in Excel, Word and PowerPoint
• 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 relationship with internal and external counterparties
• Familiarity with banking systems such as Salesforce, nCino, Moody's Credit Lens
• Exposure to key loan Commercial Real Estate Lending loan documents

For New York, the base pay for this position is generally between $120,000 - $140,000. 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.

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.