Who We Are
Cross River is a highly profitable, fast-growing financial technology company powering the future of financial services. Our comprehensive suite of innovative and scalable embedded payments, cards, and lending products deliver financial services for millions of businesses and consumers around the globe. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. We are on a mission to build the infrastructure that propels access, inclusion, and the democratization of financial services.
While our company has tripled in size over the last three years, our strong sense of purpose led Cross River to be named to American Banker’s list of Best Places to Work in Fintech for the last 6 years. The reason for this success is simple – our nimble and collaborative family culture lives in every member of our growing team. Together we are at the forefront of technology and innovation, and we invite passionate, collaborative, and motivated high performers to join our expanding team.
What We're Looking For
Cross River’s Commercial Banking Group is looking for an experienced Commercial Real Estate Portfolio Manager to join the team. The Portfolio Manager will be responsible for the ongoing management and oversight of the credit quality and performance of the commercial real estate portfolio including, but not limited to, monitoring loans, performing loan reviews and timely completion of CRE credit analyses.
Responsibilities:
- Analyze property level performance by conducting cash flow analysis, spreading financial statements, and analyzing reports
- Prepare written credit surveillance on all loans held in the CRE portfolio
- Conduct risk assessments by evaluating the strength of guarantors, industry analysis, collateral, and loan structures
- Track financial and non-financial loan covenants, including collection of financial documents
- Communicate with borrowers and brokers requesting updated financials, maintaining capture rates in line with business standards
- Prepare modifications relative to financial strengths and weaknesses of borrowers, including impairment analysis for any nonperforming loans
- Identify areas of risk at a loan and portfolio level which may indicate the need for further review
- Order and review third party reports, such as real estate appraisals and inspections
- Review & monitor properties for violations
- Interact with internal and external audit, respond to CRE loan related questions or issues, and produce necessary reporting
- Perform other duties as assigned
Qualifications:
- Minimum of 5 years of relevant commercial lending portfolio management experience
- Thorough knowledge of commercial real estate
- Knowledge of accounting and legal principles a plus
- Basic proficiency in financial statement analysis
- Demonstrated ability to manage and prioritize multiple tasks under tight time constraints
- Excellent analytical, organizational, written and verbal communication skills
- Detail-oriented and self-motivated team player with a strong work ethic
- Proficiency with Microsoft Office products
Education:
- Bachelor’s degree in Finance, Business, Accounting, Economics, or a related field preferred
#LI-ZN1 #LI-Hybrid #LI-OnsiteSalary Range: $75,000.00 - $115,000.00Cross River is an Equal Opportunity Employer. Cross River does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.By submitting your application, you give Cross River permission to email, call, or text you using the contact details provided.
We will only contact you with job related information.
