CRE Portfolio Manager II – Affordable Housing

🕒 May 13

☕ Washington – Remote

☕ Washington – Remote

💵 $131.3k - $154.5k / year

⏰ Full Time

🟡 Mid-level

🟠 Senior

👔 Manager

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Banner Bank

WebsiteLinkedInAll Job Openings

1001 - 5000 employees

Founded 1890

🏦 Banking

💸 Finance

💳 Fintech

Banking • Finance • Fintech

Banner Bank is a financial institution that offers a wide range of banking and financial services to both individuals and businesses. It provides solutions such as personal and business checking and savings accounts, credit cards, personal and home loans, and investment services. Banner Bank also offers specialized services such as online and mobile banking, fraud prevention, and wealth management. Known for its focus on customer trust and satisfaction, Banner Bank has received several accolades including recognition by Newsweek and Forbes as one of the best regional and trustworthy banks. It operates in multiple states including Washington, Oregon, Idaho, and California, and is a preferred SBA lender in many communities.

📋 Description

• Responsible for underwriting complex affordable housing construction and permanent loan originations, including those related to LIHTC and other CRA qualified public-private partnerships. • Develop and analyze affordable housing credits providing strong, thorough recommendations. • Prepare credit opportunities, working closely with CRE Relationship Managers, Credit Administration, and Loan Administration to close transactions. • Monitor borrower financial information, project performance, covenant compliance, maturities, and delinquencies. • Provide accurate assessments of ongoing financial stability. • Manage a CRE portfolio of borrowing clients with responsibility for portfolio quality.

🎯 Requirements

• Bachelor's Degree: Accounting, Business, Economics, Law, Computer Science or other related field required (an equivalent combination of education and experience may be considered) • 6 or more years of banking credit analysis experience required • Preferred Affordable Housing/ LIHTC credit analysis experience • Advanced analytical skills and working knowledge of financial accounting with ability to spread and analyze financial statements, cash flows, and tax returns for companies and individuals with moderate to complex structures to determine financial support feasibility for credit requests. • Knowledge of company formation structures with ability to identify borrowing and guaranty structures. • Advanced skills managing portfolio needs including reporting issues, concentrations, maturities, delinquencies, and loan performance (including construction progress through absorption and lease-up execution, covenant compliance, and the appropriateness of ongoing risk ratings). • Possess excellent verbal and written communication, organizational, and interpersonal skills. Ability to effectively manage customer relationship and maintenance issues in the absence of CRE Relationship Managers. • Ability to understand client needs, identify potential cross-sell opportunities, and participate in team calling goals involving joint retention calls and prospecting activity. • Proficient in Word, Excel, Teams, SharePoint and other similar programs. • Knowledge of federal and state laws and regulations relating to Commercial Real Estate Lending.

🏖️ Benefits

• Comprehensive employee benefits, including: medical, dental, vision, LTD, STD and life • Paid vacation time, sick time, personal days, paid volunteer time and 11 company paid holidays • 401k (up to 4% match with immediate vesting) • Tuition reimbursement up to $5,250 annually (minimum service requirement)