Portfolio Management Analyst (Brea, CA)Title: Portfolio Management Analyst (Brea, CA)
Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $87.9 billion at June 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 402 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG, NYSE:MTU), one of the world's largest financial organizations. for more information.
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Reporting to Portfolio Manager, the Analyst is responsible for analysis of commercial real estate portfolio loans pending loan modification, loan retentions, and extensions. Underwrite multi-family, mobile home parks, and commercial properties. Specific tasks include assisting with the preparation of credit packages. Request, obtain and analyze borrower and property financials. Analyst will be responsible for coordination of the loan closings through management of the pipeline and communications with other departments and external clients. Assist in development of portfolio reporting, focused on loan retention, relationship expansion, and internal referrals. Effectively represent Union Bank and REI/CMO group when communicating directly with borrowers and internal partners. Analyst is responsible for successfully assisting department in meeting team goals for loan retention, relationship expansion, and or Responsibilities:
50% - Assist Portfolio Officer and Portfolio Manager in the underwriting analysis and preparation of credit packages for streamlined rate reductions, loan modifications, and extensions. Major job duties include the direct management of Portfolio Management pipeline to ensure timely loan closings. This includes communications and coordination with other departments and external clients. Underwrite multi-family, mobile home parks, and commercial properties with limited assistance. Credit analysis of borrower and principals. Review complex leases, obtain comparables and accurately assess historical performance of property and sub-market. Interact, as necessary with leasing brokers in subject market area to obtain market intelligence and leasing comparables. Interact directly with clients on daily basis to obtain due diligence items - borrower and property financials - and follow-up as necessary. Schedule site inspections with borrower and accompany portfolio officer as necessary on-site inspections. Job duties may also include, requesting rate locks with Treasury, ordering and reviewing appraisals, coordinating the processing of loan deposits, ensuring loan packages are reviewed by accounting, submitting credit packages via RACER, and working with CRELA and compliance. Reviewing loan documents. Run and review credit, as necessary. Completing and updating loan status reports as necessary. Finalizing credit packages for approval. Identify and specify funding/closing requirements/conditions necessary to limit risk to and ensure compliance with loan policies and procedures and regulatory policy. 30% - Identifying opportunities for loan retention, relationship expansion, and loan referrals. Through the analysis of loan portfolio reports, identify opportunities for internal refinance or relationship expansion. Further, utilize analytical skills to determine viability of potential loan refinance or new loan.
Other duties as assigned.
Typically requires a degree from a four-year college (e.g., BA, BS) and with at least 3 years of experience in underwriting and risk assessment. Underwriting abilities to include the analysis of the following: borrower and guarantor financial condition and collateral evaluation. Knowledge of real estate lending a plus. Experience in working with other primary lending areas of the Bank is a plus. A degree in business administration or courses in real estate law, real estate finance, escrow and accounting are preferred. Knowledge of CMO/REI real estate lending markets a plus. Experience underwriting commercial real estate property types a plus. Knowledge of accounting and bookkeeping; analytical skills; interpersonal and organizational skills; verbal and written communication skills; customer service skills; ability to build rapport and communicate effectively with clients; ability to work well with others including management, other team members, internal bank partners, and challenging customer situations; competent with Microsoft Office products; ability to multi-task and work well under competing deadlines; strong attention to detail. Willingness and ability to travel to conduct site visits and borrower interviews. Technical knowledge of entity structure and related documentation and technical knowledge of loan documentation a plus.
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