Portfolio Manager - Commercial Real Estate

Company Description

For more than 70 years, IDB Bank has made it our mission to be the best bank for our clients by putting their needs first, and the success weve enjoyed fundamentally comes down to our people. Here at IDB, youll work side by side with some of the most talented professionals in the industry who share a strong sense of teamwork and a passion for providing exceptional service down to the smallest detail. We offer a comprehensive benefits package that includes generous paid time off and the ability to participate in our medical coverage and 401(k) plan on your very first day with us. We are also committed to diversity and inclusion, and to providing all of our team members with an equal opportunity to succeed and make meaningful contributions within a work environment that is respectful, welcoming and inclusive.

Job Description

About Us:IDB is a leading financial institution, committed to providing exceptional services to our clients in the real estate sector. Our Commercial Real Estate (CRE) team is responsible for managing a diverse portfolio of commercial properties and assets, ensuring their optimal performance while supporting the bank's strategic growth.

Position Overview:We are seeking a highly motivated and detail-oriented individual to join our Commercial Real Estate NY Portfolio Management team. This position provides an excellent opportunity to gain hands-on experience in commercial real estate, financial analysis, and portfolio management within a dynamic and fast-paced banking environment.

As a Portfolio Manager, you will work closely with credit officer, relationship managers and credit admin, assisting in the evaluation, monitoring, and reporting of real estate investments. You will contribute to the day-to-day operations of the CRE-NY portfolio and gain exposure to a variety of real estate asset classes including office, retail, industrial, and multifamily properties.

Key Responsibilities:

• Help monitor and track the performance of the banks NYC commercial real estate portfolio, including tenant performance, interest and tax payments, lease renewals and financial statement collections.
• Assist in the preparation of annual reviews, portfolio performance reports, including financial metrics, occupancy rates, ordering appraisals and other key performance indicators.
• Support the analysis of property-level financial statements, market trends, and investment opportunities for the quarterly Watch List and Construction calls.
• Participate in the creation of financial models and pro forma projections to assess the value and potential return on real estate investments.
• Collaborate with team members to identify risk factors and recommend strategies for optimizing portfolio performance.
• Provide general administrative support to the team, including organizing meetings, managing documents ie insurance certificates, site inspection memos, and assisting with internal presentations.

#LI-Hybrid

Qualifications

Qualifications:

• A bachelors degree in Real Estate, Finance, Business, Economics, or a related field with at least 3 years of experience.
• Strong analytical and quantitative skills with proficiency in Microsoft Excel.
• Knowledge of commercial real estate markets, investment analysis, and financial modeling.
• Excellent verbal and written communication skills.
• Strong attention to detail, with the ability to multitask and manage time effectively.
• Self-starter with the ability to work independently and in a team environment.

What Youll Gain:

• Practical experience in commercial real estate portfolio management within a bank setting.
• Exposure to financial analysis, market research, asset management and property evaluations.
• Networking opportunities with experienced professionals in the commercial real estate and banking industries.
• Hands-on training and mentorship in a fast-paced, supportive environment.

Compensation:

The expected annual salary for this position is between $100,000 - $150,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individuals skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individuals accommodation needs; potential accommodations that may address the individuals accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employees request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.