Portfolio Analyst I

Company: Luther Burbank Savings
Location: Gardena
Posted on: May 11, 2022

Job Description:

Job DescriptionAre you passionate about helping clients with their financial welfare? Have you been looking for an opportunity to make a difference? At Luther Burbank Savings, our mission is to improve your financial future – whether you are a customer, employee, or shareholder. You're worth more here. We are looking for a Portfolio Analyst who will be responsible for monitoring and performing various tasks, activities, and analyses associated with the Bank's income property loan portfolio that will aid the bank in evaluating credit risks. What will your day look like? You will:

• Collect financial information in accordance with the loan covenants.
• Review other non-financial related loan covenants and initiates follow-up efforts with borrowers to satisfy loan covenant requirements.
• Review and analyze operating statements, rent rolls, schedule of capital expenses, borrower/guarantor financial statements, tax returns, bank statements, and schedule of real estate owned.
• Calculate debt service coverage ratio, global cash flow, and risk grade scores for income property real estate loans with the use of existing platforms.
• Recommend risk grade changes to management in accordance with Managed Assets Council's risk grading policies and procedures.
• Acquire and process recent inspections, property valuations (if needed), and property profiles to determine the reasonability of the collateral's current LTV, physical condition, and vesting of title.
• Inquire with the respective county or vendor in determining the current status of property taxes and hazard insurance.
• Prepare narratives to describe the results of loan reviews and risk grade recommendations to management.
• Enter various data points into the bank's core servicing system and scan all supporting electronic documents into the bank's network drive or cold storage.
• Manage correspondence, answers phone calls, and follow up with electronic mail and voice messages internally and externally in a timely manner.
• Assist in the preparation of loan review files selected for internal/external audits and regulatory examinations. What you will need for this position: Luther Burbank Savings requires that all new employees be fully vaccinated against COVID-19 as a condition of employment, and proof of vaccination must be provided prior to the start of employment.
  • One to three years of related experience and/or training; or an equivalent combination of education and experience.
  • Basic knowledge and understanding of property operating information, guarantor financial statements, Excel spreadsheets, loan/financial covenants, loan documentation, and real estate transactions.
  • Works well in a fast-paced and time-sensitive environment. Who we are: We are a state-chartered, FDIC-insured bank specializing in originating multifamily and residential real estate loans funded by retail savings deposits. We have an established reputation for high integrity, responsive delivery, and competitive pricing. Since opening our doors in 1983, we have recorded profits consecutively since our second quarter of operations. Consequently, we have grown to a $7 billion institution with branches and loan offices in California, Oregon, and Washington. Here at LBS, we foster an environment that encourages our team members to grow and develop their careers. What we offer:
    • Competitive Salary
    • Comprehensive benefits package includes medical HMO or PPO, dental, and vision
    • Life/AD&D & Long Term Disability Benefits
    • Flexible spending accounts (FSA) Dependent Care
    • Employee Assistance Program (EAP)
    • Matching 401(k)
    • Vacation and Sick benefits
    • Personal Holiday
    • Paid Bank Observed Holidays Luther Burbank Savings is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees. To learn more about the categories of personal information collected and the purpose for which the information will be used, please visit our CCPA Employee Privacy Notice

Keywords: Luther Burbank Savings, Gardena , Portfolio Analyst I, Professions , Gardena, California