Job summary
Job post source
This job is directly from IDB Bank
Job overview
The Portfolio Manager role at IDB Bank involves managing and analyzing a commercial loan portfolio to minimize risk and support client service, impacting the bank's credit quality and client relationships.
Responsibilities and impact
The Portfolio Manager is responsible for financial analysis and underwriting of loans, monitoring portfolio risk indicators, supporting relationship managers, ensuring compliance, completing annual credit reviews, and contributing to team goals.
Compensation and benefits
The position offers an annual salary between $90,000 and $110,000, eligibility for an annual bonus, comprehensive medical, dental, vision, life and disability insurance, retirement plans with employer contributions, paid time off, parental leave, tuition reimbursement, and wellness programs.
Experience and skills
Candidates should have 3-5+ years of commercial loan portfolio management or underwriting experience, strong credit and organizational skills, a bachelor's degree, proficiency in MS Office, and preferably experience with Salesforce, Core Banking systems, or banking applications like Jack Henry/SilverLake.
Work environment and culture
IDB Bank values teamwork, diversity, inclusion, and provides a respectful, welcoming, and inclusive work environment with a hybrid work schedule dependent on role and business needs.
Company information
IDB Bank has over 70 years of history focused on client service excellence, offering comprehensive benefits and emphasizing diversity and inclusion.
Team overview
The Portfolio Manager will work as part of the Middle Office team alongside direct managers, account officers, and group managers in a collaborative environment.
Job location and travel
This role requires on-site presence with a hybrid schedule possible depending on position and business needs, potentially requiring 4-5 days in the office.
Unique job features
The role includes opportunities to work on special projects, requires strong communication skills, and involves acting as a brand ambassador for the bank while managing portfolio risk and client relationships.
Company overview
IDB Bank, officially known as Israel Discount Bank, is a prominent financial institution offering a wide range of banking services, including personal, commercial, and private banking solutions. It generates revenue through interest income, fees from banking services, and investment activities. Established in 1935, IDB Bank has a rich history and is headquartered in New York City, serving as a subsidiary of Discount Bank, one of Israel's leading banks. The bank is known for its strong focus on customer service and its commitment to providing tailored financial solutions to meet the diverse needs of its clients.
How to land this job
Position your resume to highlight your strong credit analysis, underwriting skills, and experience managing commercial loan portfolios, emphasizing your ability to monitor risk and ensure compliance.
Focus on showcasing your organizational skills, teamwork, and familiarity with banking systems like MS Office, Salesforce, or Core Banking, as well as your ability to meet tight deadlines and support client service excellence.
Apply through multiple channels including IDB Bank's corporate careers page, LinkedIn, and other reputable job boards to maximize your application visibility.
Connect with current Portfolio Managers or Middle Office team members at IDB Bank on LinkedIn; use ice breakers such as commenting on their recent posts about portfolio management challenges or asking about their experience working in a hybrid on-site environment.
Optimize your resume for ATS by incorporating keywords from the job description such as 'credit policies,' 'portfolio risk monitoring,' 'commercial loan underwriting,' 'financial analysis,' and relevant software tools to ensure your resume passes initial automated screenings.
Utilize Jennie Johnson's Power Apply feature to automate tailored applications across multiple platforms and identify LinkedIn contacts for networking, allowing you to focus your time on preparing for interviews and strategic follow-ups.
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