Portfolio Quality Specialist
Menlo Park, CA
At First Republic, we care about our people. Founded in 1985, we offer extraordinary client service in private banking, private business banking and private wealth management. We believe that personal connections are everything and our success is driven by the relationships we form with our colleagues and clients. You’ll always feel empowered and valued here.
Incredible teams doing exceptional work, every day
In Business Banking, we provide comprehensive depository, cash management, and lending services to businesses throughout our communities. While our clients are diverse, we are focused on meeting the needs of professional service firms (doctors, lawyers, accountants, investment managers and consultants of all kinds) as well as those in the following industries: Private Equity, Venture Capital, Technology, Wineries, Aviation and Marine, and Non Profit Organizations. As a Business Banking team member at First Republic, you will work directly with clients to identify their banking needs and financial goals in order to deliver tailored solutions for their businesses as well as their personal banking and wealth management needs.
The Portfolio Quality Specialist will assist the Business Banking Group, Credit Analysts, and Business Bankers in the preparation of loans for approval and documentation as well as manage the post-close and ongoing collection of financial reporting requirements and monitoring of borrowers for covenant compliance. This is not an underwriting position, although it may include spreading financial statements and could eventually grow into that role at a later time. The ideal candidate will have at least one year of banking experience and maintain a basic understanding of commercial financial information and legal loan documentation. Due to the complexity of the transactions, attention to detail and the ability to work under tight deadlines is important.
What you'll do as a Portfolio Quality Specialist:
Monitor existing credit facilities for financial and reporting covenant compliance. Review the covenant log to ensure updated financial information and covenant compliance. Upon instruction from Business Banker, notify Borrower and Guarantor when reporting is late.
Create, maintain, and monitor all loan and credit files.
Documentation and Closing:
Work with Commercial Closing and external counsel on documentation issues and review documents prior to distribution to client.
Develop document signing guide and distribute documents to borrower.
Review returned documents prior to Commercial Closing submission and ensure that files are accurate and complete for closing and funding.
Coordinate payoffs and lien terminations of other lenders, as applicable.
Interact with Loan Servicing and the Wire Room to ensure timely loan funding.
Work with external counsel to obtain post-closing items as applicable.
Prepare documentation binders post-closing for clients.
Work with the appraisers, environmental professionals and title companies to assist in the commercial real estate due diligence process.
Assist with loan advances and payments, collecting loan and legal fees, credit ratings, etc.
Complete audit verifications requested by clients and their CPA’s.
Process all loan advances and payments through coordinating with Client Services & Loan Servicing, calculating borrowing base ratios, communicating as necessary with the Business Banker & Credit Analyst and confirming verification of completion with our clients.
Complete KYC as needed for new and/or existing deals
Upload files/documents to our electronic document housing system
Evaluate entity documents, environmental reports, flood insurance
Assist Credit Analysts with tickler as needed
Assist the Credit Analysts & Business Bankers on ad hoc projects and by working with client to obtain reporting requirements, which should be forwarded to the Loan Monitoring Group and uploaded to our electronic documentation housing program.
Assist Business Banking’s Management with various projects related to system enhancements, training, etc.
Ad hoc analysis includes working with clients and loan servicing to correct loan anomalies (late payments, draw downs, etc.) and preparing the restructure to financings currently booked (rate resets, LLC changes, etc.)
Other administrative work includes preparation of marketing information and internal reporting.
Performs other duties and projects specific to department functions and activities or as assigned by supervisor.
Local manager may require additional duties unique to a team’s geography, industry focus and other responsibilities which best utilize a candidate’s skill sets.
Be or become proficient in Microsoft Office (Word, Excel, and Adobe), spreading software, loan processing systems, data analysis systems, etc.
What skills you will use:
Excellent attention to detail
Outstanding communication skills
Provides extraordinary service.
Furthers the First Republic Bank culture and values.
Strong working knowledge of MS Word / MS Outlook / MS Visio / MS PowerPoint/ MS Excel.
Required: Bachelor’s Degree; banking and lending work experience of at least 2-3 years.
Own your work and your career — apply now
Are you willing to go the extra mile because you love what you do and how you can contribute as a team? Do you want the freedom to grow and the opportunity to take charge of your own career? If so, then come join us.
We want hard working team players. You’ll have the independence to learn, lead and drive change. A culture of extraordinary service, empowerment and stability — that’s the First Republic way.