(Hybrid) Director, Commercial Real Estate Portfolio Analysis - PenFed Credit Union

Are you looking to take your career from good to great? As an employee of PenFed, every day is an opportunity to thrive, and be part of a team working to ensure our organization is providing world class service to our members, employees, and our communities. We exist to help our members realize their full potential, educate and encourage their dreams, and make every effort to follow our mission and help our members “do better.” Joining PenFed is more than being an employee; it’s about being a part of the PenFed family.

PenFed is hiring a (Hybrid) Director, Commercial Real Estate Portfolio Analysis at our Tysons, Virginia location.  The primary purpose of this role is to provide leadership to the development, growth, and administration to the Portfolio Analysis function of the $2B Commercial Real Estate (CRE) program at PenFed,  which includes a portfolio of organic and syndicated loans. The incumbent will lead analysis in support of the Portfolio Management team, partnering with internal stakeholders including but not limited to Credit, Treasury, Legal, and external stakeholders (partnering financial institutions).

Responsibilities:

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. This is not intended to be an all-inclusive list of job duties and the position will perform other duties as assigned. 

• Oversee deal-level and portfolio-level financial modeling and model governance for PenFed’s Commercial Real Estate portfolio.
• Perform annual and quarterly reviews at the deal-level for loans in portfolio. Including managing a team of analysts and working with Portfolio Management to accurately assess the risk of the portfolio.
• Manage team that supports Portfolio Managers in asset management functions, including scenario analysis workouts, modifications, and routine monitoring.
• Lead the implementation of ARGUS at PenFed, including initial model buildout for each deal in the portfolio and developing model guidance/practices.
• Supervise development of reporting for Board, Management, and Regulatory reporting for CRE portfolio.
• Develop and oversee analytical processes to support the evaluation and detailed credit analysis to assess the financial strength, collateral value, and repayment capacity of borrowers.
• Stay updated on market trends, regulatory changes, and industry best practices to include but not limited to Loan Loss Reserves, CECL Methodology and Risk Management Three Lines of Defense to ensure compliance and drive innovation in commercial real estate lending and portfolio management.
• Prepare and present reports and updates on portfolio performance, risk assessment, and compliance to relevant stakeholders.
• Develop modeling to assess impact of CRE portfolio projects on the Enterprise Balance Sheet and Income Statement and communicate those impacts to partners across the organization.
• Ensure compliance with Board policies and Regulatory requirements.

Equivalent combination of education and experience is considered.

• Bachelor's degree in finance, economics or related field required. Master's degree preferred.
• Minimum of twelve (12) years of relevant financial experience.
• 4 Years direct management supervisor experience
• Experience with ARGUS and Advanced Excel modeling strongly preferred.
• Thorough knowledge in review, analysis, and underwriting all product types related to commercial real estate loans and personal/corporate financial statements pertaining to Sponsors/Guarantors.
• Strong knowledge of loan structuring with ability to balance credit union objectives and borrower expectations.
• Excellent verbal and written communication skills.

Supervisory Responsibility

This position will directly supervise employees.

Work Environment

While performing the duties of this job, the employee is regularly exposed to an indoor office setting with moderate noise.

*Most roles require working in an office setting with moderate noise and the ability to lift 25 pounds.*

Travel

Ability to travel to various worksites and be on-call may be required.

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 2.8 million members and over $36 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.
 
We provide our employees with a lucrative benefits package including robust medical, dental and vision plan options, plenty of paid time off, 401k with employer match, on-site fitness facilities at our larger locations, and more.
 
Equal Employment Opportunity
PenFed management will maintain and observe personnel policies which will not discriminate or permit harassment or retaliation against a person because of race, color, creed, age, sex, gender, gender identity, gender expression, religion, national origin, ancestry, marital status, military or veteran status or obligation, the presence of a physical and/or mental disability or medical condition, genetic information, sexual orientation, and all statuses protected by applicable state or local law in all recruiting, hiring, training, compensation, overtime, position classifications, work assignments, facilities, promotions, transfers, employee treatment, and in all other terms and conditions of employment. PenFed will also prohibit retaliation against individuals for raising a complaint of discrimination or harassment or participating in an investigation of same.
 
PenFed will also reasonably accommodate qualified individuals with a disability so that they can apply for a job or perform the essential functions of a job unless doing so causes a direct threat to these individuals or others in the workplace and the threat cannot be eliminated by reasonable accommodation or if the accommodation creates an undue hardship to PenFed. Contact human resources (HR) with any questions or requests for accommodation at 402-639-8568.