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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 we’ve enjoyed fundamentally comes down to our people. Here at IDB, you’ll 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 bank’s 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 memo’s, and assisting with internal presentations.

#LI-Hybrid

Qualifications

Qualifications:

  • A bachelor’s 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 You’ll 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 individual’s 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 individual’s accommodation needs; potential accommodations that may address the individual’s 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 employee’s 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.

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$100000K
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What You Should Know About Portfolio Manager - Commercial Real Estate , IDB

Join IDB Bank as a Portfolio Manager in Commercial Real Estate and take the next step in your career at our New York, NY location. At IDB Bank, we focus on putting our clients first and have been doing so for over 70 years, and now we need someone like you to be a part of that mission. In this role, you’ll dive into the exciting world of commercial real estate, managing a diverse portfolio that includes office, retail, industrial, and multifamily properties. Your keen analytical skills will shine as you monitor portfolio performance, tracking tenant activities, financial metrics, and lease renewals. You’ll collaborate with a talented team of credit officers and relationship managers, contributing to annual reviews and portfolio reports that showcase your expertise. If you love financial analysis and want to create impactful financial models while navigating market trends, this is the perfect playground for you! Not only will you gain hands-on experience and mentorship in a supportive environment, but you’ll also be part of a committed team that believes in diversity and providing equal opportunities for success. Plus, enjoy a comprehensive benefits package that kicks in on your very first day, including medical coverage, generous paid time off, and a 401(k) plan to help you secure your future. Ready to make a meaningful contribution to our dynamic environment? Join IDB Bank, and let’s achieve remarkable things together!

Frequently Asked Questions (FAQs) for Portfolio Manager - Commercial Real Estate Role at IDB
What are the key responsibilities of a Portfolio Manager at IDB Bank?

As a Portfolio Manager at IDB Bank, your main responsibilities include monitoring the performance of our NYC commercial real estate portfolio, assisting in financial analyses, and preparing annual reviews. You'll track tenant performance, manage lease renewals, and handle financial statement collections. Your role involves actively participating in creating financial models and collaborating with the team to identify investment opportunities and mitigate risks.

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What qualifications are needed to be a Portfolio Manager at IDB Bank?

To qualify for the Portfolio Manager position at IDB Bank, candidates should hold a bachelor’s degree in Real Estate, Finance, Business, Economics, or a related field, along with at least three years of relevant experience. Candidates should possess strong analytical and quantitative skills, as well as proficiency in Microsoft Excel. Excellent communication skills and a keen attention to detail are also essential.

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How does a Portfolio Manager contribute to IDB Bank’s growth?

A Portfolio Manager at IDB Bank plays a critical role in the bank's growth by ensuring optimal performance of our commercial real estate assets. By monitoring market trends and identifying new investment opportunities, you will help optimize portfolio returns. Your insights and analyses directly influence strategic decisions that contribute to the overall success and expansion of the bank's real estate services.

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What does a typical day look like for a Portfolio Manager at IDB Bank?

A typical day for a Portfolio Manager at IDB Bank involves analyzing property-level financial statements, processing lease renewals, and attending meetings to discuss the performance of the portfolio. You will spend time creating financial projections, preparing performance reports, and collaborating with various team members to identify risks and strategies to enhance portfolio performance.

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What benefits can a Portfolio Manager expect at IDB Bank?

As a Portfolio Manager at IDB Bank, you can expect a generous benefits package that includes medical coverage from Day 1, paid time off, and a 401(k) plan with employer contributions. Additional perks include eligibility for annual bonuses, tuition reimbursement, and access to wellness programs, ensuring a supportive work-life balance while you grow in your career.

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Common Interview Questions for Portfolio Manager - Commercial Real Estate
Can you explain your experience with financial modeling in real estate?

Discuss specific projects where you developed financial models that evaluated property investments. Highlight your proficiency in Excel and your understanding of how different variables influence investment returns. Share examples of how your models have guided decision-making in past roles.

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How do you prioritize and manage your tasks as a Portfolio Manager?

Outline how you utilize tools like to-do lists or project management software to prioritize tasks based on deadlines and impact. Emphasize your ability to multi-task and how you allocate time for client interactions, analysis, and team collaboration.

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What strategies do you use to assess the performance of a commercial real estate portfolio?

Explain various metrics you monitor such as occupancy rates, return on investment, and tenant performance. Share your approach to using historical data combined with market trends to foresee challenges and opportunities for the portfolio.

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How do you handle risk management in portfolio management?

Discuss your processes for identifying potential risks, including market shifts and tenant issues. Highlight your proactive measures, such as conducting regular portfolio reviews and stress-testing financial projections, to mitigate those risks effectively.

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Describe a challenging situation you faced while managing a real estate portfolio and how you resolved it.

Share a specific experience, detailing the challenge, the steps you took to address it, and the eventual outcome. Emphasize your problem-solving skills and how you remained calm and strategic under pressure.

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What software tools do you find most useful in your role as a Portfolio Manager?

Discuss the software you use for financial analysis, reporting, and portfolio management. Whether it's Excel, Argus, or industry-specific tools, explain how these tools enhance your efficiency and accuracy in managing real estate assets.

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How do you communicate complex financial information to non-financial stakeholders?

Emphasize the importance of simplifying complex data into clear visual presentations like charts or graphs. Discuss your approach to using relatable language, avoiding jargon, and ensuring that all stakeholders understand the implications of the financial data.

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What do you believe is the most critical skill for a Portfolio Manager at IDB Bank?

Discuss the importance of strong analytical and communication skills. Highlight that the ability to assess market trends, coupled with effective communication, is essential for making informed strategic decisions and ensuring client satisfaction.

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How do you stay updated with industry trends and changes in the real estate market?

Talk about your approach to continuous learning through industry publications, professional associations, and networking events. Share how you utilize this knowledge to influence your strategies and recommendations for the portfolio.

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Why do you want to work as a Portfolio Manager at IDB Bank?

Express your admiration for IDB Bank’s commitment to client service and expertise in commercial real estate. Convey your excitement about the potential for professional growth and the chance to work within a collaborative team environment to achieve remarkable outcomes.

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Full-time, hybrid
DATE POSTED
April 22, 2025

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