The CBS Difference

At Cooperative Business Services (CBS), we deliver premier commercial lending services and cutting-edge software solutions to financial institutions across the nation. Our expertise spans all property types, ensuring that we meet the diverse needs of our clients.

Our vision is to revolutionize financial partnerships, where institutions thrive and people flourish. This vision drives us to continually innovate and push the boundaries of what’s possible in the financial sector.

Our mission is clear: to empower financial institutions with innovative thinking and market-leading business solutions. We are committed to providing the tools and insights needed to navigate the complexities of the market, enabling our clients to achieve sustainable growth and success.

Currently, CBS is in an exciting growth period as we position ourselves for 2025 and beyond. Join us on this journey as we continue to transform the future of financial institutions.

Your Role in Our Success

The Portfolio Manager is responsible for managing and monitoring a portfolio of commercial loans while ensuring compliance with CBS LLC underwriting guidelines. This role requires a strong understanding of credit analysis, risk assessment, and financial document review. The Portfolio Manager will serve as a key point of contact for credit unions, borrowers, and professional partners, ensuring the timely collection of financial information, completion of annual reviews, and ongoing risk management.

• Collect and evaluate financial information from credit unions, borrowers, and referral sources for periodic reviews, renewals, modifications, and risk rating assessments.
• Ensure timely completion of annual reviews, line of credit renewals, and modifications (rate, term, amortization).
• Monitor loan maturities, ensuring loans do not go past maturity dates.
• Track compliance with property tax and insurance requirements for assigned loans.
• Send financial letters requesting updated financials at least four times a year; which includes following up with borrowers regularly to ensure timely submission of financials
• Oversee the performance of assigned commercial loan portfolios, ensuring compliance with state, federal regulations, and bank policies
• Maintain proactive communication with internal teams, including leadership, regarding portfolio status and pending reviews 
• Maintain a thorough understanding of CBS LLC underwriting guidelines and procedures.

What You Bring to the Table

• You have three to five years of related experience in commercial real estate, financial institutions, or Credit Union Service Organizations (CUSOs).
• You have strong proficiency in financial statement analysis, tax return review, and loan underwriting.
• You work well independently and remotely with minimal supervision.
• You have strong attention to detail with accurate information processing and high-quality standards.
• You have excellent verbal and written communication skills for clear and effective collaboration.
• You have strong time management skills to prioritize tasks and meet deadlines.
• You have an analytical mindset to evaluate data, identify patterns, and develop insights.
• You have a team-oriented mindset with the ability to collaborate and coordinate across departments
• You have excellent organizational and time management skills, with the ability to handle multiple transactions simultaneously
• You are Proficient in Microsoft 365 products and credit spreading software.

The Perks of Being with Us

At Cooperative Business Services, we believe in creating an environment where you can thrive both personally and professionally. Here’s what you can look forward to as a valued member of our team:

• Compensation: Base compensation for this role ranges from $60,000-$90,000
• Remote Work Environment 
• Generous Holidays: Take advantage of 13 paid holidays each year 
• Comprehensive Insurance Coverage: Choose from a selection of medical, dental, vision, and supplemental benefit plans to suit your needs. Additionally, the company provides company-paid Short-Term Disability (STD), Long-Term Disability (LTD), and life insurance equivalent to 1 time your salary. 
• 401(k) Plan: The company provides a generous matching contribution of up to 6%.
• Tuition Assistance