Portfolio Manager
Commercial Real Estate

Provide courses necessary to equip a professional - who completes all Learning Path courses and tests - with the credit skills necessary to independently underwrite commercial real estate loan requests as well as provide supervision and guidance for less experience analysts in doing so.

A professional in pursuit of a Portfolio Manager position may not have mastered all the credit skills required of a Credit Analyst / Commercial Real Estate, depending on experience and background. Consequently, the Learning Path accounts for this possibility as well as provides courses that allow a professional to reinforce and expand his or her knowledge and use of the UCA cash flow statement in the underwriting process.

Coursework Path
Step 1: Credit College Series on Cash Flow Statements and Cash Flow Proxies
Step 2. Cash Flow Webinars
Step 3: Quick Hits on Federal Tax Returns Issues
Step 4: Selected Specialty Lending Webinars
Discussion

The Credit College on Cash Flow Statements and Cash Flow Proxies explores in detail the use and limitations of cash flow statements – the UCA cash flow statement and the FASB 95 statement of cash flows – and cash flow proxies – traditional “cash flow” and EBITDA – in assessing the past and projected financial position and risk profile of a borrower. The focus and objective of such an assessment is very different from the focus and assessment of the likely cash flow from an income producing property, which may be one of many assets in a borrower’s (and obligor’s) portfolio. The Credit College builds on, complements, and significantly extends the cash flow techniques explored in the Learning Path coursework for a Credit Analyst.

The two Cash Flow Webinars address global cash flow in detail as well as explore the use of covenants in controlling a range of cash outflows from a company to owners and family members that may materially impact a borrower’s ability to service its interest-bearing debt.

The eight Quick Hits on federal tax returns provide a status check on a professional’s knowledge of the use of federal income tax returns in properly computing and assessing borrower performance ratios, cash flow proxies, and cash flow statements.

  • A Quick Hit falls into the micro learning category. To complete this 30 minute exercise, a participant accesses a Quick Hit via login and password information, reviews the brief two or three page document, and completes a five question online review quiz, which is immediately scored and returned.

A cumulative review quiz score of 80% or higher for the eight Quick Hits indicates sufficient mastery of the material to forego the eight session live or recorded Credit College on Using Federal Tax Returns for Ratio and Cash Flow Analysis. This Credit College is a required course in the Learning Path for a Credit Analyst. Therefore, if a professional fails to achieve the 80% mastery level, he or should seriously consider taking, or re-taking, the course.

The specialty lending Webinars introduce and explore the analysis of contractors – a key party in any assessment of construction financing proposals. In addition, these specialty lending Webinars address the analysis of hospitals, medical practices, not for profit organizations, and municipalities for those Loan Review Officers who need to expand their analytical skills in these business sectors. However, to gain full benefit from the specialty lending Webinars, professionals on this Learning Path must first master the UCA cash flow statement in assessing borrower risk.

Testing / Certification

Every Webinar includes an online, multiple choice review quiz. Every session in a Credit College Series includes an online, multiple choice review quiz. Every Credit College Series includes an online, multiple choice progress check or final exam.

The online tests are optional. However, we strongly encourage participants to take advantage of these critical mechanisms for reinforcing the key points addressed and explained in every Webinar, Credit College Session, and Credit College Series.