Mike Ferdinand, MBA
About Mike Ferdinand, MBA
Mike Ferdinand, MBA, serves as the Vice President of Portfolio Management at Carver Federal Savings Bank in New York, where he has worked since 2022. He has extensive experience in commercial lending and portfolio management, having previously held positions at TD, JPMorgan Chase & Co., and Bankwell.
Work at Carver Federal Savings Bank
Mike Ferdinand serves as Vice President of Portfolio Management at Carver Federal Savings Bank in New York, New York. He has held this position since 2022. In this role, he oversees the annual loan review process, which includes determining and tracking risk ratings and debt service trends. Ferdinand is also responsible for preparing and submitting responses to regulatory examinations and external auditors. His responsibilities extend to implementing corrective actions for borrowers not in compliance with loan covenants, which may involve adjusting interest rates as necessary.
Previous Experience in Commercial Lending
Prior to his current role, Mike Ferdinand worked at TD as a Commercial Lender from 2016 to 2020. His tenure at TD lasted four years and took place in Ramsey, New Jersey. Before that, he spent seven years at JPMorgan Chase & Co. as a Business Banker from 2009 to 2016. Additionally, he served as AVP, Portfolio Manager at Bankwell from 2020 to 2022 in New Canaan, Connecticut. Throughout his career, Ferdinand has managed diverse loan portfolios and engaged with clients to strengthen relationships.
Education and Expertise
Mike Ferdinand earned his Master of Business Administration (MBA) from the Malcom Baldrige School of Business, where he studied Accounting and Finance from 2018 to 2020. His educational background provides him with a strong foundation in financial management and analysis, which supports his current role in portfolio management. This expertise is critical for overseeing complex loan structures and ensuring compliance with financial regulations.
Portfolio Management Responsibilities
In his role as Vice President of Portfolio Management, Mike Ferdinand manages a diverse portfolio that includes commercial real estate loans, multi-family and mixed-use loans, as well as loans to non-profit organizations and houses of worship. He conducts regular site visits to properties within the loan portfolio to ensure compliance and maintain client relationships. Ferdinand plays a key role in preventing attrition within the loan portfolio by actively engaging with clients and stakeholders, thereby fostering strong community ties.
Community Engagement Initiatives
Mike Ferdinand initiates and strengthens relationships with community-based organizations at local, regional, and national levels. His efforts in community engagement are aimed at enhancing the bank's presence and support within the community. By collaborating with various organizations, he contributes to the bank's mission of serving diverse populations and addressing their financial needs.