How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community?  Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York.  Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do.  At Provident Bank, we are committed to enhancing our customer and employees’ experience. 

 

POSITION OVERVIEW:

This CRE position’s role is to further their knowledge, experience and skills in handling all aspects of Portfolio Management and work more independently. The primary focus will be managing a small portfolio of their own as well as supporting multiple lenders with the management of their portfolios and other department related assigned functions. This will include the preparation of short term extensions, modifications, borrower contact and comprehensive financial review of both individuals and project economics and valuation, guarantor analysis, market analysis and risk rating recommendation.  The loan analyses include both CRE construction loans and CRE permanent mortgages.  This position is considered the less experienced job in the job family.

 

KEY RESPONSIBILITIES:

Performs portfolio management responsibilities including: Monitor Covenant Compliance of the CRE Portfolio. Prepare initial financial review of borrower financials. Prepares annual reviews of existing loans to assess credit quality Covenant compliance; performs property inspections. Preparation of detailed excel Group Exposure Chart. Request quotes/order appraisal and environmental reports. Prepare Short term extensions. Submit applications to underwriting for processing/approval. Prepare loan modification/covenant waiver memos. Directly responsible for working with RMs on loans assigned as PM. Work with customers to obtain financial and other documents required to maintain loans. Will Assist Multiple Lenders with the following: Preparation of Semi-annual construction reviews Detailed property descriptions and market analysis. Detailed analysis of financial statements. Project economics, income and expense analysis, tenant analysis, and property      valuations Borrower and Guarantor analysis. Assess lending risks, clearly identify offsetting mitigates and summarize recommendations. Prepare short term extensions. Prepare loan modification/covenant waiver memos. Complete special projects as directed by the CRE Portfolio Team Leader

 

MINIMUM QUALIFICATIONS:

Bachelor’s degrees in Finance, Accounting or Economics. 3 - 5 years related work experience in all facets of commercial real estate within financial industry, with a strong concentration in Banking. Comprehensive financial analysis experience. Comprehensive Commercial Real Estate loan analysis experience. Strong verbal and written communicative and analytical skills. Ability to manage a small commercial real estate portfolio if required. Ability to assist multiple Lenders with the management of their portfolio. Proficient with software programs (Microsoft Word and Excel), financial analysis programs Strong customer services skills.

 

WORKING CONDITIONS

Work is performed in a normal office environment.  Noise levels are usually moderate.  May include travel by automobile.

 

HAZARDS

The hazards are mainly those present in a normal office setting and those present in commuting locally by car. Occasionally may be exposed to those conditions present in public forums and meeting places.

 

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

 

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.    

                                                                                                  

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.