Credit Analyst IV - C&I

About the role

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.

Responsibilities

• Prepare loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans.
• Accompany Commercial Loan Officers on customer and prospect calls. Participate in discussions with management regarding creditworthiness of proposed loan requests.
• Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc.
• Prepares reports and handles special assignments.
• Assists in 3rd party vendor management responsibilities.
• Subject to business needs may have supervisory and mentorship responsibilities for junior Credit Analysts.

Requirements

• Bachelor’s degree in finance, Accounting or Economics.
• Formal credit training or higher banking education (i.e. Graduate School of Banking, Stonier, etc).
• 7 or more years in Commercial Banking.
• Thorough knowledge of underwriting, credit analysis, commercial loan structure, and regulatory guidance.
• Strong analytical skills with ability to identify strengths and mitigate risks.
• Strong knowledge of commercial real estate lending, inclusive of investment, owner-occupied and some construction.
• Proficient in Commercial & Industrial lending including debt service coverage, cash flow, A/R and A/P, WIP, Borrowing Base Certificates, and construction budgets.
• Strong computer skills, inclusive of experience with loan origination software and MS Office applications (specifically MS Word and Excel).
• Strong verbal and written communication.
• Able to prioritize multiple projects and complete them on time.
• Able to conduct meetings, meet with customers, effectively present information and respond to questions from peers, auditors and various levels of management.
• Strong comprehension of accounting practices, inclusive of balance sheets, income statements, equity reconciliation, and cash flows.
• Credit underwriting confidence for the ability to mentor and train Credit Analyst III.
• Under some supervision, ability to correspond, manage, and in certain cases negotiate with 3rd party vendors.

Qualifications

• MBACertification in Credit Risk or Credit Management preferred.

Skills

Strong analytical skills, thorough knowledge of underwriting, credit analysis, commercial loan structure, and regulatory guidance, strong knowledge of commercial real estate lending, proficient in Commercial & Industrial lending, strong computer skills, strong verbal and written communication, ability to prioritize multiple projects and complete them on time, ability to conduct meetings, meet with customers, effectively present information and respond to questions from peers, auditors and various levels of management, strong comprehension of accounting practices, strong credit underwriting confidence for mentoring and training Credit Analyst III, ability to correspond, manage, and in certain cases negotiate with 3rd party vendors.

Benefits

Provident Bank offers a comprehensive benefits package including:

• Paid time-off (PTO)
• Holiday (PTO)
• Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
• Disability Insurance
• Employee Assistance Program
• Basic Life Insurance
• Voluntary benefits including Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

Pay

$107,800 - $154,000 annually. Pay details may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs. This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.