Middle Market Underwriting Manager

About the role

Join one of the most highly regarded financial institutions in New Jersey with deep roots in the community. Provident Bank is a successful and highly regarded multi-billion-dollar bank 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

• Ensures timely turnaround of deals assigned to Credit Analysts through proper scheduling of assignments and balancing workload.
• Prepares quarterly report for the team, to be included in the Underwriting Departments report to management.
• Conducts periodic review, in line with company policies, of portfolios, policies and processes.
• Prepare performance reviews for the Middle Market Credit Analysts on the Middle Market Lending Underwriting team.
• Maintains consistent communication across lines of business with lending team leaders.
• Reviews underwriting packages for Middle Market Lending credit analysts to ensure accuracy in loan analysis and risk rating, and adherence to loan policy.
• Manages day-to-day credit activities of the Middle Market Lending department workflow for the Commercial Credit Underwriting Department.
• Interacts with Group/Department Heads on a regular basis.
• Reviews workflow and analysis product for efficiency and effectiveness as needed, performs annual reviews of staff and handles warnings and any other disciplinary actions needed for the Middle Market Lending Credit Analysts.
• Learns, develops, and supervises the Middle Market C&I Credit Analyst team. This includes interviewing, training, assigning and directing work; and addressing and resolving employee concerns.

Requirements

• Bachelor’s degree in accounting, Finance or Business Administration. MBA preferred.
• Five to 10 years in banking or financial services industry with a minimum of 5 years directly in Credit with a focus on Middle Market and Leveraged Lending.
• Prior lending and approval authority a plus.
• Formal Credit Training preferred.
• Prior Management Experience required.
• Strong credit underwriting and risk analysis skills.
• Strong analytical skills with ability to highlight and mitigate risks.
• Comprehensive knowledge of commercial loan deal structures.
• Strong communication skills with the ability to effectively interact with department heads and lending officers and effectively assist in mentoring staff.
• Ability to conduct meetings, effectively present information and respond to questions from peers, auditors and various levels of management.
• Excellent managerial skills as well as the ability to exercise judgment and resourcefulness in resolving employee questions and issues.
• Excellent computer skills, including strong knowledge of and the ability to practically apply modern office software.
• Ability to prioritize multiple projects.