Portfolio Manager II - C&I

About the role

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. Under general direction, this position’s primary responsibilities include all aspects of portfolio management as relates to assigned portfolio loans together with the cross selling of Bank products and services. Additional responsibilities will include the preparation of comprehensive Loan Offering Analyses that evaluate the prospective financing properties, incorporating complex underwriting to include cash flow analysis, project economics and valuation, guarantor analysis, market analysis and recommendation. The loan analyses include both commercial loan and commercial permanent owner occupied mortgages or commercial construction and commercial permanent mortgages. This position is considered the more experienced job in the job family.

Responsibilities

• Solicits existing portfolio customers to increase and retain loan volume and cross sell Bank products and services.
• Transaction negotiation and preparation of Loan Offering Analysis of existing loans in connection with renewals and modifications and new business transactions; facilitates closing of the transaction.
• Performs continued delinquency control.
• Prepares annual reviews of existing loans to assess credit quality and covenant compliance; performs property inspections.
• Promotes customer relations.
• Prepares Loan Offering Analyses, which include:
  • Detailed property descriptions and market analysis.
  • Detailed analysis of financial statements.
  • Project economics, income and expense analysis, tenancy analysis, and property valuations and discounted cash flow models.
  • Construction budget analysis with determination of sources and uses of funds.
  • Borrower and guarantor analysis.
  • Assess lending risks, clearly identify offsetting mitigates and summarize recommendations.
• Complete special projects as directed by the department head.

Requirements

Minimum qualifications:

• Bachelor’s degree in accounting, Finance or Business Administration
• 5 or more years of related experience within the financial industry
• Comprehensive financial analysis experience
• Comprehensive loan analysis experience in the respective discipline
• Strong verbal and written communication and analytical skills
• Proficient with software programs (Microsoft Word, Excel & Argus), financial analysis programs and discounted cash flow models
• Strong customer service skills

Working conditions:

• Work is mainly performed in a normal office environment.
• Noise levels are usually moderate.
• Prolonged sitting.
• Lifting from 5 to 10 lbs. (printer paper, storage boxes).
• Occasional bending or overhead lifting (storing files or boxes).
• Hazards are mainly those present in a normal office setting.

Benefits

• Paid time‑off (PTO) accrual and holiday PTO.
• Eligibility to participate in the bank’s 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, and Basic Life Insurance.
• Company‑sponsored Tuition Disbursement and Loan Repayment programs.
• Voluntary benefits: Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity, and Legal plans.

Pay

$99,400 - $142,000 annually. The base pay actually offered 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