What are the responsibilities and job description for the Portfolio Manager I - CRE position at Provident Bank?
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.
Preparation of Semi-annual construction reviews
MINIMUM QUALIFICATIONS :
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.
