What are the responsibilities and job description for the Portfolio Manager III - C&I 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
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 most experienced job in the job family.
Key Responsibilities
Work is performed in a normal office environment. Noise levels are usually moderate. May include travel by automobile.
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.
Position Overview
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 most experienced job in the job family.
Key Responsibilities
- Performs portfolio management responsibilities including:
- Solicits existing portfolio customers in an effort 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 access credit quality and covenant compliance; performs property inspections.
- Promotes customer relations.
- Prepares Loan Offering Analyses, which include the following :
- 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.
- Bachelor’s degree in accounting, Finance or Business Administration
- Minimum 8 years of related experience within financial industry
- Comprehensive financial analysis experience.
- Comprehensive loan analysis experience in respective discipline.
- Strong verb and written communicative and analytical skills.
- Proficient with software programs (Microsoft Word, Excel & Argus), financial analysis programs
- and discounted cash flow models.
- Strong customer services skills.
Work is performed in a normal office environment. Noise levels are usually moderate. May include travel by automobile.
- Prolonged sitting
- Lifting from 5 to 10 lbs. (printer paper, storage boxes)
- Occasional bending or overhead lifting (storing files or boxes)
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.
