What are the responsibilities and job description for the Strategic Planning Director position at The Provident Bank of New Jersey?
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 SUMMARY:
As the Strategic Planning Director at Provident Bank, you will be responsible for overseeing the development and execution of the bank's overall strategic plan, analyzing market trends, identifying growth opportunities, and ensuring the bank's strategy aligns with its goals, all within the context of the regional banking landscape. Essentially, you will guide the bank's long-term direction by identifying potential markets, products, and initiatives to achieve sustainable growth.
KEY RESPONSIBILITIES:
- Market analysis. Conduct in-depth research on the regional market, including competitor analysis, economic trends, demographic shifts, and regulatory changes to identify potential opportunities and threats.
- Strategic plan development. Lead the process of creating a comprehensive strategic plan, defining the bank's vision, mission, and key objectives, and outlining actionable strategies to achieve them.
- Growth strategy development. Identify potential new markets, customer segments, and product offerings to drive revenue growth and expand the bank's market share.
- Financial modeling. Develop financial projections and forecasts to evaluate the feasibility of strategic initiatives and inform decision-making.
- Performance monitoring. Track key performance indicators (KPIs) to assess the effectiveness of the strategic plan and make necessary adjustments based on results. Establish and track business line profitability.
- Cross-functional collaboration. Work closely with various departments within the bank, including marketing, operations, and lending, to ensure alignment with the strategic plan.
- Communication and stakeholder management. Effectively communicate the strategic plan to senior management, board members, and other key stakeholders.
MINIMUM QUALIFICATIONS:
- Education. Bachelor’s degree. Master’s degree preferred.
- Experience required. 10 years as a strategic planning director, or related roles within the banking sector. Demonstrated knowledge and experience in commercial banking financial modeling required.
- Strategic thinking skills. Ability to analyze complex data, identify trends, and develop long-term strategies
- Analytical skills. Strong proficiency in data analysis, financial modeling, and market research
- Leadership skills. Ability to lead cross-functional teams and influence decision-making across the organization
- Communication skills. Excellent written and verbal communication skills. Ability to effectively present complex information to diverse audiences
- Industry knowledge. Deep understanding of the regional banking landscape, regulations, and competitive dynamics
WORKING CONDITIONS:
Work is 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)
- The hazards are mainly those present in a normal office setting
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.
