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 position is entry level and considered the less experienced job in the PM positions. This CRE position’s role is to gain knowledge, experience and skills in handling all aspects of Portfolio Management under the direction and management of PM Team Leader and more Senior Portfolio Managers. The primary focus will be supporting Senior PM’s with their direct portfolio management and other department related assigned functions. This will include the preparation of 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.

MINIMUM QUALIFICATIONS:

• Bachelor’s degree in Accounting, Finance or Economics
• 0 - 1 years related within financial industry
• Ability to work in a Team Environment to ensure goals are met.
• Strong verbal and written communicative skills.
• Proficient with software programs (Microsoft Word and Excel)

KEY RESPONSIBILITIES:

• Performs portfolio management responsibilities including:
• Monitor Covenant Compliance of the CRE Portfolio.
• Prepare initial financial review of borrower financials.
• Prepares annual reviews of existing loans to assess credit quality and
• Covenant compliance; performs property inspections.
• Assist multiple Senior PM’s with the monitoring and management of their portfolio.
• Preparation of detailed excel Group Exposure Chart.
• Will Assist Relationship Managers and Senior PM’s with the following:
• Preparation of Semi-annual construction reviews
• Detailed property descriptions and market analysis.
• Detailed analysis of financial statements.
• Project economics, income and expense analysis, tenant analysis, and property valuations
• Borrower and Guarantor analysis.
• Assess lending risks, clearly identify offsetting mitigates and summarize recommendations.
• Complete special projects as directed by the CRE Portfolio Manager Team Leader.

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.