Associate Portfolio Manager - Insurance Lending

Provident Bank • Bernardsville, NJ

2d • Onsite

About The Position

Provident is a leading financial institution committed to delivering exceptional banking services to our clients. We are seeking a detail-oriented and proactive Portfolio Manager to join our Commercial Lending team, Insurance Lending department. This role is pivotal in ensuring the efficient processing and management of Insurance Lending loan applications and servicing. Additional responsibilities will include portfolio management and cross-selling other Bank products, services and increasing the bank’s visibility in the marketplace.

Requirements

• 3 - 5 years related within financial industry and/or commercial lending
• 3 – 5 years in retail banking
• Strong ability to review and manage detailed loan documentation and ensure accuracy.
• Excellent verbal and written communication skills to effectively interact with clients and internal teams.
• Proven ability to provide high-quality service and build relationships with clients.
• Proficiency in analyzing financial statements, credit reports, and other financial data.
• Strong organizational skills to manage multiple loan applications and maintain accurate records.
• Familiarity with loan processing software, banking systems, and Microsoft Office Suite (Excel, Word, Outlook).
• Ability to identify and resolve issues efficiently and effectively.
• Ability to work collaboratively with others and contribute to a positive team environment.

Nice To Haves

• Associate degree or Bachelor’s degree in Accounting, Finance or Business Administration

Responsibilities

• Review, process and underwrite loan applications, ensuring all necessary documentation is collected and verified.
• Assist in the analysis of creditworthiness by reviewing financial statements, credit reports, and other relevant information.
• Prepare loan offering decisions to Team Leader and Credit Officer.
• Serve as the primary point of contact for clients throughout the loan process, addressing inquiries and providing updates on loan status.
• Assist existing customers with account needs as well as cross sell additional bank products and services.
• Prepare and review loan documents, including loan agreements, promissory notes, and collateral documentation.
• Facilities closings for applicants, work with loan servicing on booking new accounts along with payoff preparation.
• Establishes and promotes customer and community relationships, cross sells other Bank products and services; maintains continued awareness of market conditions and competition.
• Sell program to center of influence and other sources.
• Ensure compliance with all relevant regulations, bank policies, and procedures related to commercial lending.
• Monitor Loan Performance, track payments, and handle modifications or restructuring of existing loans.
• Generate and maintain reports related to loan performance, delinquencies, and portfolio management.
• Work Closely with commercial lenders, underwriters and other bank ensure smooth loan process.
• Address and resolve any issues or discrepancies related to loan accounts.

Benefits

• Team members accrue paid time-off (PTO)
• Receive Holiday (PTO)
• Eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans
• Flexible and Health Savings Accounts
• 401(k) Retirement Plan
• Disability Insurance
• Employee Assistance Program
• Basic Life Insurance
• Company sponsored Tuition Disbursement and Loan Repayment programs
• Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree