Associate Portfolio Manager - Mortgage Warehouse Lending

Provident Bank • Hillsborough, NJ

2d

About The Position

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:
The Associate Portfolio Manager – Mortgage Warehouse Lending supports the day‑to-day administration and ongoing management of mortgage warehouse lending relationships. This role serves as a hybrid position combining operational oversight and portfolio support responsibilities, including loan administration, collateral monitoring, client servicing, and credit/portfolio reporting.
The Associate Portfolio Manager works closely with Portfolio Manager, and Mortgage Warehouse Operations Manager to ensure warehouse facilities are administered in accordance with approved credit terms, internal policies, and regulatory requirements, while maintaining strong client relationships and mitigating risk to the Bank.

Requirements

• High school diploma or GED required.
• Five years’ experience in Mortgage Warehouse Lending operations, related Mortgage Industry experience or commercial loan operations.
• Ability to muti-task with attention to detail.
• Effective communication and relationship‑building skills.
• Problem‑solving and analytical thinking
• Collaboration across functional teams
• Prominent level of integrity and professionalism
• Good understanding of financial institution products and services.
• Good understanding of computer spread sheet and word processing software.
• Must be computer adept with the ability to master WLS collateral system.

Responsibilities

• Support the administration of mortgage warehouse lending facilities, including onboarding of new clients, facility setup, and ongoing maintenance.
• Review and process daily funding requests, paydowns, collateral shipping/deliver7, and servicing activities in accordance with approved agreements.
• Monitor collateral eligibility, advance rates, and concentration limits.
• Perform reconciliations related to loan balances, deposit accounts, and collateral reporting.
• Identify exceptions, discrepancies, or potential risks and escalate appropriately.
• Assist Portfolio Managers with ongoing relationship management for assigned warehouse lending clients.
• Prepare portfolio monitoring reports, trend analysis, and exposure summaries for management and credit review.
• Support periodic client reviews, renewals, and amendments by gathering documentation, financials, and covenant compliance certificates.
• Participate in client calls and meetings as needed to support service delivery and issue resolution.
• Work closely with Credit, Loan Operations, Treasury, and Technology teams to support efficient workflow and system accuracy.
• Assist in review and implantation of new warehouse loan software system anticipated to be implemented in 2026.
• Be lead trainer for both internal and external clients with new system.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan.
• In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance.
• Company sponsored Tuition Disbursement and Loan Repayment programs are also available.
• 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: High school or GED