Portfolio Manager Associate - C&I

Provident Bank • Morristown, NJ

1d • $61,600 - $88,000 • Hybrid

About The Position

Under general direction, this position’s role is to gain knowledge, practical experience and skills in handling all aspects of portfolio management as relates to CRE, Middle Market or Business Banking products and services. The primary focus will be supporting the Relationship Managers and Portfolio Managers in their direct portfolio management and any other department related assigned functions. This position is considered the less experienced level in this job family. As such, the incumbent is expected to gain skills & experience leading to a Portfolio Manager position.

Requirements

• Associate’s degree is required.
• 0 to 3 years related within financial industry working in both an analytical and customer service arena.
• Financial analysis experience
• Prior experience in business development and build on strong client relationships.
• Proven customer service delivered in a timely professional manner.
• Proficient with software programs (Microsoft Word, Excel, Powerpoint and Outlook), financial analysis programs and discounted cash flow models.
• Possess honesty and integrity. Demonstrated commitment to the highest ethical standards when dealing with clients and the public.
• Strong verbal and written communication skills.

Nice To Haves

• Bachelor’s degree in Management, Finance or Business Administration preferred.

Responsibilities

• Supports the Relationship Managers and Portfolio Managers by assisting with such duties as:
• Assists with soliciting existing portfolio customers in an effort to increase and retain loan volume and cross sell Bank products and services.
• Performs continued Delinquency Control.
• Assists in preparing annual reviews of existing loans to access credit quality any covenant compliance; performs property inspections.
• Promotes customer relations.
• Will assist with the preparation of Loan Offering Analyses, which include assisting with 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.
• Performs other duties as required.
• Complete special projects as directed by the CRE Portfolio Manager Team Leader.

Benefits

• Team members accrue paid time-off (PTO), receive Holiday (PTO)
• 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: Entry Level
• Education Level: Associate degree