Portfolio Manager Associate - CRE

Provident Bank•Woodbridge Township, NJ

1d•$61,600 - $88,000•Hybrid

About The Position

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.

Requirements

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)

Responsibilities

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.
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.