Portfolio Manager II - C&I

Provident Bank•Morristown, NJ

About The Position

Under general direction, this position’s primary responsibilities include all aspects of portfolio management as relates to assigned portfolio loans together with the cross selling of Bank products and services. Additional responsibilities will include the preparation of comprehensive Loan Offering Analyses that evaluate the prospective financing properties, incorporating complex underwriting to include cash flow analysis, project economics and valuation, guarantor analysis, market analysis and recommendation. The loan analyses include both commercial loan and commercial permanent owner occupied mortgages or commercial construction and commercial permanent mortgages. This position is considered the more experienced job in the job family.

Requirements

Bachelor’s degree in accounting, Finance or Business Administration
5 or more years related within financial industry
Comprehensive financial analysis experience.
Comprehensive loan analysis experience in respective discipline.
Strong verb and written communicative and analytical skills.
Proficient with software programs (Microsoft Word, Excel & Argus), financial analysis programs and discounted cash flow models.
Strong customer services skills.

Responsibilities

Performs portfolio management responsibilities including:
Solicits existing portfolio customers to increase and retain loan volume and cross sell Bank products and services.
Transaction negotiation and preparation of Loan Offering Analysis of existing loans in connection with renewals and modifications and new business transactions; facilitates closing of the transaction.
Performs continued Delinquency Control.
Prepares annual reviews of existing loans to access credit quality and covenant compliance; performs property inspections.
Promotes customer relations.
Prepares Loan Offering Analyses, which include 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.
Complete special projects as directed by the department head.

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.

Stand Out From the Crowd

Upload your resume and get instant feedback on how well it matches this job.

Upload and Match Resume