Portfolio Manager III - SBL

Provident Bank • Oak Ridge, NJ

4d • Hybrid

About The Position

The Portfolio Manager III – SBL supports the Bank’s goal of enhancing and increasing the efficiency of the sales force by way of processing & underwriting loan applications as well as managing the day to day deal flow of applications, and providing portfolio management services to Retail (Market Sales Managers and Branches). Using past and current experience, analytical skills, detailed cashflow analysis and systems to underwrite in support of loan decisions from application to closing and portfolio management (life cycle of a loan). Provides guidance and support to other SBL Team members and contributes to process improvements.

Requirements

• 8+ years direct "line" experience in commercial lending, underwriting or portfolio management.
• Strong skillset to translate analytical skills and cash flow analysis into making quality loan decisions while reviewing and teaching PM I & II as necessary.
• Ability to work closely with Retail and other Depts (internal to Bank) along with others external to Bank.
• Excellent organizational, time management and prioritization skills, sufficient to accomplish every aspect and task in the life cycle of a loan.
• Excellent, effective verbal and written communication skills with colleagues, other Depts., and Sr Mgmt.
• Ability to provide guidance/training to others at the same or lower level.
• Strong proficiency using Microsoft Office (Outlook, Excel, Word).
• Familiar with technology to learn credit decisioning software and Bank systems.

Nice To Haves

• Bachelor's degree in accounting, marketing, business administration, finance, etc. preferred but not required based on level of experience.
• Strong level of credit training preferred but not required based on level of experience.

Responsibilities

• Reviews both new and renewal loan applications processed, analyze financial statements and cashflow analysis of PM I & II and completes more complex cashflow analysis of C&I and CRE transactions and other supporting documentation of borrowers and guarantors to effectively structure, price and decision small business loans.
• Coaches PM I & II on quality of their work to process and decision small business loans.
• Completes underwriting and decisioning of larger and more complex transactions.
• Utilizes SBL's decisioning software and other Bank systems to properly process, decision, and document credit requests according to Bank policy and goals.
• Looks for ways to improve SBL’s process, templates and procedures.
• Seeks to maintain appropriate levels of Credit Quality in origination, renewal and portfolio monitoring of small business loans, consistent with overall objectives of the Department.
• Identifies problem loans.
• Provides guidance and assistance to PB I & II on required actions in their Portfolios as necessary.
• Communicates loan decisions and recommendations to Retail (Market Sales Managers and Branch Managers) and other department personnel including Sr/Exec Mgmt when necessary.
• Directs loans through due diligence and documentation processes.
• Handles the more complicated mortgage closings that involve Attorneys, Appraisals, and Environmental.
• Assists with training (AppLink) and mentoring Retail (Market Sales Managers and Branches) with SBL’s process & procedures.
• Provides guidance to Retail on Prospects and how proposed loan could be structured.

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
• an Employee Assistance Program
• 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: Associate degree