Portfolio Manager II - CRE

Portfolio Manager II - CRE

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 :

This CRE position's responsibilities include all aspects of Portfolio Management as relates to assigned portfolio loans. The primary focus will be assisting multiple Lenders with the monitoring and management of their portfolio, maintaining a small portfolio of their own and assisting with other department related assigned functions. Responsibilities will include the preparation of short term extensions, modifications, borrower contact and comprehensive financial review of both individual 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. This position is considered more experienced in the job family.

Key Responsibilities :

Portfolio Management responsibilities including :

• Monitor maturities and past dues.
• Monitor covenant compliance of the CRE portfolio.
• Monitor the receipt, review and proper documentation of financials, loan approvals, loan documents, etc.
• Prepare annual reviews to assess credit quality and covenant compliance.
• Prepare short term extensions of matured loans.
• Preparation of semi-annual construction reviews.
• Covenant compliance; performs property inspections.
• Preparation of detailed excel Group Exposure Chart.
• Request quotes / order appraisal and environmental reports.

Additional Responsibilities include :

Completes special projects as directed by the CRE Portfolio Manager Team Leader.

Minimum Qualifications :

Working Conditions :

Work is mainly performed in a normal office environment. Noise levels usually are moderate. May also involve travel to customers and property locations.

Pay Details :

$92,300 - $131,800 annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.

This role is incentive eligible based upon company, business, and / or individual goal achievement and performance.

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.