VP, Healthcare Lending - Relationship Manager II - Healthcare Lending

Provident Bank; Bernardsville (NJ); On-site; USD 80,000 - 140,000; Full time

Job summary

Join a highly regarded financial institution as a Relationship Manager II, focusing on Healthcare and Not-for-Profit Lending. In this dynamic role, you will develop and manage commercial loan requests, ensuring optimal returns for the bank while fostering strong relationships with clients. Your expertise in the healthcare sector will be crucial as you navigate the credit approval process and contribute to the bank's growth. This position offers a rewarding opportunity to make a significant impact in the community while working in a supportive and collaborative environment. If you are passionate about lending and community engagement, this role is perfect for you.

Qualifications

• 7+ years of experience in lending, particularly in healthcare and not-for-profit sectors.
• Bachelor’s degree in relevant fields or equivalent experience.

Responsibilities

• Develop and manage commercial loan requests from various sources.
• Monitor relationships to ensure timely loan administration and repayment.

Skills

Business Development

Loan Structuring

Communication Skills

Credit Analysis

Healthcare Industry Knowledge

Not-for-Profit Industry Knowledge

Education

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Bachelor’s degree in Business Administration

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Baker Hill software

Job description

VP, Healthcare Lending - Relationship Manager II - Healthcare Lending

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 SUMMARY:

As a Relationship Manager II in Healthcare and Not-for-Profit Lending you will develop commercial loan requests from centers of influence, existing customers and other sources. The ideal candidate is able to source, manage, and contribute to the underwriting of specific credit requests which could include Healthcare and Not-for-Profit organizations. The RM will prepare and present loan offerings to designated levels of authority. Manage the entire credit approval process through closing by directing administrative staff and/or legal counsel. Monitor and maintain relationships to ensure timely loan administration which may include repayment, receipt of required financial updates, detection of potential problems and opportunities for additional business. Refer and/or cross-sell other bank services. Active involvement in community and business organizations is encouraged. Ability to effectively communicate information and respond to questions in person-to-person and small group situations with customers, clients, general public and other employees of the organization.

This position may be based out of offices in Bernardsville, NJ; Philadelphia, PA; or Plymouth Meeting, PA.

KEY RESPONSIBILITIES:

• Develop business opportunities through customer, professional and organizational contacts.
• Refer and/or cross-sell bank products and services.
• Understand, structure and present loan requests to optimize the return to the bank.
• Review loan documentation for correctness, attend loan closings, and follow up on missing or exception items.
• Monitor delinquencies, overdrafts and financial indicators of potential loan repayment problems.
• Organize and prioritize workflow to ensure highest priorities are addressed on a timely basis.
• Attend Bank meetings as required.
• Active involvement in community and business organizations is encouraged.
• Perform any other related duties as required or assigned.

MINIMUM QUALIFICATIONS:

• Bachelor’s degree in accounting, Finance or Business Administration, or equivalent job training/experience.
• Expertise in Healthcare and Not-for-Profit industry verticals.
• Minimum 7 years’ experience commensurate with job function.
• Ability to source loan opportunities in excess of $2,500,000 across the healthcare and not-for-profit spectrum with a primary geographic focus in New Jersey, Pennsylvania, New York, and a secondary geographic focus in Connecticut, Massachusetts, Ohio, Virginia, Maryland, Delaware, and Florida.
• Familiarity with the market territory as described.
• Excellent written and verbal communication skills.
• Ability to effectively communicate and present information and respond to questions in person, small group situations with customers, clients, general public and other employees of the Bank.
• Ability to utilize experience in Healthcare and Not-for-Profit lending to quickly analyze and partner with analysts to underwrite specific credit requests of all types.
• Extensive understanding of credit along with demonstrated ability to structure solid loans.
• Intermediate skills in Contact Management, PowerPoint, Spreadsheet, and Word Processing.
• Ability to demonstrate successful business development through external referral sources, leading to annual minimum loan production of $20 million.
• Knowledge of Baker Hill software a plus.
• Proficient with software programs including Microsoft Word, Excel and PowerPoint.

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.

• Prolonged sitting.
• Lifting from 5 to 10 lbs. (printer paper, storage boxes).
• Occasional bending or overhead lifting (storing files or boxes).
• The hazards are mainly those present in a normal office setting.

TRAVEL REQUIREMENTS:

• Require travel between Customer sites, Provident Offices, or Branches.

HAZARDS

The hazards are mainly those present in a normal office setting and those present in commuting by car. Occasionally may be exposed to those conditions present in public forums and meeting places.

This job description may not be all-inclusive. Employees are expected to perform other duties as assigned and directed by management. Job descriptions and duties may be modified when deemed appropriate by management.

We are an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

• We get to volunteer in areas that are meaningful to the bank and impactful in the community.
• Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.