VP - Relationship Manager II - C&I

Provident Bank; Toms River (NJ); On-site; USD 123,900 - 170,000; Full time

Benefits offered by this job

PTO

Holiday pay

Health and Wellness benefits

401(k) Retirement Plan

Tuition Disbursement and Loan Repaymen

Disability Insurance

Employee Assistance Program

Job summary

Provident Bank, a long-standing financial institution in the region, seeks a VP - Relationship Manager II to originate and structure complex loan requests, and to manage day-to-day portfolio performance.

The role emphasizes cross-selling, customer relationship growth, and market visibility while ensuring policy compliance and sound credit decisions. Strong analytical and communication skills are essential.

Qualifications

• 5-10 years related experience in financial industry.
• Strong written and verbal communication and management skills.
• Proficient with software programs (Microsoft Word, Excel and Argus).

Responsibilities

• Solicits credit-worthy potential and existing customers to develop new business and grow loan portfolio.
• Prepares loan presentations with detailed financial analysis and borrower capacity.
• Assesses lending risks and makes recommendations on loan structure and mitigants.
• Establishes and promotes customer and community relationships; cross-sells bank products and services.
• Manages loan portfolio to ensure covenant compliance, credit quality and timely delinquency control.
• Facilitates loan closings in compliance with terms and conditions.

Skills

Financial analysis

Credit analysis

Communication skills

Management skills

Loan structuring

Education

Bachelor’s degree in accounting Finance or Business Administration

Tools

Microsoft Word

Excel

Argus

Job description

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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:

The VP - Relationship Manager II is responsible for originating, evaluating, and structuring complex loan requests and transactions. Additional responsibilities include overseeing day-to-day portfolio management and cross-selling of the Bank’s products and services and increasing the Bank’s visibility and presence in the marketplace. This is a more experienced position within the job in the family.

KEY RESPONSIBILITIES:

• Solicits credit-worthy potential and existing customers in an effort to develop new business and increase or retain existing business within the framework of the policy and procedures of the Bank. Promotes profitable growth of the loan portfolio and maximum customer responsiveness
• Overseas the preparation of loan presentation including detailed financial analysis and assessment of borrower's financial capacity and creditworthiness.
• Assesses lending risks, identifies offsetting mitigants and makes recommendations on loan structure displaying sound credit judgment.
• Establishes and promotes customer and community relationships; cross sells other Bankproducts and services; maintains continued awareness of market conditions and competition; continues education in financing products and techniques.
• Manages all aspects of assigned loan portfolio with emphasis on covenant and bank policy compliance, credit quality and delinquency control.
• Facilitates closing of the loan transactions with strict compliance with approved terms and conditions.

MINIMUM QUALIFICATIONS:

• 5-10 years related within financial industry
• Bachelor’s degree in accounting, Finance or Business Administration Comprehensive loan analysis experience.
• Comprehensive loan analysis experience.
• Comprehensive financial analysis experience.
• Comprehensive knowledge of underwriting techniques.
• Proven new business track record.
• Strong oral, written and communication and management skills.
• Proficient with software programs (Microsoft Word, Excel and Argus).

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.

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.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

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.

$123,900 - $170,000 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.

About Provident Bank

For more than 180years, 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.