VP - Relationship Manager II - CRE

Provident Bank; New Jersey; On-site; USD 123,900 - 203,600; Full time

Benefits offered by this job

Health and Wellness benefits

401(k) Retirement Plan

Paid time off

Job summary

Provident Bank in New Jersey is seeking a Commercial Real Estate professional to originate, evaluate, and structure complex loan requests while assisting senior lenders with loan production and portfolio management. The role emphasizes cross-selling other bank products and increasing market visibility.

As the less experienced member of the loan family, you will develop underwriting skills, perform detailed financial analyses, and support loan closings in line with policy and regulatory

Qualifications

• 5–10 years of experience in the financial industry.
• Bachelor’s degree in Accounting, Finance or Business Administration.
• Comprehensive loan analysis experience.
• Comprehensive financial analysis experience and knowledge of underwriting techniques.

Responsibilities

• Solicits credit-worthy potential and existing customers to develop new business.
• Prepares loan presentations with detailed financial analysis and assessment of borrower capacity and creditworthiness.
• Assesses lending risks and makes recommendations on loan structure with sound credit judgment.
• Establishes and promotes customer relationships; cross-sells bank products and services.
• Manages all aspects of the assigned loan portfolio with focus on policy compliance and credit quality.
• Facilitates closing of loan transactions in strict compliance with terms.

Skills

Financial analysis

Credit evaluation

Communication

Relationship building

Education

Bachelor's degree in Accounting, Finance or Business Administration

Tools

Microsoft Word

Excel

Argus

Job description

POSITION OVERVIEW

Under general direction, this CRE position is responsible for origination, evaluation and structuring of complex loan requests and transactions. Additional responsibilities will include portfolio management for team portfolio assisting senior lenders with loan production, cross‑selling other Bank products and services and increasing the bank’s visibility in the marketplace. This position is considered the less experienced job in the job 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
• Oversees the preparation of loan presentation including detailed financial analysis and assessment of borrower's financial capacity and creditworthiness.
• Assess 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 Bank products 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 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.

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 - $203,600 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.