CRE Credit Analyst III

POSITION SUMMARY

This position is responsible for detailed research and credit analysis of complex credit requests for the Commercial Real Estate Department. This is a more senior position. The incumbent is expected to have comprehensive knowledge of all facets of commercial real estate, inclusive but not limited to credit & risk analysis, credit rules, regulations, cash flow analysis, project economics and valuation, guarantor analysis, market analysis and the ability to exercise independent judgment within established Underwriting Guidelines and Credit Policy. At this level, the incumbent is expected to increasingly work with and assist the Commercial Loan Officers on customer calls and structuring deals. The incumbent will assist in training less experiences staff members and handle more complex and/or challenging assignments (e.g. larger deals or complicated requests with larger relationship exposure under Market and Lending Leadership Approval Authority - Level 6 & 7 or below).

MAJOR JOB RESPONSIBILITIES

• Prepare loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans

• Prepare and analyze cash flows and project economics, detailed property descriptions and market analysis, tenancy analysis, property valuations, construction budget analysis with sources and uses, guarantor/sponsor personal financial statements and cash flows, and schedule of real estate holding analysis.

• Accompany Commercial Loan Officers on customer and prospect calls. Participate in discussions with management regarding creditworthiness of proposed loan requests.

• Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc.

• Prepares reports and handles special assignments as warranted

SUPERVISORY RESPONSIBILITIES

• Act as mentor for junior Credit Analysts.

SKILLS AND TRAINING

• Thorough knowledge of underwriting, credit analysis and commercial loan structure.

• Strong analytical skills with ability to identify strengths and mitigate risks.

• Strong knowledge of commercial real estate lending, specifically construction and permanent mortgages with property types that will include office, industrial, hotels/accommodation, retail, multifamily rental and for-sale, residential tract, customer single family and special use.

• Proficient in CRE lending including debt service coverage, cash flow, construction budget, sources and uses, and identification of strengths/weaknesses and mitigants.

• Strong computer skills, inclusive of experience with loan origination software and MS Office applications (specifically MS Word and Excel).

• Strong verbal and written communication.

• Ability to prioritize multiple projects and complete them on time.

• Ability to conduct meetings, meet with customers, effectively present information and respond to questions from peers, auditors and various levels of management.

EDUCATION

• Bachelor's degree in Finance, Accounting or Economics. MBA preferred.

WORK EXPERIENCE

• Minimum 5 years' in credit underwriting for Commercial Real Estate.

LICENSES AND/OR CERTIFICATES

None

WORKING CONDITIONS

Work is mainly performed in a normal office environment. Noise levels usually are moderate.

HAZARDS

The hazards are only 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.

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.