Provident Financial Services Manasquan , NJ 08736
Posted 2 weeks ago
POSITION SUMMARY
Under general direction, this position's primary responsibilities include all aspects of portfolio management as relates to assigned portfolio loans together with the cross selling of Bank products and services. A primary responsibility includes the preparation of comprehensive financial reviews and Loan Offering Analyses that evaluate the prospective financing properties, incorporating complex underwriting to include cash flow analysis, project economics and valuation, guarantor analysis, market analysis and recommendation. The loan analyses include both commercial loan and commercial permanent owner-occupied mortgages or commercial construction and commercial permanent mortgages.
MAJOR JOB RESPONSIBILITIES
Performs portfolio management responsibilities including:
Work with existing portfolio customers in an effort to increase and retain loan volume and cross sell Bank products and services.
Transaction negotiation and preparation of Loan Offering Analysis of existing loans in connection with renewals and modifications; facilitates closing of the transaction.
Performs continued Delinquency Control.
Prepares annual reviews of existing loans to access credit quality and covenant compliance; performs property inspections.
Promotes customer relations.
Prepares Loan Offering Analyses, which include the following:
Detailed property descriptions and market analysis.
Detailed analysis of financial statements.
Project economics, income and expense analysis, tenancy analysis, and property valuations and discounted cash flow models.
Construction budget analysis with determination of sources and uses of funds.
Borrower and Guarantor analysis.
Assess lending risks, clearly identify offsetting mitigants and summarize recommendations.
Complete special projects as directed by the department head.
SUPERVISORY RESPONSIBILITIES
None
SKILLS AND TRAINING
Comprehensive financial analysis experience.
Comprehensive loan analysis experience in respective discipline.
Strong verb and written communicative and analytical skills.
Proficient with software programs (Microsoft Word, Excel & Argus), financial analysis programs
and discounted cash flow models.
Strong customer services skills.
EDUCATION
Bachelor's degree in Accounting, Finance or Business Administration
WORK EXPERIENCE
3 - 5 years related within financial industry
LICENSES AND/OR CERTIFICATES
Licenses and Certifications Expiration Date
None
WORKING CONDITIONS
Work is performed in a normal office environment. Noise levels are usually moderate. May include travel by automobile.
HAZARDS
The hazards are mainly those present in a normal office setting and those present in commuting locally 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.
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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.
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