Portfolio Manager II - SBL

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:

The Portfolio Manager II – SBL supports Bank’s goal of enhancing and increasing the efficiency of the sales force by way of processing & underwriting loan applications and providing portfolio management services to Retail (Market Sales Managers and Branches). Using past and current experience, analytical skills and systems to underwrite in support of loan decisions from application to closing and portfolio management (life cycle of a loan).

KEY RESPONSIBILITIES:

• Process both new and renewal loan applications, review and analyze financial statements, prepare cash flow analysis for C&I and CRE transactions and other supporting documentation of borrowers and guarantors to effectively recommend structure, price and decisions on small business loans.
• Utilizes SBL's decisioning software and other Bank systems to properly process, decision, and document credit requests according to Bank policy and goals.
• Seeks to maintain appropriate levels of Credit Quality in origination, renewal and portfolio monitoring of small business loans, consistent with overall objectives of the Department. Identifying problem loans, etc.
• Communicates loan decisions and recommendations to Retail (Market Sales Managers and Branch Managers) and other department personnel. Direct loans through due diligence and documentation processes.
• Assists with training (AppLink) and mentoring Retail (Market Sales Managers and Branches) with SBL’s process & procedures.

MINIMUM QUALIFICATIONS :

• 5+ years of experience in processing small business/commercial loans, underwriting, servicing or portfolio management.
• Skillset sufficient to translate analytical skills into making quality loan decisions.
• Willingness and ability to work closely with Retail and other Depts (internal to Bank) along with others external to Bank.
• Excellent organizational, time management and prioritization skills, sufficient to accomplish every aspect and task in the life cycle of a loan.
• Excellent, effective verbal and written communication skills.
• Willingness and ability to provide guidance/training to others at the same or lower level.
• Intermediate proficiency using Microsoft Office (Outlook, Excel, Word).
• Familiar with technology to learn credit decisioning software and Bank systems.

PREFERRED QUALIFICIATIONS:

• Bachelor's degree in accounting, marketing, business administration, finance, etc. preferred but not required based on level of experience.
• Intermediate level of credit training preferred but not required based on level of experience.

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.

Pay Details:

$77,000 - $110,000 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.

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