Portfolio Manager III - CRE

Portfolio Manager III - CREThis CRE position's responsibilities include all aspects of Portfolio Management as relates to assigned portfolio loans. The primary focus will be assisting multiple Lenders with the monitoring and management of their portfolio and assisting with other department related assigned functions. Responsibilities will include the preparation of short term extensions, modifications, borrower contact and comprehensive financial review of both individual and project economics and valuation, guarantor analysis, market analysis and risk rating recommendation. The loan analyses include both CRE construction loans and CRE permanent mortgages. This position is considered the most experienced job in the job family.Key Responsibilities:Promote customer relations by assisting Lenders and CustomersMonitor maturities and past duesMonitor covenant compliance of the CRE portfolioMonitor the receipt, review and proper documentation of financials, loan approvals, loan documents, etc.Prepare Annual Reviews to assess credit quality and covenant compliancePrepare short term extensions of matured loansPreparation of Semi-annual construction reviews Covenant compliance; performs property inspectionsPreparation of detailed excel Group Exposure ChartRequest quotes/order appraisal and environmental reportsAssist in the Management of PM's I and II and review of their work prior to submission to managementOther Responsibilities include: Detailed property descriptions and market analysis. Detailed analysis of financial statements. Project economics, income and expense analysis, tenancy analysis, and property valuations Construction budget analysis with determination of sources and uses of funds. Borrower and Guarantor analysis. Assess lending risks, clearly identify offsetting mitigates and summarize recommendations. Prepare loan modification/covenant waiver memos. Complete special projects as directed by the CRE Portfolio Manager Team Leader.Minimum Qualifications:Bachelor's degrees in Finance, Accounting or Economics.Seven (7) to ten (10) years' work experience in all facets of commercial real estate within financial industry, with a strong concentration in Banking.Strong Comprehensive financial analysis skills / experience.Comprehensive Commercial Real Estate loan analysis experience.Ability to manage a commercial real estate portfolioAbility to assist multiple Lenders with management of their portfolioStrong 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 service skills.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 sittingLifting 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.Pay Details: $123,900 - $177,000 annuallyProvident 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 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.