Portfolio Manager

Portfolio Manager II - SBLHow 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 SummaryThe 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 ResponsibilitiesProcess 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 Qualifications5+ 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 QualificationsBachelor'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 ConditionsWork 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.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, 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 BenefitsTeam 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.About Provident BankFor 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 LifeOur 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.