Credit Analyst I

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:

Under direction from peers and manager, this position is responsible for completing the various Credit Underwriting training courses/exercises to gain hands-on experience in credit analysis, risk assessment, customer relationship strategies, detailed industry research, financial spreading, short term extensions, and various special projects. The Credit Analyst I will participate in training sessions (both provided internally and externally) on credit analysis, risk management, industry assessments, and various financial tools. This is an entry level position that will assist the various Commercial Credit Underwriting teams (both CRE and C&I) with annual reviews, financial spreading, and small renewals or modifications that assists with any overflow of the entire department. The incumbent will also provide administrative support to the Credit Administration team, including data research and entry, and special projects and initiatives, as warranted. The expectation is for this individual to have a foundation built to grow in experience and the ability to exercise independent judgment within established Underwriting Guidelines and Credit Policy.


KEY RESPONSIBILITIES:

• Participate in the various training classes and opportunities to learn about the Bank's Credit Culture and Risk Management approach.
• Prepare and spread business financial statements and cash flows, in addition to personal financial statements and cash flow for personal guarantors.
• Prepare small loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans.
• Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc.
• Shadow and train with peers and management to enhance overall commercial credit skills

MINIMUM QUALIFICATIONS :

• Bachelor's degree in with a preferred concentration in Finance, Accounting or Economics.
• 0 - 3 years in banking, finance, or accounting.
• Basic understanding of the financial world.
• Good grasp of accounting.
• Computer skills.
• Strong verbal and written communicative and analytical skills.

WORKING CONDITIONS

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

• 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:

$53,800 - $76,800 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.

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?

1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
2. 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.