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Provident Bank · 1 week ago

Portfolio Manager II - CRE

Montville, NJ

Full-time

Onsite

Senior Level

$92K/yr - $132K/yr

5+ years exp

Provident Bank is a highly regarded financial institution in New Jersey that focuses on enhancing the experiences of its customers and employees. The Portfolio Manager II - CRE will manage assigned portfolio loans, assist lenders with portfolio management, and conduct comprehensive financial reviews and analyses related to commercial real estate loans.

Financial Services

Responsibilities

Monitor maturities and past dues

Monitor covenant compliance of the CRE portfolio

Monitor the receipt, review and proper documentation of financials, loan approvals, loan documents, etc

Prepare Annual Reviews to assess credit quality and covenant compliance

Prepare short term extensions of matured loans

Preparation of Semi-annual construction reviews

Covenant compliance; performs property inspections

Preparation of detailed excel Group Exposure Chart

Request quotes/order appraisal and environmental reports

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

Completes special projects as directed by the CRE Portfolio Manager Team Leader

Qualification

Commercial Real Estate analysisFinancial analysisPortfolio managementMicrosoft ExcelArgus softwareCustomer serviceAnalytical skillsCommunication skills

Required

Bachelor's degrees in Finance, Accounting or Economics required

Five (5) to Seven (7) 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 portfolio

Ability to assist multiple Lenders with management of their portfolio

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 service skills