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Provident Bank · 7 hours ago

Portfolio Manager III - CRE

Iselin, NJ

Full-time

Onsite

Senior Level

$114K/yr - $163K/yr

7+ years exp

Provident Bank is a highly regarded financial institution in New Jersey, committed to enhancing the customer and employee experience. The Portfolio Manager III - CRE will manage portfolio loans, assist lenders, and conduct comprehensive financial reviews and market analyses.

Financial Services

Responsibilities

Promote customer relations by assisting Lenders and Customers

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

Assist in the Management of PM’s I and II and review of their work prior to submission to management

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

Qualification

Financial analysisCommercial real estate analysisPortfolio managementMicrosoft ExcelArgus softwareCustomer serviceAnalytical skillsCommunication skills

Required

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 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