Provident Bank · 7 hours ago
Middle Market Underwriting Manager
Iselin, NJ
Full-time
Onsite
Senior Level
$150K/yr - $204K/yr
5+ years expProvident Bank is a highly regarded financial institution in New Jersey committed to enhancing customer and employee experiences. The Middle Market Underwriting Manager is responsible for managing the underwriting team, making underwriting and risk rating recommendations, and overseeing the credit analysis process for middle market lending.
Financial Services
Responsibilities
Ensures timely turnaround of deals assigned to Credit Analysts through proper scheduling of assignments and balancing workload
Prepares quarterly report for the team, to be included in the Underwriting Departments report to management
Conducts periodic review, in line with company policies, of portfolios, policies and processes
Prepare performance reviews for the Middle Market Credit Analysts on the Middle Market Lending Underwriting team
Meets with the Group Head and lending team leaders to review workflow concerns and issues, interacts with lending team leaders on a daily basis to ensure consistent communication across lines of business
Review underwriting packages for Middle Market Lending credit analysts to ensure accuracy in loan analysis and risk rating, and adherence to loan policy
Manages day-to-day credit activities of the Middle Market Lending department workflow for the Commercial Credit Underwriting Department. includes interaction with Group/Department Heads on a regular basis
Reviews workflow and analysis product for efficiency and effectiveness as needed, will perform annual reviews of staff and handle warnings and any other disciplinary actions needed for the Middle Market Lending Credit Analysts
Acts as a mentor to the underwriting team and participate in special projects as assigned
May be required to assist or underwrite complex credits from time to time as needed
Leads, develops and supervises the Middle Market C&I Credit Analyst team. This includes interviewing, training assigning and directing work; and addressing and resolving employee concerns
Qualification
Required
Bachelor's degree in accounting, Finance or Business Administration
Five to 10 years in banking or financial services industry with a minimum of 5 years directly in Credit with a focus on Middle Market and Leveraged Lending
Prior Management Experience required
Strong credit underwriting and risk analysis skills
Strong analytical skills with ability to highlight and mitigate risks
Comprehensive knowledge of commercial loan deal structures
Strong communication skills with the ability to effectively interact with department heads and lending officers and effectively assist in mentoring staff
Proficient in Commercial & Industrial middle market lending including debt service coverage, cash flow, cash flow leverage, and enterprise value and collateral coverage as applicable
Ability to conduct meetings, effectively present information and respond to questions from peers, auditors and various levels of management
Excellent managerial skills as well as the ability to exercise judgment and resourcefulness in resolving employee questions and issues
Excellent computer skills, including strong knowledge of and the ability to practically apply modern office software
Ability to prioritize multiple projects
Preferred
MBA preferred
Prior lending and approval authority a plus
Formal Credit Training preferred
Benefits
Paid time-off (PTO)
Holiday (PTO)
Health and Wellness benefits including Medical, Dental and Vision Plans
Flexible and Health Savings Accounts
401(k) Retirement Plan
Disability Insurance
Employee Assistance Program
Basic Life Insurance
Tuition Disbursement
Loan Repayment programs
Supplemental Life Insurance
Accident
Critical Illness
Hospital Indemnity
Legal plans
Company
Provident Bank
Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Maheshkumar Kandasamy
SVP, Enterprise Architecture Director
Scott Hurlbert
SVP, Digital Channels Director
Recent News
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