Portfolio Manager II
Company: Provident Bank
Posted on: May 16, 2022
POSITION SUMMARYUnder general direction, this positions primary
responsibilities include all aspects of portfolio management as
relates to assigned portfolio loans together with the cross selling
of Bank products and services. Additional responsibilities will
include the facilitating of comprehensive Credit Analyses that
evaluate the existing facilities in the portfolio. The loan
analyses include both commercial loans, commercial permanent owner
occupied mortgages, and/ or commercial construction. This position
is considered the more experienced job in the job family. MAJOR JOB
RESPONSIBILITIESPerforms portfolio management responsibilities
- Facilitates the preparation of the Credit Underwriting and
Analysis of existing loans in connection with renewals and
modifications. Facilitates closing of the transaction.
- Performs continued Delinquency Control.
- Prepares annual reviews of existing loans to access credit
quality and covenant compliance; Monitors receive and reviews
periodic reporting received by customers to ensure compliance as
well as to monitor performance; Monitors to ensure property
inspections are performed in accordance to loan policy.
- Engages outside vendors to perform Field Exams on customers as
needed; facilitates process, reviews exams, prepares internal
review pointing out any issues and recommending ways to mitigate
issues. Helps to facilities the Loan Review process as well reviews
by outside regulators.
- Assists in the preparation of CRMR reports for the
- Solicits existing portfolio customers in an effort to increase
and retain volume and cross sell Bank products and services.
Promotes customer relations.
- Assists Lenders and department manager to ensure customers are
being serviced as needed.50%Performs relationship management
responsibilities on own portfolio of accounts including:
- Portfolio management duties listed above as well as transaction
negotiations for renewals, modifications, and new facilities for
customers in his/her portfolio.
- Promotes and monitors customer relationship. 25%Prepares Annual
Reviews on existing customers with exposure over $1MMwhich include
- Detailed analysis of financial statements.
- Detailed collateral analysis.
- Detailed analysis of debt service and covenant compliance
- Review of credit risk rating.
- Borrower and Guarantor analysis.
- Assesses lending risks, clearly identify offsetting mitigates
and summarize recommendations. 20%Complete special projects as
directed by the department head.5%SUPERVISORY RESPONSIBILITIES
NoneSKILLS AND TRAINING Comprehensive financial analysis
experience. Credit trained Comprehensive loan analysis experience
in respective discipline. 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 services skills. EDUCATION
Bachelors degree in Accounting, Finance or Business Administration
WORK EXPERIENCE5 or more years experience comensurate with job
function LICENSES AND/OR CERTIFICATES Licenses and Certifications
Expiration Date NoneWORKING CONDITIONSWork is performed in a normal
office environment. Noise levels are usually moderate.HAZARDSThe
hazards are mainly those present in a normal office setting and
those present in commuting locally by car. Occasionally may be
exposed to those conditions present in public forums and meeting
places.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.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.
Keywords: Provident Bank, Paterson , Portfolio Manager II, Executive , Paramus, New Jersey
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