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Position Summary
This CRE position’s responsibilities include all aspects of Portfolio Management as relates to assigned portfolio loans. The primary focus will be assisting multiple Lenders with the monitoring and management of their portfolio, maintaining a small portfolio of their own and assisting with other department related assigned functions. Responsibilities will include the preparation of short term extensions, modifications, borrower contact and comprehensive financial review of both individual and project economics and valuation, guarantor analysis, market analysis and risk rating recommendation. The loan analyses include both CRE construction loans and CRE permanent mortgages.
Major Job Responsibilities
Performs portfolio management responsibilities including:
• 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.
Other Responsibilities include::
• 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.
Supervisory Responsibilities
None
Skills And Training
• 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.
EDUCATION
• Bachelor’s degrees in Finance, Accounting or Economics required.
Work Experience
Five (5) to Seven (7) years’ work experience in all facets of commercial real estate within financial industry, with a strong concentration in Banking.
LICENSES AND/OR CERTIFICATES
Licenses and Certifications
None
WORKING CONDITIONS
Work is performed in a normal office environment. Noise levels are usually moderate. May include travel by automobile.
HAZARDS
The 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.
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.
