Credit Analyst II - C&I

How would you like to join one of the most highly regarded financial institutions in New Jersey with deep roots in the community? Provident is a successful and highly regarded multi-billion-dollar bank that continues to grow with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. At Provident Bank, we are committed to enhancing our customer and employees’ experience.

POSITION OVERVIEW:

This position is responsible for detailed research, financial spreading, extensions, and credit analysis of credit requests in Commercial Credit Underwriting – C&I Regional Department. The incumbent is expected to be proficient in credit & risk analysis, credit rules, regulations, and documentation with the ability to exercise independent judgment within established Underwriting Guidelines and Credit Policy. The incumbent will handle transactions with relationship exposure less than $3,000,000 (i.e. short form approvals and smaller relationship exposure under Regional Approval Authority – Level 5 or below).

KEY RESPONSIBILITIES:

• Prepare loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short-term extension of existing loans.
• Prepare and spread business financial statements and cash flows, in addition to personal financial statements and cash flow for personal guarantors. Conduct analysis on accounts receivable and accounts payable aging reports.
• Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc.
• Support deal structuring activities
• Performs other duties and responsibilities as assigned by management

MINIMUM QUALIFICATIONS :

• Minimum 3 years in commercial credit underwriting experience.
• Bachelor’s degree in with preferred concentration in Finance, Accounting or Economics.
• Proficient underwriting and credit analysis skills.
• Developed analytical skills with ability to identify strengths and mitigate risks.
• Basic knowledge of commercial and industrial lending and credit underwriting.
• Proficient in Commercial & Industrial lending including debt service coverage and cash flow.
• Strong computer skills, inclusive of experience with loan origination software and MS Office applications (specifically MS Word and Excel).
• Strong verbal and written communication.
• Ability to prioritize multiple credit requests and complete them on time.
• Good comprehension of accounting practices, inclusive of balance sheets, income statements, equity reconciliation, and cash flows.

WORKING CONDITIONS

Work is mainly performed in a normal office environment. Noise levels usually are moderate.

• Prolonged sitting
• Lifting from 5 to 10 lbs. (printer paper, storage boxes)
• Occasional bending or overhead lifting (storing files or boxes)
• The hazards are mainly those present in a normal office setting.

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.

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.

Pay Details:

$58,900 - $96,900 annually

Please note, the base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, education, geographic location, internal equity, and other applicable business and organizational needs.

This role is incentive eligible based upon company, business, and/or individual goal achievement and performance.

Team members accrue paid time-off (PTO), receive Holiday (PTO) and are eligible to participate in the bank’s Health and Wellness benefits including Medical, Dental and Vision Plans, Flexible and Health Savings Accounts, and a 401(k) Retirement Plan. In addition, the company provides Disability Insurance, an Employee Assistance Program, and Basic Life Insurance. Company sponsored Tuition Disbursement and Loan Repayment programs are also available. Voluntary benefits include Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity and Legal plans.

#LI-Hybrid