Credit Analyst 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:

Under general direction, this position is responsible for origination, evaluation and structuring of complex loan requests and transactions under the SBA 504 and 7A loan programs.   Additional responsibilities will include portfolio management and cross-selling other Bank products and increasing the bank’s visibility in the marketplace.  The position is considered the more experienced job in the job family.

 

KEY RESPONSIBILITIES:

  • Solicits credit-worthy potential and existing customers in an effort to develop new business and increase or retain existing business within the framework of the policy and procedures of the Bank and SBA Loan Programs.  Promotes profitable growth of the loan portfolio and maximum customer responsiveness. Must have a strong understanding of the SBA loan program rules and regulations to properly structure eligible deals and protect the SBA guaranty.
  • Oversee the preparation of loan presentation including detailed financial analysis and assessment of borrower's financial capacity and creditworthiness.  Must have an understanding of SBA program guidelines and incorporate SBA procedural requirements in the financial analysis and loan presentation. 
  • Assesses lending risks, identifies offsetting mitigants and makes recommendations on loan structure displaying sound credit judgment
  • Establishes and promotes customer and community relationships; cross sell other Bank products and services; maintains continued awareness of market conditions and competition; continues education in financing products and techniques.
  • Manages all aspects of assigned loan portfolio with emphasis on protecting the SBA Guaranty by complying with SBA closing and servicing requirements, covenant and bank policy compliance, credit quality and delinquency control.
  • Facilitates closing of the loan transactions with strict compliance with approved terms and conditions.

 

MINIMUM QUALIFICATIONS:

  • Bachelor’s degree in accounting, Finance or Business Administration
  • 5 to 10 years experience in SBA Lending
  • Comprehensive loan analysis experience.
  • Comprehensive financial analysis experience.
  • Comprehensive knowledge of SBA policy and procedures. 
  • Comprehensive knowledge of underwriting techniques.
  • Proven new business track record.
  • Strong oral, written and communication and management skills.
  • Proficient with software programs (Microsoft Word, Excel and Argus).

 

WORKING CONDITIONS:

Work is performed in a normal office environment. Noise levels are usually moderate. This position involves travel to customers and property locations.

  • Prolonged sitting
  • Lifting from 5 to 10 lbs. (printer paper, storage boxes)
  • Occasional bending or overhead lifting (storing files or boxes)

 

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.

 


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $912,000 in 2022. No item or donation is too small; we find a home for it all.


Nearest Major Market: New Jersey