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 SUMMARY:Accountable for the supervision of Construction Loan Administration for the Commercial Lending Division of the Bank and Residential Lending (all construction loans regardless of amount). In addition, the Construction Support Team Leader will be responsible for managing a team of Construction Loan Administrators and ensuring all Bank policies and compliance requirements are adhered to by the Team. Ensures all funding processes, procedures and policies are adhered to by the Team. The Construction Loan Support Team Leader will provide timely and accurate information for both internal and external stakeholders related to construction loans managed by the department and assist relationship managers with any projects related to them. Knowledge/work experience of construction loans in the NJ, NY, PA, CT and Florida markets.
KEY RESPONSIBILITIES:Performs Management Responsibilities including but not limited to:
- Build and develop strong, productive relationships with all key internal and external stakeholders to ensure efficiency and consistency in procedures and proper compliance in the administration of the Bank's construction loans.
- Create, maintain, and implement construction management procedures for both the Construction Team as well as the Commercial Lending Division.
- Coordinate construction administration training for Commercial Lending, including ongoing training for existing employees as well as training for new employees.
- Responsible for the supervision of CLA's - Construction and monitor and assign workflow to team members. Ensure they are responding to borrower request in a timely and professional manner.
- Provide advisory support to Relationship Managers, Portfolio Managers, bank counsel and Bank closing department with review of legal documentation, budgets, and GC contracts to ensure it is in compliance with construction funding procedures prior to loan closing.
- Engage engineers to prepare Plan and Cost Reviews and provide to Relationship Managers.
- Manages the direct administration of construction loans and coordinates and act as a liaison with Relationship Managers, customers, engineering firms, attorneys, loan administration, the Bank's Senior management, and other professionals.
- Oversee the accuracy of funding to ensure we are in compliance with loan documentation.
Other Responsibilities:
- Interacts with internal and external partners to communicate and discuss construction procedures and any issues/deficiencies.
- Monitor receipt of inspections and inspection reports by team.
- Monitor interest reserve trackers for adequacy to support loan payments.
- Attend customer meetings and site inspections with Relationship Managers and bank engineers to ensure property is being completed on time and within budget and in accordance with plans.
- Review and approve monthly construction reports prepared by CLA-Construction III and distributed to upper manager.
- Manage and Monitor maturities, liens, insurance.
- Prepare employee reviews.
- Complete special projects as requested.
- Carries out supervisory responsibilities in accordance with the organization's policies. This includes interviewing, hiring, training, and managing employees; planning, assigning, and directing work; appraising performance; rewarding and disciplining employees and addressing and resolving employee complaints and concerns.
MINIMUM QUALIFICATIONS:
- High School degree or GED. Work experience equivalent to meet job requirements.
- Seven (7) to ten (10) years' work experience in all facets of Commercial Construction Administration and/or management within the financial industry, with a strong concentration in Commercial Banking.
- Previous Management Experience.
- Experience in the NJ, NY, PA, CT and Florida markets.
- Excellent interpersonal verbal communication skills.
- Industry expertise in knowledge and understanding of Commercial Construction Mortgage and Construction Lending (GC contracts, plan and cost reviews, legal documents, inspection reports, title insurance, etc.).
- Comprehensive knowledge of construction loans and general processes.
- Strong comprehensive financial skills in the preparation and analysis of detailed construction budgets.
- Strong analytical ability, decision making and problem-solving skills.
- Ability to analyze complex documents.
- Ability to work with a wide variety of personalities in a courteous and efficient manner.
- Strong business acumen and excellent relationship management skills across all levels.
- Strong leadership, and ability to develop and execute on strategy.
- Strong customer service skills
- Ability to manage heavy workflow, resolve problems with modest supervision.
- Proficient in excel.
WORKING CONDITIONSWork 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:$92,300 - $151,600 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.
About Provident BankFor 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 LifeOur 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?
- We get to volunteer in areas that are meaningful to the bank and impactful in the community.
- 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.
