Provident Financial Services, Inc

Team Leader - Healthcare Small Business Lending

Provident Financial Services, Inc$162K — $225K *
Healthcare
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of healthcare lending and banking experience.
  • 5-7+ years of management experience leading teams.
  • Proven ability to deliver high loan volumes and establish new relationships annually.
  • Exceptional skills in structuring loans and loan documentation.
  • Strong business development skills with a large referral network.
  • Excellent presentation skills and ability to address industry questions.
  • Strong marketing and branding capabilities.

Responsibilities

  • Own the development of new healthcare lending products and their market launch.
  • Manage and grow a team of lenders and support staff to meet corporate goals.
  • Develop a multi-regional platform by expanding resources and reach.
  • Oversee marketing efforts targeting the healthcare sector.
  • Ensure adherence to the platform's loan policies and objectives set by management.
  • Cultivate and manage referral sources for the business line.
  • Achieve team and individual production goals, monitor portfolio quality.

Benefits

  • Health and Wellness benefits including Medical, Dental, and Vision Plans.
  • 401(k) Retirement Plan with company contributions.
  • Paid time-off (PTO) and additional holiday PTO.
  • Tuition Disbursement and Loan Repayment programs.
  • Disability Insurance and Basic Life Insurance coverage.
  • Employee Assistance Program provided.
  • Access to a variety of voluntary benefits for personal needs.
Full Job Description
POSITION OVERVIEW:

Responsible for the development of a new product launch within the Healthcare Lending platform, designed to produce a high volume of loan and deposit activity targeting physicians, dentists, and veterinarians. Generally, loans will be originated up to $3MM and will be presented within a "Comes With" product suite which will include offerings from Cash Management, PPP, Beacon, Merchant and more. This position will create a go-to-market strategy for this new focus and will compete with regional and national banks within the same footprint as the Healthcare Lending team. At inception, this position will manage a small team of three (approx..) but will grow over time, to include representation in the entire geography permitted within Healthcare Lending policy. Establish and ensure achievement of individual and team goals for loan production and quality, management of the team's loan portfolio, and the sourcing and closing of new relationships to the Bank. Oversee and direct the operations of the team, provide support and guidance for team members, achieve team goals and oversee individual goals as directed by the Bank. Complete projects as assigned. Provide overall leadership of the platform, its employees, and future strategy.

KEY RESPONSIBILITIES:
  • Responsible for complete ownership of a new product set offering commercial lines of credit, term loans, and mortgages to practicing physicians, dentists, and veterinarians. Marketing and branding of new business venture for the Bank. Successful adoption of the platform by the market as evidenced by high volume of closed loans ($50-100MM to start) and a growing deposit base consistent with management's expectations.
  • Manage a growing team of lenders and support staff, insuring that corporate objectives are met as assigned by management (loans, growth, deposits, etc.). Directionally evolve the business into a multi-regional platform by adding resources in extended geography. Grow the non-interest income of the Bank by building a large base of cash management and merchant services users.
  • Manage all referral sources of the business line.
  • Responsible for the platform's loan policy.
  • Oversee marketing and branding of the platform within target market demographics, by both Healthcare subset and geographically. Be responsible for the overall perception and direction of the platform.
  • Achieve corporate objectives as directed by executive management as dictated. Examples include Returns on Assets/Equity hurdles, efficiency ratio, etc. Serve within the Senior Management Group of the Bank, being visible to other employees and the communities the Bank serves.


MINIMUM QUALIFICATIONS:
  • 10+ years of experience with the above skills, 5-7+ years of management experience, and 10+ years of Healthcare lending and banking experience.
  • Extensive experience lending to growing and mature practices, tracking changing needs of the customer and marrying them with more mature bank products throughout the lifecycle of the customer base.
  • Capable of delivering a high volume of loans and new relationships, annually.
  • Credit trained, exceptional ability to structure loans, extensive experience with loan documentation.
  • Strong business development skills with a large referral network.
  • Previous leadership experience preferably overseeing sales force. Able to inspire others to achieve their goals and perform their best.
  • Presentation skills, able to field and answer questions about the healthcare industry.
  • Imaginative marketing and branding capability.
  • Able to resolve problems and manage people.


PREFERRED QUALIFICATIONS:
  • 4-Year college degree preferred, or relevant direct work experience as outlined above


WORKING CONDITIONS

Work is mainly performed in a normal office environment. Noise levels usually are moderate. May also involve 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)
  • 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.

Pay Details:

$162,300-$225,000 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 Financial Services, Inc

Provident Financial Services, Inc. is a bank holding company that provides a range of financial services to individuals and businesses in New Jersey and Pennsylvania. The company was founded in 1839 and is headquartered in Jersey City, New Jersey. Provident Financial Services operates through its subsidiary, Provident Bank, which has over 80 branches and offers a variety of banking products and services, including checking and savings accounts, loans, mortgages, and wealth management services. The company is committed to giving back to the communities it serves and has established a foundation to support local organizations and initiatives. Provident Financial Services is publicly traded on the New York Stock Exchange.
Learn more about Provident Financial Services, Inc
Size
1,123 employees
Market Cap
$100.1 million
Industry
Net Income
$5.3 million
5 Year Trend
-3.9%

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