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 considered at the Lead role. The position’s role is
responsible for accurately facilitating all loan-closing activities and
maintaining a courteous and beneficial liaison between customers, Relationship
Managers and other outside professionals. Job performance is evaluated on
accuracy, timeliness, productivity and customer satisfaction. The incumbent
acts either in a leadership role in training less experienced closers or is
assigned to a specialized area.
KEY RESPONSIBILITIES:
* Prepares and reviews pre-closing documentation for commercial lending and/or
commercial real estate construction and permanent loans. This includes
organization of files, review of the closing documents for accuracy, assuring
receipt of all required closing documentation and compliance and satisfaction
of all closing conditions and covenants. Is responsible for loan set-up
including completion of load sheets, calculation of required escrows,
reserves and prepaid interest, preparation of general ledger debit and credit
entries and initiating wire transfers.
* Coordinates the development and maintenance of the Closing Department’s
Policies and Procedures Manual. Assists the Department Manager with special
projects.
* Coordinates and acts as a liaison with attorneys, Relationship Managers and
other professionals to schedule and ensure closing takes place in a timely
fashion.
* Sets up loan files in accordance with standard department procedures;
coordinates related
* closing responsibilities with Loan Administrator. Prepares and processes
post-closing documents and reports for input to systems of Loan Servicing and
Commercial Lending departments.
* Coordinates with CLA on construction loan closings and attends
pre-construction meetings
* Maintains loan closing reference procedures to guide and regulate closings,
modifications and conversions.
* Prepares and processes Approvals In Process Report and maintains the monthly
Attorney Report. Assists with Closers Report, CRE, BB and MM.
* Verifies OFAC and Patriot Act information and related duties as required.
Reviews mortgage discharges for accuracy. Assists in daily department
responsibilities including customer inquiries and problem solving.
MINIMUM QUALIFICATIONS:
* Bachelor’s degree
* 5 or more years of experience
* Extensive knowledge of Construction Mortgage Loan closing and ability to
apply such knowledge.
* Strong verbal, communicative and written skills.
* Ability to manage heavy workflow, resolve problems with modest supervision,
attend to detail and perform arithmetic calculations.
* Proficient with software and systems programs.
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)
* 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:
$36.10 - $45.13 hourly
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.