Relationship Manager Associate (Commercial Real Estate) - Morristown, NJ

Relationship Manager Associate (Commercial Real Estate)

The primary function of the Associate Relationship Manager is to work closely with the Relationship Manager and Team Leader to monitor and grow customer relationships. The Associate Relationship Manager may / may not have customers assigned to them.

Expected Work Hours 40

Job Description

Responsibilities include but are not limited to :

• Assist the Relationship Manager with their customer portfolios.
• Monitor and report changes in credit quality.
• Prepare effective packages for credit approval circulation and to present packages to the required level of credit authority.
• Prepare and issue term sheet and commitment letters.
• Attend loan closings to ensure loans are properly closed.
• Follow past due payments and overdrafts.
• Ensure that lines of credit are renewed in a timely fashion. Obtain customer renewal term agreement and negotiate any differences.
• Respond to customer needs in a timely fashion.
• Ensure that customer requests with other departments are being properly followed, clearing all service issues.
• Oversee proper handling of customer transactions such as advances, payments, wire transfer, etc.
• Ensure that the bank is in possession of current financial information and that the information has been properly analyzed and on file and that proper and complete credit files are on hand.
• Provide reports of information as required.
• Review documentation prepared by legal counsel as to their accuracy meeting all requirements of loan requests.
• Provide problem resolution.
• Assure that credits are accurately risk rated and credits are properly monitored and reported.
• Create and maintain current BSA Information.
• Adhere and comply with all requirements of watch list and EDD procedures.

Requirements

Required Skills :

Required Experience :

Full-time / Part-time : Full-time

Location(s) : 70 Speedwell Ave, Morristown, New Jersey 07960, United States

Total Rewards Summary : We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and / or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions. In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range : $62,300.00 - $105,100.00 / year

Pay Transparency : In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.