Credit Analyst II

Starting Salary: $72K Annually. (negotiable dependent upon experience)

This is an in-office role located in Lakewood, New Jersey.

Requirements Credit Analyst II

• Minimum of 3 years experience in commercial underwriting (with a focus on commercial real estate) OR a minimum of 5 years banking experience (or related commercial real estate finance experience)
• Bachelor degree in Accounting, Finance, or related field of study
• Specialized bank lending education/training
  preferred (but not required)
• Intermediate commercial real estate underwriting skills and experience, SBA experience preferred
• Proficient in:
  • English (reading, writing, grammar, and mathematics)
  • Interpersonal relations and communication
  • Organizational skills
  • PC skills, including Microsoft Office, and ability to learn specific financial software
• Ability to manage a moderate workload on a consistent basis with limited oversight
• Attention to detail
• Ability to work under strict time requirements or under tight time frames
• Developed financial analysis skills
• Thorough knowledge of current related obligations

We offer the following excellent benefits to our Full-Time employees:

• Medical benefits
• Dental benefits
• Vision benefits
• Life insurance (employer paid)
• 401(k) matching
• PTO (Paid Time Off)
• Paid Federal Bank holidays
• LTD insurance (employer paid)
• Flexible spending account
• Health savings account (employer contribution)
• Life Mart (employee discount programs)

Responsibilities:

• Receives application and related financial data on prospective and active borrowing accounts, e.g., tax returns, financial statements, credit reports, and lender interview and investigation sheets.
• Analyzes data and evaluates the short- and long-run prospects of the individual or business; determines the degree of risk involved in extending credit or lending money; assists in determining the likelihood that the borrower will be able to meet their financial obligations on an on-going basis.
• Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
• Prepares necessary cash flow analysis to evaluate the ability of the individual and/or borrower to service the requested debt.
• Generates financial ratios to evaluate customer’s financial status.
• Provides thorough documentation of all financial analysis work, including ratios and other related information; provides a complete analysis suitable for presentation to appropriate approving authority; prepares related reports.
• May make recommendations to appropriate personnel on the granting or denying of loans; prepares sufficient information to document recommendations to approve, decline or counteroffer an application.
• Evaluates customer records and recommends repayment options based on cash flow, earnings, savings data, payment history, and purchase activity.
• Reviews individual and commercial customer files to identify and select delinquent accounts for evaluation and action.
• Compares liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries and geographic locations.
• Evaluates data and information contained in various third party reports and documents, such as appraisals, environmental reports and lease agreements.
• Prepares written compilation of their analysis in the prescribed format for review and presentation.
• Confers with credit association and other business representatives to exchange credit information.
• Consults with customers to verify financial and credit transactions.
• Ability to manage and process multiple credit requests of varying degrees of complexity on an on-going basis.
• Review, update and evaluate existing loan customer relationships and credit files to determine continued creditworthiness and ability to meet the their…