Credit Analyst III

Not a remote role. In office role located in Lakewood, New Jersey

Starting Salary $85,000.00 (Negotiable upon Experience)

Education/Training: Bachelor’s degree in Accounting, Finance, or related field of study required; specialized bank lending education/training.

Skill(s): Intermediate to advanced commercial real estate underwriting skills and experience; proficient in English, reading, writing, grammar, and mathematics skills; 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; proficient interpersonal relations and communication skills; advanced organizational skills; intermediate to advanced financial analysis skills;

proficient PC skills including Microsoft Office and ability to learn specific financial software; thorough knowledge of current related regulations; skills sufficient to train and/or mentor new Credit Administration personnel.

Experience: A minimum of three (3) to five (5) years commercial credit underwriting experience, including commercial real estate and C&I lending related experience required. SBA and non-profit underwriting experience preferred.

Responsible for performing credit analysis to evaluate the creditworthiness of individuals and businesses for commercial loan requests; coordinating work within the department, as well as with other departments; assisting with training and mentoring of new and/or entry level credit analysts; complying with operating policies and procedures established for the credit analysis function; communicating with appropriate personnel; responding to inquiries or requests for information;

maintaining appropriate records and providing assigned reports.

• Performs credit analysis on more complex credits to evaluate the creditworthiness of individuals and businesses of which the following are illustrative:
• 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, etc.
• 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.
• 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 management on the structure of credits and 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 collection.
• 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…