Credit Analyst III

JOB FUNCTION: Finance & Accounting
JOB TYPE: Direct Hire
LOCATION: New York, NY
COMPENSATION: $70k - $90k
REMOTE / ONSITE: Hybrid
POSTED: Jun 15, 2022

Our client builds value for its shareholders as a growth oriented, community-focused financial services organization. By providing innovative products backed by outstanding service, they will achieve their vision of enhancing their commitment and responsiveness to the markets, customers and team members they serve as they seek a new commercial Credit Analyst III with strong commercial credit and underwriting experience to join their team!

Salary/Hourly Rate:

$70,000 – $90,000

Position Overview:

The Credit Analyst III primary role is active underwriting of all commercial loan requests. This Credit Analyst III position is based in our NYC office. Hybrid work schedule is offered after completion of initial onboarding (first 90 days) with ability to work remotely up to two days per week. Great benefits & growth opportunities are here for YOU!

Responsibilities of the Credit Analyst III:

  • Perform efficient and concise detailed analysis and quality underwriting loan proposals
  • Underwrite loans, renewals, extensions and modifications
  • Proactively and independently analyze and structure proposals and complete the underwriting and evaluation process
  • Identify loan structure alternatives and make recommendations on credit decisions
  • Ensure compliance with credit policy and underwriting requirements
  • Conduct assessment of credit worthiness of borrower; review historical operating performance and research economic and market conditions as they relate to the borrower’s company and industry
  • Research industry specific information from outside sources, which may include industry publications, area libraries, references from other banks, credit agencies, and internet searches and information sites
  • Perform analysis of secondary sources of repayment such as collateral; assess the quality and source of collateral being pledged and apply an appropriate discount factor to determine an estimation of collateral marketability in a liquidation scenario
  • Perform analysis of a guarantor’s financial position and construct personal net cash flow through investigation of personal financial statements, personal tax returns and credit reporting documentation
  • Develop an understanding of any contingent liabilities and prepares summary
  • Assist in the preparation of the initial assessment that summarizes key strengths and risks and includes identification of any deviations from the Bank’s Commercial Loan policy
  • Become familiar with alternative structures in order to reduce credit risk
  • Assign a credit risk rating
  • Prepare in-depth loan package with detailed analysis and recommendations for presentation to reviewers and/or Management Credit Committee
  • Attend Management Credit Committee to provide input on overall assessment and answer questions regarding their credit analysis as necessary
  • Partner with lending team to conduct thorough annual reviews of current portfolio clients including review of financials, site visits, assessment of general business information and other factors that would be indicators of risk
  • Discuss and review covenants and overall assessments with reviewers and establish turnaround/delivery requirements
  • Participate in customer meetings to provide expert analytical counsel and credit perspective
  • Ensure that all work is in compliance with applicable laws, regulations and company guidelines as detailed in company policies
  • Seek guidance from senior credit staff as necessary and appropriate to resolve potential issues
  • Develop knowledge of Company and department systems, practices, and policies
  • Actively participate in training programs and opportunities to expand knowledge and analytical abilities
  • Participate in special projects and performs additional duties as required
  • Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies
  • Understands the compliance requirements to ensure files are maintained in accordance with regulations

Qualifications for the Credit Analyst III:

  • 5+ years of experience in commercial credit lending environment with noted progressively responsible experience in credit evaluation, portfolio risk assessment and underwriting
  • Working knowledge of commercial lending process including demonstrated credit evaluation and underwriting ability, with ability to make independent credit assessments
  • Knowledge of credit approval policy and process with the ability to accurately interpret lending policy and apply same to the management of the portfolio
  • Knowledge of qualitative portfolio analytics and metrics with the ability to utilize automated and analytical tools and techniques
  • Ability to identify and quantify business risks and the key drivers of risk and focus decisions accordingly
  • Ability to understanding client industry and its general fit to portfolio parameters
  • Working knowledge of banking regulations and laws governing commercial lending
  • Strong written and oral communication skills with the ability to effectively communicate financial analysis detail in a clear, concise manner
  • Strong organizational skills with ability to set priorities in a multi-task environment and meet deadlines
  • Demonstrated proficiency with Microsoft Office with specific capability in Word and Excel
  • Ability to maintain the confidentiality of credit and customer information

Education Requirements:

  • Bachelor’s degree in Business Administration, Finance, Accounting, or Economics, or equivalent related work experience is required

Benefits:

  • Medical, Prescription, Dental, and Vision Coverage
  • Life Insurance and Optional/Dependent Life Insurance
  • Company Holidays and Paid Time Off (PTO) 401(k)
  • Retirement Plan
  • Employee Stock Ownership Plan (ESOP)
  • Short and Long Term Disability
  • Flexible Spending Accounts
  • Employee Assistance Program
As a woman-owned firm, we value diversity. We are an equal opportunity employer and will consider all applications without regard to race, sex, age, color, religion, national origin, veteran status, disability, genetic information or any other characteristic protected by law. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request an accommodation.
Position ID: 110926