Credit Analyst

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Job description

SNI Companies is working with a financial services company located in Ocean County, NJ who is looking for a Credit Analyst to join their lending team. As Credit Analyst, you will be responsible for performing credit analysis to evaluate the creditworthiness of individuals and businesses for commercial loan requests. This role becomes hybrid after training, 3 days in office and 2 remote days.

Responsibilities

• Performs credit analysis to evaluate the creditworthiness of individuals and businesses.
• 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.
• 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 their financial obligations; prepare written recommendation with sufficient support to document the credit file or recommend for a risk rating adjustment.
• Assembles, maintains and reviews credit files to ensure all necessary information is in the file and the file contains all the appropriate information and documentation.
• Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements.
• Maintains appropriate records and provides assigned reports.

Qualifications

• A minimum of 3 years commercial credit underwriting experience, with a focus on commercial real estate or a minimum of 5 years banking experience or related commercial real estate finance experience
• SBA experience preferred, but not required.
• Bachelor's degree in Accounting, Finance, or related field of study required
• Intermediate commercial real estate underwriting skills and experience
• Time Management and organization skills
• Proficient in MS Office and financial software
• Interpersonal relations and communication skills

Benefits

• Medical/Dental/Vision insurance
• Life/LTD insurance (employer paid)
• Paid Federal Bank holidays
• Flexible spending account
• Health savings account (employer contributed)
• 401(k) matching
• PTO (Paid Time Off)

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