Columbia Bank New Jersey · 1 day ago
Sr. Commercial Credit Analyst I
Fair Lawn, NJ
Full-time
Hybrid
Senior Level
$87K/yr - $131K/yr
5+ years expColumbia Bank New Jersey is seeking a Sr. Commercial Credit Analyst I to conduct complex credit investigations and analyze credit information for commercial loans. The role involves preparing credit memorandums, providing guidance to junior analysts, and participating in annual credit file reviews and special projects.
BankingFinancial ServicesMortgage
Responsibilities
Develops and analyzes credit information for use by lending officers or committees in the making of lending decisions on new, renewal, or extension loans
Reviews all pertinent credit and financial information
Analyzes financial statements and related material
Prepares credit memorandum and determines credit-worthiness
Investigates all available sources of credit and financial information and reviews agency reports
Using a financial statement spreading program, prepares stand alone and global debt service calculations to determine the ability of the borrower and guarantors to pay the loan
Verifies that all financial covenants and conditions have been met
Ensures that Loan meets all policy and regulatory guidelines and policies
Performs annual file reviews
Studies cash flow trends, performs stress testing and industry analysis to assess if there are any areas of concern or if a grade change is necessary
Reports all recommendations for risk rating changes and justifications
Accompanies loan officers on customer meetings and site visits
Prepares talking points related to the operation of the customer’s business
Assists with the further development and training of other junior level credit analysts
Performs other duties as may be assigned
Qualification
Required
Bachelor's degree in Business Administration, Accounting, Finance, or other related field required
Minimum of five (5) years experience as a Commercial Credit Analyst
Working knowledge and understanding of commercial loan products, policies, procedures and federal regulations
Strong aptitude for figures and accuracy
Proven problem solving, decision making, underwriting and analytical skills
Demonstrated knowledge of applied accounting and finance concepts as well as proficiency in performing detailed financial analyses
Ability to work independently, effectively, and efficiently under time constraints
Ability to prioritize and manage multiple assignments with good organizational and time management skills
Excellent written and verbal communication skills
Demonstrated proficiency with computer software including MS Office applications and other specialized credit analysis and lending software
Benefits
Medical, Dental, Vision and Rx which are contributory.
Bonus programs.
Employee Stock Option Program (ESOP).
Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
Paid Time Off (PTO) which includes Personal and Vacation Time.
Paid Sick Time.
Bank Holidays.
Employees may participate in the 401k program.
Company
Columbia Bank New Jersey
Columbia Bank New Jersey is a bank that offers home mortgages and home equity loan services in New Jersey.
501-1000 employees
Funding
Current Stage
Public CompanyTotal Funding
unknown2018-04-23IPO
Leadership Team
P
Peter Michelotti
Vice President
Recent News
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