Provident Bank · 1 week ago
Credit Analyst III - C&I
Morristown, NJ
Full-time
Onsite
Senior Level
$74K/yr - $105K/yr
5+ years expProvident Bank is a highly regarded financial institution with deep community roots, seeking a Credit Analyst III for their Commercial Credit Underwriting team. The role involves detailed credit analysis, preparing loan approvals, and assisting Commercial Loan Officers, while also mentoring junior analysts.
Financial Services
Responsibilities
Prepare loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans
Prepare and spread business financial statements and cash flows, in addition to personal financial statements and cash flow for personal guarantors. Verify covenant compliance. Conduct analysis on accounts receivable and accounts payable aging reports, work in progress reports, and borrowing base certificates
Accompany Commercial Loan Officers on customer and prospect calls. Participate in discussions with management regarding creditworthiness of proposed loan requests
Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc
Prepares reports and handles special assignments as warranted
Subject to business needs may have supervisory and mentorship responsibilities for junior Credit Analysts
Qualification
Required
Bachelor's degree in Finance, Accounting or Economics
Minimum 5 years in Commercial credit underwriting
Thorough knowledge of underwriting, credit analysis and commercial loan structure
Strong analytical skills with ability to identify strengths and mitigate risks
Knowledge of commercial real estate lending (investment and owner-occupied)
Proficient in Commercial & Industrial lending including debt service coverage, cash flow, A/R and A/P, WIP, and Borrowing Base Certificates
Strong computer skills, inclusive of experience with loan origination software and MS Office applications (specifically MS Word and Excel)
Strong verbal and written communication
Ability to prioritize multiple projects and complete them on time
Ability to conduct meetings, meet with customers, effectively present information and respond to questions from peers, auditors and various levels of management
Sound comprehension of accounting practices, inclusive of balance sheets, income statements, equity reconciliation, and cash flows
Credit underwriting confidence for the ability to mentor and train Credit Analyst I & II
Preferred
MBA
Benefits
Paid time-off (PTO)
Holiday (PTO)
Health and Wellness benefits including Medical, Dental and Vision Plans
Flexible and Health Savings Accounts
401(k) Retirement Plan
Disability Insurance
Employee Assistance Program
Basic Life Insurance
Tuition Disbursement and Loan Repayment programs
Supplemental Life Insurance
Accident
Critical Illness
Hospital Indemnity
Legal plans
Company
Provident Bank
Provident Bank is the wholly owned subsidiary of Provident Financial Services, Inc.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
Maheshkumar Kandasamy
SVP, Enterprise Architecture Director
Scott Hurlbert
SVP, Digital Channels Director
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