Associate Credit Officer

NBT Bank•City of Glens Falls, NY

10h•Onsite

About The Position

The Associate Credit Officer provides support to the Credit Officer in underwriting loans of moderate to higher complexity. This role involves joining credit officers and commercial banking officers on client and prospect calls across multiple markets. Key responsibilities include conducting due diligence, analyzing industry and company financial information, and preparing comprehensive financial analyses of borrowers and guarantors. The Associate Credit Officer is expected to document repayment capacity, including industry comparisons and projections, and prepare other materials necessary for loan approvals. The position requires strong judgment in loan structuring and the ability to effectively interact with clients.

Requirements

4 Year College degree, preferably in Finance or Accounting or equivalent education and experience
Minimum 5 years lending or credit experience
Strong verbal, writing and interpersonal skills
Excellent analytical, credit and underwriting skills
Sound organizational and time-management skills
Complete knowledge of commercial loan policy and appropriate federal and state regulations pertinent to commercial lending
Sound understanding of economics, commercial finance and accounting
Applicants must be authorized to work for any employer in the U.S.

Responsibilities

Prepares written analysis of loan requests providing a comprehensive financial analysis of the borrower and guarantors financial condition documenting repayment capacity, including industry comparisons and projections when necessary on loans of moderate to higher level of complexity.
Works independently and demonstrates good judgment based on knowledge and experience when preparing financial models and risk assessments.
Uses industry knowledge and experience to propose appropriate loan structures.
Conducts loan level stress analysis and is able to identify critical risk factors and propose appropriate loan structures and factors to mitigate credit risks.
Join credit officer and relationship managers on client and prospect calls and on period visits and meetings in person with teams in markets.
Participates in monthly pipeline reviews and assists to coordinate workflow with LOB and credit support.
Assist lending officers in preparing, completing and reviewing the materials necessary to present a loan request to Officer Loan Committee and the Board of Directors Loan Committee for approval.
Prepare reports to management and others using various system reports and miscellaneous data when needed, assist with portfolio administration within the Commercial Loan Division, and assist with training credit support and other staff members.
Spread tax returns, business and personal financial statements and prepare financial projections as appropriate.
Maintain awareness and working knowledge of loan policy and procedures, loan products, remains current on economic and market conditions, and accounting and regulatory changes.
Responsible to integrate new information effectively in work products.
Other duties as assigned.

Benefits

Generous Paid Time Off: At least 22 days annually, prorated in the year of hire (Full-Time Employees)
Parental Leave: Six weeks of paid leave at 100% of your salary (Full-Time Employees and Part-Time Employees Working 20+ Hours/Week)
Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants (Full-Time Employees and Part-Time Employees Working 20+ Hours/Week)
Dental and Vision Coverage: Ensuring your overall health and well-being (Full-Time Employees and Part-Time Employees Working 20+ Hours/Week)
Flexible Spending Accounts: For healthcare and dependent care expenses (Full-Time Employees)
Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage (Full-Time Employees)
Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage (Full-Time Employees)
Voluntary Benefits: Including hospital, accident, and critical illness coverage (Full-Time Employees and Part-Time Employees Working 20+ Hours/Week)
Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan to help secure your future (Full-Time Employees)
Adoption Assistance: Supporting your growing family (Full-Time Employees)
Tuition Reimbursement: Invest in your education and career growth (Full-Time Employees)
Employee Assistance Program (EAP): Access to support and resources (Full-Time Employees and All Part-Time Employees)
Pet Insurance: For all your furry friends (Full-Time Employees)
Financial and Banking Services: Various banking services benefits and financial planning assistance (Full-Time Employees and All Part-Time Employees)
Retirement Plans: Benefit from a 401(k) plan with employer matching, an optional Roth 401(k), and a pension plan for employees who work at least 1,000 hours in a calendar year, all designed to help secure your future (All Part-Time Employees)
Paid Sick and Safe Leave: For your health and safety (All Part-Time Employees)
Competitive salary, bonuses and a wide range of benefits for eligible employees (General)