Associate Credit Officer

NBT Bank•Utica, NY

About The Position

Provides support to the Credit Officer underwriting loans with moderate and higher level complexity. Joins credit officer and commercial banking officers on client and prospect calls in multiple markets. Completes due diligence and analyzes industry and company financial information. Prepares spreads, written analysis and underwriting documents providing a comprehensive financial analysis of the borrower and guarantor’s financial condition documenting repayment capacity, including industry comparisons and projections when necessary, LAR, and other materials supporting loan approvals as needed. Demonstrates strong judgment in loan structuring and recommendations for approval and an ability to interact effectively with clients. Education and Experience: 4 Year College degree, preferably in Finance or Accounting or equivalent education and experience Minimum 5 years lending or credit experience Skills and Abilities: 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 .

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

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.
Parental Leave: Six weeks of paid leave at 100% of your salary.
Comprehensive Medical Coverage: Includes employer contributions to HSA for High Deductible Health Plan participants.
Dental and Vision Coverage: Ensuring your overall health and well-being.
Flexible Spending Accounts: For healthcare and dependent care expenses.
Employer-Paid Disability Coverage: Both short-term and long-term, with an option to purchase additional long-term coverage.
Life Insurance: Employer-paid basic life insurance, with an option to purchase supplemental coverage.
Voluntary Benefits: Including hospital, accident, and critical illness coverage.
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.
Adoption Assistance: Supporting your growing family.
Tuition Reimbursement: Invest in your education and career growth.
Employee Assistance Program (EAP): Access to support and resources.
Pet Insurance: For all your furry friends.
Financial and Banking Services: Various banking services benefits and financial planning assistance.