COMMERCIAL CREDIT ANALYST - WATERFORD
About The Position
The Commercial Credit Analyst I works primarily with the Senior Credit Officer on credit analysis and underwriting for multifamily, commercial real estate, and commercial/business loans. The role evaluates loan feasibility and credit risk, checks loan packages for compliance with underwriting standards and lending policies, and prepares or reviews credit approval memorandums and related analyses for approval authorities. The analyst presents loan files and departmental recommendations to loan officers, the Senior Credit Officer, or lending authorities, and communicates material risks, discrepancies, and deviations. The position also underwrites bank retail-program loan packages, maintains communication with loan officers and customers about transaction status and documentation, and may assist with policies, procedures, quality control, loan review, and underwriting. Work is performed in a bank environment. Employees may encounter external elements at company events and may be required to work extended hours, including holidays, when these coincide with company events. The role regularly involves sitting, standing, walking, and maneuvering around the office, and may require lifting or moving up to 10 pounds.
Requirements
- At least two years of experience in banking, lending practices, or a related field.
- English and Spanish communication skills are required due to a high volume of Hispanic customers.
- Ability to work flexible hours according to department needs during peak periods.
Nice To Haves
- Working knowledge of nCino or Fiserv is preferred.
Responsibilities
- Underwrite and analyze commercial real estate, multifamily, and business loans to assess feasibility and credit risk.
- Ensure loan packages comply with credit and underwriting standards and lending and credit policies.
- Prepare and/or review credit approval memorandums, including credit analysis, collateral cash-flow analysis, debt-service coverage ratios, rent-roll and lease analysis, purchase contracts, and special loan conditions.
- Present loan files to the loan officer, Senior Credit Officer, or lending authority for discussion and conclusion, including departmental recommendations to Management and/or the Credit Committee.
- Inform the Senior Credit Officer of material risk factors, discrepancies, or deviations identified during memorandum preparation or review, underwriting, credit analysis, or due diligence.
- Underwrite and analyze bank retail-program loan packages by reviewing applications, corporate and personal financial statements and tax returns, appraisal reports, environmental reports, and supporting documentation.
- Communicate with loan officers and customers about transaction status, clarify discrepancies in customer accounts or instructions, and help resolve problems or concerns.
- May assist the Senior Credit Officer with loan policies and procedures, quality control, loan review, and underwriting.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
No Education Listed
