Commercial Credit Analyst - Waterford
About The Position
The Commercial Credit Analyst I works with the Senior Credit Officer primarily on credit analysis and underwriting of multifamily, commercial real estate, and commercial/business loans. The role evaluates loan feasibility and credit risk, verifies compliance with underwriting standards and lending policies, prepares and reviews credit approval memorandums, and presents loan files for discussion and approval. The analyst also underwrites bank retail-program loan packages, maintains communication with loan officers and customers, and may support credit policies, quality control, loan review, and underwriting matters. This position has no supervisory responsibilities. Work is performed in a bank environment. Employees may encounter external elements while representing the corporation at events and may be required to work extended hours, including holidays, if they coincide with a company event. The job 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 or 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 times.
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 recommendations to Management and/or the Credit Committee.
- Inform the Senior Credit Officer of material risk factors, discrepancies, or deviations discovered while preparing or reviewing credit approval memorandums, underwriting, credit analysis, and due diligence.
- Underwrite and analyze retail-program loan packages by reviewing applications, corporate and personal financial statements and tax returns, appraisal reports, environmental reports, and other supporting information.
- Communicate with loan officers and customers about transaction status, clarify discrepancies in customer accounts or instructions, and 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
