COMMERCIAL CREDIT ANALYST II - WATERFORD

First BanCorp • Río Piedras, PR

21d

About The Position

Commercial Credit Analyst II
Job Summary:

Responsible for working with the Senior Credit Officer primarily on credit analysis and underwriting of the following loans: Multifamily, Commercial Real Estate and Commercial/Business loans.

Requirements

• Minimum two years' experience of banking/lending practices or related field
• English/Spanish communication required due to high volume of Hispanic customers
• Able to work flexible hours according to department needs during peak time

Responsibilities

• Responsible for the underwriting and credit analysis of commercial real estate (CRE), multifamily and business loans to determine feasibility and credit risk of granting loans.
• Assure that the loan package complies with credit, underwriting standards and lending/credit policies.
• Prepare and/or review the completion of credit approval memorandums (CAM's), includin_g credit analysis, collateral cash flow analysis, debt service coverage ratios, rent roll and lease analysis, purchase contract and loan special conditions to present to the representative approval authority committee.
• Present loan file to the loan officer, senior credit officer or lending authority for discussion and conclusion including the department recommendation to Management and/or Credit Committee. The underwriter must inform the Senior Credit Officer of any material risk factors, discrepancies or deviations discovered during the preparation and/or review of the CAM, its underwriting, credit analysis and due-diligence.
• Underwrite and analyze loan packages of bank (retail) programs by evaluating and reviewing loan application, corporate and personal financial statements, corporate and personal tax return, appraisal reports, environmental reports and other related loan information and supporting documentation.
• Maintain ongoing communication with the loan officer and customer to provide information on transaction status, clarify any discrepancies with the customers' account or instructions; resolve problems, concerns/doubts.
• May assist Senior Credit Officer with loan policies and procedures, quality control matters, loan review and underwriting.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed