Credit Analyst - NY

Popular•New York, NY

9d•$105,000 - $115,000•Hybrid

About The Position

We are looking for a Commercial Credit Analyst to join our Commercial Banking Team in New York, NY. In this position you will be responsible for the support of quality loan origination, analysis, processing and reporting of the full assessment of credits and timely completion of C&I and CRE credit analyses associated with Commercial Banking, Business Banking and Middle Market loans.

Requirements

Thorough knowledge of accounting and legal principles underlying the bank’s documents.
Bachelor’s Degree in Accounting or Finance combined with a minimum 3 years related experience.
Computer literate; fluency in Microsoft Office programs, Excel analysis required
Ability to establish and maintain effective work relationships both internally and externally.
Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time.

Nice To Haves

The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary.

Responsibilities

Prepare written credit memorandums on all new loans, renewals, extension and modifications relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, industry analysis, and collateral and loan structures with opinions as to credit worthiness.
Gathering information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, appraisers, professional firms or individuals and in-house information on borrowers relative to loan amount, activity, and profitability and affiliate relationships.
Assist in portfolio management activities such as completing Annual Financial Updates and Loan Management Reports on existing borrowers.
Order and review third party reports such as real estate appraisals.
Spreading financial statements through the use of computerized financial software program and analyze reports produced by the system for preparation of written reviews.
Accompany account officers on calls to develop more information on the companies being analyzed and better assess the risks associated with the credit.
Monitor the loan compliance on existing customer accounts.
Regularly track the stages of active and pending loans.
Analyze loans highlighting any problems or questions and writing the final credit analysis.