Commercial Credit Associate

Valley Bank•Morristown, NJ

19h

About The Position

This role involves participating in credit training classes where proficiency is evaluated through graded casework and testing. Trainees must meet training requirements, assigned tasks, and performance expectations to progress. The associate will prepare basic credit packages, including credit analysis for extensions, modifications, and renewals of existing loan facilities, as well as new loan requests. Responsibilities include spreading business financial statements using the Baker Hill/One Point system, analyzing operating performance and financial condition to understand business trends and identify credit risks, and conducting cash flow analysis to evaluate loan repayment ability. The role also involves spreading and analyzing personal financial statements to assess personal liquidity, debt levels, and contingencies, assessing collateral coverage, and performing industry/market analysis to identify trends and risks. Additionally, the associate will prepare loan offerings and related forms for the credit package, identify and report credit policy and underwriting experience, and complete underwriting requests within expected timeframes to meet assignment deadlines. A strong understanding of credit policies and adherence to department procedures are essential.

Requirements

Strong analytical abilities and problem solving skills.
Strong organizational skills with attention to detail.
Excellent communication skills; express ideas and convey technical information in writing and verbally.
Proficient in Microsoft Word and Excel and performing internet searches.
Basic math skills including the ability to compute ratios.
Ability to work in a fast paced environment and move quickly through assignments to ensure deadlines are met.
Ability to work effectively with individuals and groups to manage internal and external customer relationships.
Ability to read, interpret, and comprehend policies, procedures, and training materials.
Bachelor's Degree in a related discipline preferably in Business, Accounting, or Finance.

Nice To Haves

Completion of at least two college level accounting classes and one college level finance class preferred.
Minimum 3.0 GPA preferred.
Completion of a business related internship preferred.

Responsibilities

Participates in credit training classes with proficiency evaluated through graded case work and testing. Training requirements, assigned tasks, and performance expectations must be met to proceed in the program.
Prepares basic credit packages including credit analysis for extensions, modifications, and renewals of existing loan facilities and new loan requests.
Spreads business financial statements using the Baker Hill/One Point system.
Analyzes a company's operating performance and financial condition to understand business trends and to identify credit risks.
Conducts cash flow analysis to evaluate loan repayment ability.
Spreads and analyzes personal financial statements to evaluate personal liquidity, personal debt levels, and contingencies.
Assesses collateral coverage.
Performs industry/market analysis to identify industry trends and risks.
Prepares loan offering and related forms for the credit package.
Identifies and reports credit policy and underwriting experience.
Completes underwriting requests within expected timeframes to meet assignment deadlines.
Understands credit policies and is able to follow department procedures.