Commercial Credit Associate

Valley Bank•Morristown, NJ

12h

About The Position

The Commercial Credit Associate participates in a credit training program, with proficiency evaluated through graded case work and testing. Training requirements, assigned tasks, and performance expectations must be met to proceed in the program. The role prepares basic credit packages for new loan requests and extensions, modifications, and renewals of existing loan facilities. It analyzes business and personal financial information, repayment ability, collateral coverage, and industry and market trends to identify credit risks. The associate also prepares loan offerings and related credit-package forms, reports credit policy and underwriting experience, completes underwriting requests within expected timeframes, and follows credit policies and department procedures.

Requirements

Strong analytical abilities and problem-solving skills.
Strong organizational skills and attention to detail.
Excellent written and verbal communication skills, including the ability to express ideas and convey technical information.
Proficiency in Microsoft Word and Excel and in 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 meet deadlines.
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; Business, Accounting, or Finance is preferred.

Nice To Haves

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

Responsibilities

Participate in credit training classes and meet training requirements, assigned tasks, and performance expectations; proficiency is evaluated through graded case work and testing.
Prepare basic credit packages, including credit analysis for extensions, modifications, and renewals of existing loan facilities and new loan requests.
Spread business financial statements using the Baker Hill/One Point system.
Analyze a company's operating performance and financial condition to understand business trends and identify credit risks.
Conduct cash flow analysis to evaluate loan repayment ability.
Spread and analyze personal financial statements to evaluate personal liquidity, personal debt levels, and contingencies.
Assess collateral coverage.
Perform industry and market analysis to identify trends and risks.
Prepare loan offerings and related forms for credit packages.
Identify and report credit policy and underwriting experience.
Complete underwriting requests within expected timeframes and meet assignment deadlines.
Understand credit policies and follow department procedures.