Credit Analyst I

Provident Bank•Oak Ridge, NJ

5d•Onsite

About The Position

Under direction from peers and manager, this position is responsible for completing the various Credit Underwriting training courses/exercises to gain hands-on experience in credit analysis, risk assessment, customer relationship strategies, detailed industry research, financial spreading, short term extensions, and various special projects. The Credit Analyst I will participate in training sessions (both provided internally and externally) on credit analysis, risk management, industry assessments, and various financial tools. This is an entry level position that will assist the various Commercial Credit Underwriting teams (both CRE and C&I) with annual reviews, financial spreading, and small renewals or modifications that assists with any overflow of the entire department. The incumbent will also provide administrative support to the Credit Administration team, including data research and entry, and special projects and initiatives, as warranted. The expectation is for this individual to have a foundation built to grow in experience and the ability to exercise independent judgment within established Underwriting Guidelines and Credit Policy.

Requirements

Bachelor’s degree in with a preferred concentration in Finance, Accounting or Economics.
0 - 3 years in banking, finance, or accounting.
Basic understanding of the financial world.
Good grasp of accounting.
Computer skills.
Strong verbal and written communicative and analytical skills.

Responsibilities

Participate in the various training classes and opportunities to learn about the Bank’s Credit Culture and Risk Management approach.
Prepare and spread business financial statements and cash flows, in addition to personal financial statements and cash flow for personal guarantors.
Prepare small loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans.
Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc.
Shadow and train with peers and management to enhance overall commercial credit skills
Provide administrative support to the Credit Administration team, including data research and entry, and special projects and initiatives, as warranted.