Credit Analyst II

Unity Bank•Clinton, NJ

7d•$83,234 - $112,610

About The Position

Responsible for the quantitative and qualitative analysis of applicants' requests for commercial loans. The incumbent will assess the character, capacity, capital, collateral, and conditions of loan requests and will prepare the credit proposal packages recommending the appropriate product and loan structure to manage credit risk.

Requirements

Strict attention to details and thoroughness in the completion of job duties.
Thorough analysis of information and use of logic to address complexity of date and information.
Bachelor's degree in accounting, finance, business, or related field, or equivalent years of relevant work experience in credit administration.
Three - five years of experience in a financial institution's commercial loan department.
Intermediate knowledge of credit underwriting concepts.
Fundamental knowledge of accounting, finance, and economic principals.
Excellent oral and written communication skills.
Excellent computer skills in a Microsoft Windows environment including proficiency in Microsoft Word, Excel, Outlook and PowerPoint.
High reasoning skills including the ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to read, analyze, and interpret financial statements, collateral, cash flow, projections, personal financial statements, tax returns, and varying balance sheet and income statement ratios.
Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, and percentages. Ability to apply concepts of basic algebra.
Ability to read, analyze, and interpret legal documents, governmental regulations, and professional publications.
Ability to effectively present information and respond to inquiries from groups of managers, employees, vendors, government agents, and the general public.
Ability to write reports and business correspondence.
Ability to work independently with little supervision.

Nice To Haves

Credit trained preferred
Knowledge of the SBA program preferred

Responsibilities

Analyze customer financial condition.
Assist with loan packages from the time it enters underwriting until the approval is complete and file is sent to the closing department.
Make a credit recommendation based on credit findings.
Assist relationship managers with loan committee presentations.
Minimize risk by establishing appropriate credit terms and conditions.
Analyze paying habits of customers who are delinquent in payment of bills and recommends action.
Provide excellent customer service and develop relationships with internal/external customers, vendors and COI's.
Participate in department projects and take an active role in cross-functional teams to assist in driving quality improvements, processes, and initiatives.
Actively participates in and communicates with members of the credit administration and other bank departments.
Complete loan write-ups for new loans and renewals.
Order reports such as Credit Bureau reports, appraisals, environmental reports, and D&B's.
Complete memos for changes in approvals and other pertinent issues.
Prepare commitment letters for newly approved loans.
Be a mentor to level 1 credit analysts.
Participate in process improvement projects.