Credit Analyst III - Middle Market

Provident Bank•Iselin, NJ

1d•Hybrid

About The Position

Provident Bank is seeking a Credit Analyst III - Middle Market to perform detailed financial, industry, and credit analysis for complex Middle Market lending relationships. This role requires comprehensive knowledge of commercial credit underwriting, cash flow analysis, risk assessment, loan structuring, and credit policy, with the ability to exercise independent judgment. The Credit Analyst III will partner with Relationship Managers, Portfolio Managers, and Credit Officers to evaluate new credit opportunities, support existing customer relationships, and recommend appropriate credit structures. This position also involves mentoring junior analysts, participating in customer meetings, and handling larger, more complex transactions.

Requirements

Bachelor's Degree in Finance, Accounting, Economics, or related field.
Minimum 5 years of commercial credit underwriting experience, preferably within Middle Market Banking.
Strong understanding of commercial loan structures and commercial credit analysis.
Experience underwriting Middle Market relationships with complex organizational structures and multiple borrowing entities.
Advanced financial statement spreading and cash flow analysis skills.
Strong knowledge of: EBITDA and cash flow analysis, Debt Service Coverage, Fixed Charge Coverage, Leverage analysis, Liquidity analysis, Borrowing Base structures, Covenant compliance monitoring.
Ability to identify credit risks and recommend appropriate mitigants and structures.
Strong understanding of accounting principles and financial statement analysis.
Experience with commercial loan origination and spreading systems.
Excellent verbal and written communication skills.
Ability to prioritize multiple transactions and manage competing deadlines.
Ability to effectively communicate credit recommendations to lending and credit leadership.
Demonstrated ability to mentor junior analysts.

Nice To Haves

MBA, CFA, or demonstrated advanced credit training.
Experience underwriting Middle Market relationships with revenues generally exceeding $10 million.
Experience with sponsor-backed transactions.
Previous experience in commercial banking, middle market banking, or corporate banking environments.

Responsibilities

Prepare comprehensive credit approval memorandums, annual reviews, modifications, renewals, and extensions for Middle Market lending relationships.
Analyze borrower and guarantor financial statements, tax returns, cash flow performance, collateral support, liquidity, leverage, and repayment capacity.
Evaluate complex credit structures, including revolving lines of credit, term loans, acquisition financing, working capital facilities, and owner-occupied real estate exposures.
Perform detailed cash flow analysis, including global debt service coverage, fixed charge coverage, leverage analysis, and covenant compliance.
Analyze accounts receivable aging reports, accounts payable aging reports, borrowing base certificates, inventory reports, and working capital cycles.
Assess industry trends, market conditions, competitive risks, management experience, and business performance.
Identify credit strengths, weaknesses, risks, mitigants, and recommended loan structures.
Participate in customer, prospect, and relationship review meetings with Relationship Managers and Portfolio Managers.
Present underwriting recommendations and credit opinions to management and approval authorities.
Monitor existing credits and identify emerging risks requiring management attention.
Conduct third-party research, including credit reports, industry reports, market analysis, and other due diligence resources.
Assist in training and mentoring Credit Analyst I and II team members.
Complete special projects and portfolio reviews as assigned.