Credit Analyst III - Middle Market

Provident Bank•Woodbridge Township, NJ

3d•$87,200 - $124,500•Hybrid

About The Position

The Credit Analyst III – Middle Market is responsible for performing detailed financial, industry, and credit analysis for complex Middle Market lending relationships. The incumbent is expected to have comprehensive knowledge of commercial credit underwriting, cash flow analysis, risk assessment, loan structuring, and credit policy with the ability to exercise independent judgment within established underwriting guidelines and credit policy. Credit Analyst III partners closely with Relationship Managers, Portfolio Managers, and Credit Officers to evaluate new credit opportunities, support existing customer relationships, and recommend appropriate credit structures. The incumbent is expected to mentor junior analysts, participate in customer meetings, and handle larger and more complex transactions involving multiple borrowing entities, sponsor-backed companies, and sophisticated capital structures.

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.