Credit Analyst

IDBNY•New York, NY

7d•$70,000 - $90,000•Hybrid

About The Position

In this role, you'll support the origination and portfolio management of commercial loans. The position offers the chance to deepen your knowledge and advance your career within an entrepreneurial institution.

Requirements

Bachelor's degree in finance, accounting, or economics, or related field; candidates with alternate education and compensating work experience considered.
Expert in all Microsoft Office applications, with a high overall aptitude for adopting and leveraging technology tools, including AI solutions.
Superior verbal and written communication skills.
Ability to both self-direct in independent assignments and work collaboratively in a team environment.
Available to accommodate variable workloads and extended hours when necessary.
Able to travel domestically on occasion (expected <10% time allocated to travel).
Highly motivated with a strong desire to learn new skills and expand responsibilities
Minimum of 2 years’ relevant work experience required

Nice To Haves

Completion of a formal credit training program preferred.
3 – 5 years strongly preferred.
Experienced users of CreditLens, Stucky, Salesforce, LoanIQ, Argus, REIS, and/or LexisNexis strongly preferred

Responsibilities

Provide analyst coverage for assigned business unit(s), which may include Commercial Real Estate, Healthcare, Middle Market C&I, Asset Based Lending, Private Banking, and Leveraged Finance.
Support the origination of new loans by analyzing and spreading financial statements, completing borrower and guarantor due diligence, assessing market conditions and comparables, and preparing screening memorandums.
Assist underwriters in the completion of comprehensive investment committee presentations. Identify credit risk factors and transaction strengths, utilizing findings to complete risk rating and profitability calculations. Analyze sponsor and/or guarantor financial wherewithal, including the completion of global cash flow analyses.
Work closely with Portfolio Management and the Bank’s customers to maintain borrower compliance. Complete monthly, quarterly, and annual monitoring requirements in a timely fashion.
Ensure digital and physical loan files remain appropriately organized.
Complete regular reporting requirements to support internal and external audit activity.
Develop and maintain procedures, process maps, job aides, and templates to improve transparency and cross-functional collaboration within the Bank.
Participate and/or lead assigned continuous improvement projects and initiatives