Credit Analyst - To 90K - Newark, NJ - Job 3852B
About The Position
The Symicor Group is recruiting for a bank client seeking a Credit Analyst in the Newark, New Jersey market. The role processes daily credit transactions in accordance with credit policies and procedures and maintains records and files for credit transactions, including related correspondence and documents. The position is not remote and offers a salary of up to $90,000 and a full benefits package. The Credit Analyst conducts financial analysis of prospective and active borrowing accounts, evaluates borrowers’ short- and long-term prospects, and supports loan decisions with recommendations and thorough documentation. The role also includes suggesting loan grades, ensuring analysis follows lending policy, and providing technical guidance and on-the-job training to other credit analysts.
Requirements
- Bachelor’s degree in a related field of study preferred, with specialized financial analysis training.
- Five or more years of experience as a Credit Analyst required.
- Experience preparing credit presentations.
- Ability to manage, process, and track annual reviews of necessary credits.
- Thorough knowledge of current lending and loan review regulations and banking regulations, procedures, and operations.
- Proficiency in analyzing and interpreting financial statements.
- Excellent written and verbal communication skills.
- Strong organizational skills and attention to detail.
- Ability to multitask.
- Proficiency with spreadsheet and word processing software and experience working in a digital office environment.
Responsibilities
- Perform in-depth financial analysis, including spreading and analyzing financial statements.
- Receive and review borrower information, including financial statements, tax returns, agency and credit reports, and interview and investigation sheets.
- Analyze data and evaluate the short- and long-term prospects of individuals or companies.
- Recommend whether loans should be granted or denied to appropriate personnel.
- Prepare information documenting recommendations when assigned to a lending function.
- Suggest a loan grade after completing a thorough credit analysis and documentation review.
- Ensure credit analysis activities comply with prescribed lending policy.
- Document financial analysis, including ratios, cash flow, collateral analysis, and related information.
- Accompany Commercial Lenders to customer meetings when needed.
- Provide leadership, on-the-job training, and technical guidance to other credit analysts.
- Perform other duties as assigned.
Benefits
- Full benefits package
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
