Credit Analyst

Njeda•Trenton, NJ

7d•$61,600 - $65,450•Hybrid

About The Position

Analyze and evaluate commercial loan, incentive, and real estate underwriting applications to support NJEDA’s mission of fostering economic growth while minimizing credit risk. Structure and recommend credit arrangements, ensuring compliance with internal policies, statutory requirements, and industry standards. Excel in a fast-paced environment by demonstrating strong analytical, organizational, and communication skills, with the ability to manage multiple priorities and interact effectively with both internal and external stakeholders. $61,600 - $65,450 Note: The NJEDA currently offers a hybrid work schedule for up to 2 days of telecommute work from home. To participate, you will be required to have high speed home internet access and a managers approval. This program does not supersede the "New Jersey First Act", which requires newly hired NJEDA employees to establish and then maintain, principal residence in the State of New Jersey.

Requirements

Understanding of GAAP, income, balance sheet and cash flow statements and personal net worth statements and tax returns
Ability to understand sound lending and underwriting principles, industry standards and regulatory compliance
Ability to understand loan approval procedures, closing and disbursement processes
Ability to understand loan documentation, appraisals, environmental reports, NJEDA loan policy and procedure manual
Ability to prioritize workload, must be highly organized, detail-oriented, handle various tasks simultaneously and function effectively under pressure
Excellent interpersonal and negotiating skills when dealing with external business professionals and NJEDA staff
Ability to communicate effectively both verbally and in writing; proficient in grammar, spelling and editing; and foster communications with business professionals and EDA staff
Must be able to maintain confidentiality and deal effectively and diplomatically with business professionals and EDA staff
Demonstrates respectful behavior and promotes teamwork and communication to encourage an interactive, cooperative, collaborative and customer focused work environment among division, EDA staff and external customers
Must possess advanced Microsoft Office suite, Moody’s Financial Analyst and database skills and have the ability to learn new software programs. Advanced Microsoft Office, Moody’s Financial Analyst, database skills the ability to learn new software packages
Demonstrate strong analytical and critical thinking abilities with attention to detail.
Exhibit excellent verbal and written communication skills, including the ability to prepare clear, concise reports and interact professionally with applicants and colleagues.
Show high levels of organization, time management, and the ability to prioritize multiple tasks in a deadline-driven environment.
Maintain confidentiality and exercise sound judgment in handling sensitive information.
Promote teamwork, respect, and a customer-focused approach in all interactions.
Adapt to changes in the work environment and manage competing demands effectively.
Bachelor’s Degree in Accounting, Finance or Business Administration and/or equivalent professional experience
NJEDA utilizes Microsoft as the core application platform and proficiency in the Microsoft Office Suite is preferred.
Staff are required to possess a driver's license valid in New Jersey only if the operation of a vehicle, rather than employee mobility, is necessary to perform the essentials duties of the position.
Must comply with the “New Jersey First Act” which requires employees hired after September 1, 2011, to reside in New Jersey.
Non-New Jersey resident employees must relocate to New Jersey within one year of their date of hire and provide proof of residency to Human Resources.
Must complete an Outside Activity Questionnaire (disclosure of outside office or employment) on an annual basis.
Must review the required NJ State Ethics Guidelines found on the state website.
Selected candidates must be authorized to work in the United States per the Department of Homeland Security, United States Citizenship and Immigration Services regulations.
Foreign degrees/transcripts must be evaluated by a reputable evaluation service at your own expense and must be submitted prior to a start date.

Nice To Haves

Financial analysis coursework preferred.
Experience in a financial environment through college internship, cooperative work or similar programs.
Advanced degree or industry specific certification may be substituted for 1 year of experience

Responsibilities

Review and analyze loan, incentive, and real estate underwriting applications for completeness and accuracy, including financial statements, cash flow, collateral, and compliance with program guidelines.
Conduct applicant interviews to gather business, financial, and operational information; negotiate loan terms and conditions as needed.
Prepare detailed credit memoranda and recommendations for approval, ensuring all documentation meets NJEDA standards and regulatory requirements.
Participate in special projects related to new product development, process improvement, and cross-departmental initiatives to enhance underwriting efficiency and effectiveness.
Support the implementation of new underwriting programs and contribute to the development of policies and procedures.
Achieve timely and accurate completion of credit analyses and recommendations, meeting established turnaround times and quality benchmarks.
Maintain a high level of compliance with NJEDA policies, statutory requirements, and audit standards, as measured by internal reviews and external audits.
Work closely with colleagues in Credit and Finance, Economic Transformation, Community & Business Development, Closing Services, Legal, and other departments to ensure seamless processing and closing of transactions.
Foster a collaborative and customer-focused work environment by actively participating in team meetings and cross-functional projects.
Report directly to the Vice President, Credit and Finance or designated supervisor within the Credit and Finance department.
Operate with moderate independence, escalating complex or high-risk matters to senior staff or management as appropriate.