Credit Analyst - To 90K - Newark, NJ - Job 3852B

The Symicor Group•Newark, NJ

1d•$90,000•Onsite

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 policy and procedures and maintains records and files for credit transactions, including correspondence and supporting documents. The position is onsite, is not remote, and offers a salary of up to $90,000 with a full benefits package. The Credit Analyst conducts financial analysis of prospective and active borrowing accounts, evaluates borrowers’ short- and long-term prospects, and makes or supports recommendations on loan decisions and grades. The role documents analysis and recommendations, ensures compliance with lending policy, and may accompany Commercial Lenders at customer meetings. It also includes providing technical guidance and on-the-job training to other credit analysts, along with other assigned duties.

Requirements

Five or more years of experience as a Credit Analyst.
Experience preparing credit presentations.
Ability to manage, process, and track annual reviews of necessary credits.
Thorough knowledge of current lending, loan review, 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.

Nice To Haves

Bachelor’s degree in a related field of study is preferred.
Specialized financial analysis training is preferred.

Responsibilities

Perform in-depth financial analysis, including spreading and analyzing financial statements.
Receive and review information on prospective and active borrowing accounts, 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.
Make recommendations to appropriate personnel on whether to grant or deny loans.
Prepare sufficient information to document recommendations when assigned to a lending function.
Suggest a loan grade after conducting a thorough credit analysis and documentation review.
Ensure credit analysis activities comply with prescribed lending policy.
Document financial analysis work thoroughly, including ratios, cash flow, collateral analysis, and related information.
Accompany Commercial Lenders on customer meetings when needed.
Provide leadership, on-the-job training, and technical guidance to other credit analysts.
Perform other assigned duties.