Credit Analyst - CBG

Bank of Hope•Fort Lee, NJ

13d

About The Position

The Credit Analyst supports relationship managers, portfolio managers, and loan officers in the corporate banking division. The role analyzes corporate borrowers’ financial condition and credit risks, prepares credit memos and loan presentations, monitors existing loans, supports loan processing and closing, and helps acquire and retain customer relationships. The analyst may recommend or deny loan requests in accordance with banking regulations and the Bank’s lending policies and procedures. The position also supports compliance, loan administration, customer contact, and community engagement. It requires occasional local travel, including possible participation in client meetings with Relationship Managers, and may include mentoring junior lending staff. Other reasonable duties may be assigned.

Requirements

Bachelor’s degree in Accounting, Business Administration, Finance, or related equivalent experience.
Proficient computer skills using Microsoft Word, Excel, and Outlook.
Self-motivated and self-disciplined, with the ability to work effectively with little supervision.
Excellent organizational and time-management skills and attention to detail.
Strong decision-making, interpersonal, and communication skills, including the ability to clearly understand complex concepts.
Good analytical ability.
Good verbal and written communication skills.

Responsibilities

Collect client documents and maintain organized credit files.
Spread financial statements or tax returns and calculate relevant financial ratios, including debt coverage ratios, under portfolio manager supervision.
Assist with loan closing and funding, including obtaining signatures on loan documents according to Bank procedures.
Prepare credit memos of simple or minor complexity and present them to the appropriate lending authority for approval.
Monitor loan covenants and conditions, report violations, and prepare credit memos regarding violations, modifications, and cash-secured loans.
Process daily line advances for lines of credit and follow up on expired insurance policies.
Prepare internal reports and payments, including LAR, monthly general ledger certification, and invoices.
Conduct site visits and on-site interviews under portfolio manager supervision.
Provide administrative support to loan officers, portfolio managers, and relationship managers.
Seek opportunities to grow customer relationships, meet customers regularly, and submit reports of calls made and document customer contact.
Analyze cash flow, liquidity, profitability, leverage, financial ratios, collateral values, insurance coverage, and other relevant credit information.
Prepare loan presentations describing pertinent loan risk information and borrower strengths and weaknesses.
Gather documents to perfect security interests in collateral, when applicable.
Detect early warning signs of problem loans and promptly notify a supervisor, Chief Credit Administrator, Loan Review, or Loan Servicing.
Collect loan account and overdraft information.
Comply with applicable regulatory requirements, including Reg B, HMDA, the Bank Secrecy Act, OFAC, the USA Patriot Act, CRA, privacy, and security requirements.
Follow the Bank’s security program, review and comply with the End-User Computing Agreement, maintain knowledge of relevant computer systems and security threats, and report suspicious activities to a manager, Chief Risk Officer, or Information Security Officer.
Keep abreast of industry trends and local economic, financial, and legislative events that may affect commercial lending.
Mentor junior lending staff.
Participate in community organizations or events to help the Bank meet its CRA objectives.
Assume additional duties as requested.