Credit Analyst - CBG

Bank of Hope•Fort Lee, NJ

13d•$29 - $31

About The Position

A corporate banking analyst supports relationship managers within the corporate banking division by conducting financial analysis of corporate clients, assessing credit risk, preparing credit packages, monitoring loans, and assisting with client acquisition and retention. The role helps manage the Bank’s exposure to corporate borrowers while facilitating new business opportunities. The Credit Analyst gathers and organizes client documents, spreads financial statements or tax returns, calculates financial ratios including debt coverage ratios under portfolio manager supervision, assists with loan closing and funding, and prepares and presents credit memos. The position monitors loan covenants and conditions, processes line advances, follows up on expired insurance, prepares internal reports and payments, and conducts supervised site visits and interviews. The role also analyzes borrower cash flow, liquidity, profitability, leverage, collateral values, and insurance coverage; prepares loan presentations identifying credit strengths and weaknesses; and recommends or denies requests in accordance with banking regulations and Bank policies. The Credit Analyst helps detect problem loans, maintains customer contact, supports loan officers and portfolio and relationship managers, and seeks opportunities to grow customer relationships. Occasional local travel may be required for client meetings. The position includes compliance with regulatory requirements and the Bank’s security program, community participation supporting CRA objectives, mentoring junior lending staff, and other assigned duties.

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.
Strong organizational and time-management skills and attention to detail.
Strong decision-making, interpersonal, and communication skills, including the ability to understand complex concepts clearly.
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 generate relevant financial ratios, including DCRs, under a portfolio manager’s supervision.
Assist with loan closing and funding, including obtaining signatures on loan documents according to Bank procedures.
Prepare simple or modestly complex credit memos and present them to the appropriate lending authority for approval.
Monitor loan covenants and conditions, report violations, and prepare memos concerning 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 G/L certification, and invoices.
Conduct site visits and on-site interviews under a portfolio manager’s supervision.
Analyze cash flow, liquidity, profitability, leverage, financial ratios, collateral values, insurance coverage, and other relevant credit information.
Prepare loan presentations that explain the overall loan risk and identify borrower and credit strengths and weaknesses.
Recommend or deny loan requests in accordance with banking regulations and Bank policies and procedures.
Gather documents to perfect security interests in collateral, when applicable.
Detect early warning signs of problem loans and promptly notify the appropriate supervisor or department.
Collect loan account and overdraft information; submit reports of calls made and document customer contact.
Meet customers regularly and seek opportunities to grow customer relationships.
Provide administrative support to loan officers, portfolio managers, and relationship managers.
Comply with applicable regulatory requirements, including Reg B, HMDA, Bank Secrecy Act, OFAC, USA Patriot Act, CRA, privacy, and security requirements.
Follow the Bank’s security program, use computer systems appropriately, stay current on security threats, and report suspicious activity to the appropriate manager or security officer.
Keep abreast of industry changes and local economic, financial, and legislative events affecting commercial lending.
Participate in community organizations or events to help the Bank meet its CRA objectives.
Mentor junior lending staff.
Assume additional reasonable duties as assigned.