Special Assets Analyst

ConnectOne Bank•Englewood Cliffs, NJ

just now•Hybrid

About The Position

The Special Assets Analyst assists with the written analysis of loans in the Bank’s portfolio, and identifies policy exceptions and other credit issues in order to identify and protect the asset quality of the Bank’s commercial loans.

Requirements

Knowledge of relevant Federal and State banking regulations.
Working knowledge of basic accounting principles and credit concepts.
Basic knowledge of loan types and loan structures.
Good understanding of basic loan documentation and general banking principles.
Good organizational skills, with the ability to multitask efficiently.
Strong attention to detail.
Strong “People First” interest and ability.

Nice To Haves

Working knowledge of Google applications and products is preferred.
Working knowledge of the nCino platform is helpful, but not required.
Familiarity with Bank security and safety practices preferred.

Responsibilities

Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”.
Assist with all aspects of preparing credit analyses for loans including financial statement analysis, collateral analysis, risk rating recommendations, trend analysis, and identifying the credit’s strengths and weaknesses.
Assist in the preparation of written recommendations as to whether loans should be maintained as booked; provide alternate loan structure recommendations as appropriate.
Prepare financial statement spreadsheets including a measurement of various financial ratio trends.
Develop workout strategies; make necessary judgments to protect the bank's interest and achieve maximum recovery.
Review and assess the potential impact of borrower bankruptcy filings to ensure protection of the bank's position as a creditor.
Assist with the completion of annual loan reviews and semi-annual criticized loans monitoring reports (CLMRs) as required.

Benefits

World class health, vision, and dental benefits on day one
401k with employer match
Hybrid work from home (depending on role)
Employee appreciation events (team building, softball games, food truck days, etc..)
Employee assistance programs (EAP)
Wellness programs (flu shot, preventive care, health programs and services discounts, etc..)
Tuition reimbursement
Employee Discount perks
CNOB Community Service Events
….and much, much more!