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Job Title: Credit Analyst III, AT
Location: Lakewood, New Jersey
Position Overview: The Credit Analyst III, AT is responsible for performing credit analysis to evaluate the creditworthiness of individuals and businesses for complex commercial loan requests. The role involves coordinating work within the department and with other departments, assisting with training and mentoring new and entry-level credit analysts, and ensuring compliance with operating policies and procedures established for the credit analysis function.
Basic Qualifications:
Education/Training: Bachelor’s degree in Accounting, Finance, or a related field is required. Specialized bank lending education/training is necessary.
Skills:
- Intermediate to advanced commercial real estate underwriting skills and experience
- Proficient in English (reading, writing, grammar) and mathematics
- Ability to manage a moderate workload consistently with limited oversight
- Attention to detail and ability to work under strict time requirements
- Proficient interpersonal relations, communication, and advanced organizational skills
- Intermediate to advanced financial analysis skills
- Proficient in PC skills, including Microsoft Office, and ability to learn specific financial software
- Thorough knowledge of current related regulations
- Ability to train and/or mentor new credit administration personnel
Experience:
- A minimum of three to five years of commercial credit underwriting experience, including commercial real estate and C&I lending-related experience
- SBA and non-profit underwriting experience preferred
General Responsibilities:
- Perform credit analysis on more complex credits to evaluate the creditworthiness of individuals and businesses
- Coordinate work within the department and with other departments
- Assist with training and mentoring new and entry-level credit analysts
- Comply with operating policies and procedures established for credit analysis
- Communicate with appropriate personnel and respond to inquiries or requests for information
- Maintain appropriate records and provide assigned reports
Essential Duties:
- Receive applications and related financial data on prospective and active borrowing accounts
- Analyse data and evaluate the short- and long-run prospects of individuals or businesses
- Ensure all credit analysis activities are conducted per the prescribed lending policy
- Prepare necessary cash flow analysis and generate financial ratios
- Document all financial analysis work thoroughly
- Make recommendations on the structure of credits and the granting or denying of loans
- Evaluate customer records and recommend repayment options
- Review customer files to identify and select delinquent accounts for collection
- Compare liquidity, profitability, and credit histories of establishments being evaluated
- Evaluate data and information contained in third-party reports and documents
- Prepare written compilations of analysis for review and presentation
- Confer with credit associations and other business representatives to exchange credit information
- Consult with customers to verify financial and credit transactions and resolve complaints
- Manage and process multiple credit requests of varying complexity
- Review, update, and evaluate existing loan customer relationships
Ancillary Duties:
- Perform tasks supportive of the essential functions of the job
Equipment/Machines:
- Telephone
- PC/Computer keyboard
- Printer
- Copy machine
- Fax machine
- Scanner
- Calculator
