COMMERCIAL CREDIT ANALYST - CORPORATE BANKING - FIRSTBANK PR

FirstBank Florida; San Juan (PR); On-site; USD 70,000 - 90,000; Full time

Job summary

FirstBank PR in Puerto Rico seeks a Commercial Credit Analyst to evaluate borrower creditworthiness, structure facilities, and perform periodic reviews in a Corporate Banking setting.

The role requires at least two years in financial services, fluency in English and Spanish, and strong analytical and communication skills; MBA is preferred. You will maintain portfolio data and ensure compliance with bank policies and regulatory requirements.

Qualifications

• A Bachelor’s degree in Business Administration is required for this position. An MBA is preferred.
• Minimum of two years of experience in a similar position, preferably in the financial services industry. This experience must include analysis of financial statements, financial modeling, and projections.
• Computer software proficiency (Excel and financial models a must)
• Knowledge of commercial / corporate credit practices
• Write, speak, and comprehend English and Spanish
• Strong analytic thinking capacity
• Leadership Skills
• Strong communication skills
• Strong interpersonal communication skills
• Strong problem recognition and solutions skills

Responsibilities

• Analyzes and structures credit requests for new and existing Corporate Banking borrowers within established performance standards on a timely basis.
• Prepares credit memoranda (CAM) with corresponding attachments, to accurately present pertinent credit risks and provide applicable recommendations.
• Monitors collateral periodically to detect any loss in value, monitors collateral exceptions and follows up on pending items.
• Manages and controls accounts assigned to guarantee borrowing relationships are within established risk parameters.
• Manages the risk associated with existing borrowing relationships through appropriate credit strategies, structure, and compliance with credit policies.
• Monitors delinquency reports and follows up on client’s condition, to determine when closer monitoring is needed.
• Early refers potential problematic loans to Department Head and/or Work Out unit as applicable.
• Establishes the appropriate remedial attention levels and defines action plan in collaboration with Department Head and Business Relations Officers.
• Works closely with Business Relations Officers in the review of documentation and obtains data needed for loan closing.
• Monitors compliance with company’s policies and practices, and regulatory requirements, in order to achieve a satisfactory rating from internal and external auditors.
• Performs credit administration tasks including customer and site visits, covenant compliance, borrowing base review, periodic financial statement review, risk rating analysis, overdrafts and account usage, and periodic review of collateral and documentation.
• Consistently provides high level customer service to minimize attrition, measured by responsiveness, work quality, product and process knowledge and professionalism.
• Maintains portfolio data and statistics updated for Department Head, follows up to assure compliance with Department’s quarterly/annual review schedule and other reporting requirements and assists in the preparation of presentations and special projects.

Skills

Financial analysis

Financial modeling

Communication skills

Bilingual English/Spanish

Analytical thinking

Leadership skills

Education

Bachelor's degree in Business Administration

MBA preferred

Tools

Excel

Financial modeling

Job description

Commercial Credit Analyst

Corporate Banking

Firstbank PR

Our Company

At FirstBank PR, we strive to be a trusted advisor to our clients and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview

The Credit Analyst analyzes the financial information of clients, manages the credit needs of accounts assigned, structures and proposes credit facilities, performs periodic and annual reviews, criticized reports, risk rating and industry analysis and monitors delinquency and compliance with covenants. The Analyst also monitors compliance with Federal Regulations and Bank Policies, as well as the accuracy and completeness of collateral and related documentation. The Analyst compiles and maintains portfolio data for Department Head, follows up to assure compliance with Department’s quarterly/annual review schedule and assists in the preparation of presentations and other related tasks.

What you’ll do

• Analyzes and structures credit requests for new and existing Corporate Banking borrowers within established performance standards on a timely basis.
• Prepares credit memoranda (CAM) with corresponding attachments, to accurately present pertinent credit risks and provide applicable recommendations.
• Monitors collateral periodically to detect any loss in value, monitors collateral exceptions and follows up on pending items.
• Manages and controls accounts assigned to guarantee borrowing relationships are within established risk parameters.
• Manages the risk associated with existing borrowing relationships through appropriate credit strategies, structure, and compliance with credit policies.
• Monitors delinquency reports and follows up on client’s condition, to determine when closer monitoring is needed.
• Early refers potential problematic loans to Department Head and/or Work Out unit as applicable.
• Establishes the appropriate remedial attention levels and defines action plan in collaboration with Department Head and Business Relations Officers.
• Works closely with Business Relations Officers in the review of documentation and obtains data needed for loan closing.
• Monitors compliance with company’s policies and practices, and regulatory requirements, in order to achieve a satisfactory rating from internal and external auditors.
• Performs credit administration tasks including customer and site visits, covenant compliance, borrowing base review, periodic financial statement review, risk rating analysis, overdrafts and account usage, and periodic review of collateral and documentation.
• Consistently provides high level costumer service to minimize attrition, measured by responsiveness, work quality, product and process knowledge and professionalism.
• Maintains portfolio data and statistics updated for Department Head, follows up to assure compliance with Department’s quarterly/annual review schedule and other reporting requirements and assists in the preparation of presentations and special projects.

What You’ll Need to Succeed

• A Bachelor’s degree in Business Administration is required for this position. An MBA is preferred.
• Minimum of two years of experience in a similar position, preferably in the financial services industry. This experience must include analysis of financial statements, financial modeling, and projections.
• Computer software proficiency (Excel and financial models a must)
• Knowledge of commercial / corporate credit practices
• Write, speak, and comprehend English and Spanish
• Strong analytic thinking capacity
• Leadership Skills
• Strong communication skills
• Strong interpersonal communication skills
• Strong problem recognition and solutions skills

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure.

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