Commercial Credit Analyst, CRE

M&T Bank; Buffalo (NY); On-site; USD 62,000 - 104,000; Full time

Job summary

M&T Bank in Buffalo, New York is seeking a Commercial Credit Analyst to support underwriting and ongoing monitoring of a portfolio of credit relationships. You will perform supporting analysis, identify risk issues, and prepare sections of credit analyses.

Collaborate with relationship managers, develop cash flow models, spreads, and risk ratings, and ensure compliance with Credit Policy. Strong analytical and communication skills required; experience with financial statement analysis a plus.

Qualifications

• Bachelor's degree in Accounting, Finance, Economics or related field.
• Minimum of one year’s work experience in commercial credit, public accounting, financial statement analysis, or related financial analysis; or a combined 5 years of higher education and/or work experience including credit work.
• Strong verbal and written communication skills.
• Strong analytical ability with attention to detail.
• Ability to work independently and as part of a team.
• Proficiency with Microsoft Office.

Responsibilities

• Facilitate credit needs by analyzing new requests from deal screen through approval and life of loan.
• Manage ongoing credit risk through CCM activities including annual reviews and covenant monitoring.
• Review financial statements, tax returns, and related data to determine need for further investigation.
• Analyze financial information and prepare credit analyses with risk rating, risks, mitigants, and market trends.
• Propose structure recommendations based on scenarios including base and downside cases.
• Collaborate with relationship managers throughout the credit process to maintain accurate risk ratings.
• Spread financials and model cash flows, collateral, covenants, and guarantor analysis.
• Enter data into bank systems and participate in client/prospect calls and committee discussions.
• Ensure compliance with Commercial Credit Policy and regulatory standards.

Skills

Verbal communication

Written communication

Analytical ability

Critical thinking

Problem-solving

Attention to detail

Organizational skills

Time management

Teamwork

Microsoft Office

Education

Bachelor's degree in Accounting or Finance

Related field or 5 years of experience in lieu of degree

Tools

Capital IQ

FactSet

Bloomberg

nCino

Job description

Overview

A member of the Commercial Credit team that partners with senior team members supporting the duties of underwriting and the on-going monitoring of a portfolio of credit relationships. Responsible for performing supporting analysis, identifying risk issues, and completing sections of credit analysis, as needed, to assess the creditworthiness of commercial clients.

Primary Responsibilities

• Facilitate the credit needs of customers by analyzing new requests and material modifications from deal screen through approval and for the life of the loan. This analysis may include recommending adding or removing conditions.
• Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities enabling the timely identification of emerging credit risk so that appropriate actions can be taken to manage the risk, minimize losses and assign an accurate risk rating. A CCM program includes but is not limited to annual reviews, interim update memos, a covenant monitoring program, problem loan management, early warning indicators, and other forms of credit surveillance.
• Review all pertinent credit and financial information, including but not limited to financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research and peer data. Determine the need for more thorough investigation or additional information.
• Analyze financial information and related materials and complete the credit analyses for the Bank’s commercial transactions. Written analyses to include an independent credit quality assessment with well-supported risk rating, identification of and description of credit risks and mitigants, industry concerns, market trends, financial trends, and other pertinent credit issues of respective deals.
• Make appropriate structure recommendations based on an analysis and evaluation of scenarios including the company’s case, bank’s base case and a downside case.
• As part of managing the ongoing credit risk of existing portfolios, identify suspicious activity and activity that may be contrary to customer’s interest.
• Partner proactively with relationship managers (RM) and be intimately involved throughout the credit process, from deal screen through approval and for the life of the loan to maintain timely and accurate risk ratings for a portfolio of commercial credits.
• Spread financial statements and prepare financial / projection models designed to sensitize various conditions impacting the proposed transaction. Prepare cash flow, collateral schedules, covenant sensitivity calculations, and guarantor statement analysis as appropriate.
• Enter complete and accurate data into Bank systems in support of underwriting and portfolio management activities.
• Attend client/prospect calls with RMs to gain a thorough understanding of the client/prospect and their business to effectively analyze and underwrite the proposed transaction. Based on underwriting parameters, recommend the risk rating.
• Present analysis or address questions during credit request discussions or committee presentations.
• Assist in monitoring credit policy compliance by verifying adherence to the Commercial Credit Policy and commenting on any risk associated with non-compliance.
• Understand and adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points together with any issues raised by external regulators as applicable.
• Complete other duties as assigned.

Scope of Responsibilities

Commercial Credit is responsible for the credit delivery of the Bank's commercial clients throughout the credit lifecycle. Credit assessments range from initial analyses of new relationships to the Bank to material modifications or restructurings of long-term relationships and ongoing monitoring through the life of the loan. Commercial Credit is also responsible for ensuring the accurate completion of the Bank's risk rating scorecards and financial statement spreads. The work completed in this capacity is used to make credit decisions for new or renewed or amended credit transactions. Contacts are primarily internal such as credit officers and other bank personnel. The position interacts with commercial banking relationship managers throughout the bank’s footprint and industry verticals. Customer interaction is expected. Works independently under general supervision.

Supervisory/Managerial Responsibilities

N/A

Education and Experience Required

Bachelor’s degree in Accounting, Finance, Economics or related field and a minimum of one year’s work experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis, or in lieu of a degree, a combined minimum of 5 years’ higher education and/or work experience, including of one year work experience in commercial credit, public accounting, financial statement preparation/analysis or other financial analysis.

Strong verbal and written communication skills.

Strong analytical ability.

Critical thinking and problem-solving abilities.

Attention to detail with a high level of accuracy.

Strong organizational and time management skills.

Ability to work independently and as a part of a team.

Customer focused with strong interpersonal skills.

Proficiency with Microsoft Office.

Education and Experience Preferred

Experience with Capital IQ, FactSet, and Bloomberg.

Experience with nCino.

M&T Bank is committed to fair, competitive, and market-informed pay for our employees. The pay range for this position is $62,200.00 - $103,600.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Buffalo, New York, United States of America