Commercial Credit Analyst - Entry-Level Training

Valley National Bank; New York, Morristown (NY, NJ); On-site; USD 49,000 - 82,000; Full time

Job summary

Valley Bank seeks an entry-level Commercial Credit Associate in New York and Morristown, NJ to join a formal credit training program to develop skilled credit underwriters. You will learn credit principles, underwriting standards, and loan analysis.

Responsibilities include preparing basic credit packages, analyzing financial statements, cash flow, and industry trends while meeting performance expectations in a fast-paced banking environment.

Qualifications

• Bachelor's degree in Business, Accounting or Finance.
• Completion of at least two college level accounting classes and one college level finance class preferred.
• Completion of a business related internship preferred.

Responsibilities

• Participates in credit training classes with progress evaluated through graded case work and testing.
• Prepares basic credit packages for extensions, modifications, and renewals of existing loan facilities and new loan requests.
• Spreads financial statements using the Baker Hill/One Point system and analyzes operating performance to identify credit risks.
• Conducts cash flow analysis to evaluate loan repayment ability.
• Spreads and analyzes personal financial statements to evaluate liquidity and contingencies.
• Performs industry/market analysis to identify trends and risks.
• Prepares loan offering and related forms for the credit package.
• Identifies and reports credit policy and underwriting experience.
• Completes underwriting requests within expected timeframes to meet deadlines.
• Understands credit policies and follows department procedures.

Skills

Analytical abilities

Organization skills

Communication skills

Math skills

Education

Bachelor's degree in Business/Accounting/Finance

Accounting coursework (2 classes)

Business internship

Tools

Microsoft Word

Excel

Internet research

Job description

Valley Bank seeks an entry-level Commercial Credit Associate in New York and Morristown, NJ to join a formal credit training program to develop skilled credit underwriters. You will learn credit principles, underwriting standards, and loan analysis.

Responsibilities include preparing basic credit packages, analyzing financial statements, cash flow, and industry trends while meeting performance expectations in a fast-paced banking environment.