Commercial Credit Associate

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

Job summary

Valley Bank in New York is seeking an entry-level Commercial Credit Associate to join a formal training program that develops underwriters for commercial loans and CRE portfolios.

You will prepare basic credit packages, analyze financial statements, cash flow, and industry trends, and support loan decision processes while meeting deadlines.

Qualifications

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

Responsibilities

• Participates in credit training classes with graded case work and testing.
• Prepares basic credit packages including credit analysis for extensions, modifications, and renewals of loan facilities.
• Spreads financial statements using 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 debt levels.
• 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

Organizational skills

Communication skills

Microsoft Word

Microsoft Excel

Basic math

Deadline-driven

Teamwork

Policy comprehension

Education

Bachelor's Degree in Business/Accounting/Finance

2 accounting classes

1 finance class

Tools

Microsoft Word

Microsoft Excel

Job description

At Valley Bank, we believe in people’s growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we’ve been the Bank that clients from every industry turn to for our expertise, strategies, and advice—building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth—with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That’s why when you work for us, we make it our goal to help you focus on what drives you—working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients—that includes all our associates as well.

The Commercial Credit Associate participates in a formal credit training program designed for entry level employees pursuing a career in credit underwriting, commercial lending, or other credit related fields. The primary objective of the training program is to develop skilled credit underwriters who have a solid and comprehensive understanding of commercial credit principles necessary to evaluate and underwrite commercial loan requests. The Credit Underwriting/Risk Division serves as an independent key resource in the Bank's loan decision process by providing independent, thorough analysis of loans in the Commercial Loan and Commercial Real Estate portfolios in conformance with Bank policy and regulatory requirements.

Expected work hours

40

Job Description

Responsibilities include but are not limited to:

• Participates in credit training classes with proficiency evaluated through graded case work and testing. Training requirements, assigned tasks, and performance expectations must be met to proceed in the program.
• Prepares basic credit packages including credit analysis for extensions, modifications, and renewals of existing loan facilities and new loan requests.
• Spreads business financial statements using the Baker Hill/One Point system.
  Analyzes a company's operating performance and financial condition to understand business trends and to identify credit risks.
• Conducts cash flow analysis to evaluate loan repayment ability.
• Spreads and analyzes personal financial statements to evaluate personal liquidity, personal debt levels, and contingencies.
• Performs industry/market analysis to identify industry 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 assignment deadlines.
• Understands credit policies and is able to follow department procedures.

Requirements

Required Skills:

• Strong analytical abilities and problem solving skills.
• Strong organizational skills with attention to detail.
• Excellent communication skills; express ideas and convey technical information in writing and verbally.
• Proficient in Microsoft Word and Excel and performing internet searches.
• Basic math skills including the ability to compute ratios.
• Ability to work in a fast paced environment and move quickly through assignments to ensure deadlines are met.
• Ability to work effectively with individuals and groups to manage internal and external customer relationships.
• Ability to read, interpret, and comprehend policies, procedures, and training materials.

Required Experience:

• Bachelor's Degree in a related discipline preferably 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.

Pay Range

Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay.

The actual pay rate will depend on the person's qualifications and experience.

$49,400.00 - $82,400.00 / year

Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

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Valley is an equal opportunity/affirmative action employer. All qualified applicants are encouraged to apply and will be considered for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status or characteristic.

If you are a person with a disability and need a reasonable accommodation to search or apply for a career opportunity, please call us at 800-652-6500, option 2, for assistance with an alternate method of access. A response to your accommodation request may take up to two business days. Other inquiries to this number will not receive a response.

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