Commercial Credit Associate

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

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 - 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.

Full-time/Part-time

Full-time

FLSA

Non-exempt

Location(s)

New York , New York , United States

Morristown , New Jersey , United States

Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and/or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

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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Employer Privacy Policy

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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