Credit Analyst

IDBNY; New York (NY); Hybrid; USD 70,000 - 90,000; Full time

Benefits offered by this job

Annual bonus

Health insurance

Dental & vision plans

Retirement plan

Paid time off

Job summary

IDB Bank in New York seeks a Credit Analyst to support origination and portfolio management of commercial loans. You will analyze financial statements, perform due diligence, and assist in investment committee presentations while ensuring borrower compliance and timely monitoring.

The role offers growth within an entrepreneurial institution and a hybrid schedule, with opportunities to develop expertise across CRE, healthcare, middle market, and leveraged finance sectors.

Qualifications

• Bachelor's degree in finance, accounting, or economics, or related field; candidates with alternate education and compensating work experience considered.
• Completion of a formal credit training program preferred.
• Expert in all Microsoft Office applications, with a high overall aptitude for adopting and leveraging technology tools, including AI solutions.
• Superior verbal and written communication skills.
• Ability to both self-direct in independent assignments and work collaboratively in a team environment.
• Available to accommodate variable workloads and extended hours when necessary. Able to travel domestically on occasion (<10% time).
• Highly motivated with a strong desire to learn new skills and expand responsibilities.

Responsibilities

• Provide analyst coverage for assigned business unit(s), which may include Commercial Real Estate, Healthcare, Middle Market C&amp;I, Asset Based Lending, Private Banking, and Leveraged Finance.
• Support the origination of new loans by analyzing and spreading financial statements, completing borrower and guarantor due diligence, assessing market conditions and comparables, and preparing screening memorandums.
• Assist underwriters in the completion of comprehensive investment committee presentations. Identify credit risk factors and transaction strengths, utilizing findings to complete risk rating and profitability calculations.
• Analyze sponsor and/or guarantor financial wherewithal, including the completion of global cash flow analyses.
• Work closely with Portfolio Management and the Bank’s customers to maintain borrower compliance. Complete monthly, quarterly, and annual monitoring requirements in a timely fashion.
• Ensure digital and physical loan files remain appropriately organized.
• Complete regular reporting requirements to support internal and external audit activity.
• Develop and maintain procedures, process maps, job aides, and templates to improve transparency and cross-functional collaboration within the Bank.
• Participate and/or lead assigned continuous improvement projects and initiatives

Skills

Analytical skills

Excellent communication

Team collaboration

Travel willingness

Education

Bachelor's degree in finance, accounting, or economics

Tools

CreditLens

Stucky

Salesforce

LoanIQ

Argus

REIS

LexisNexis

Job description

1114 Avenue of the Americas, NYC, NY, 10036

Credit Analyst [NY]:

Perfect time to join our growing Team!

In this role, you'll support the origination and portfolio management of commercial loans. The position offers the chance to deepen your knowledge and advance your career within an entrepreneurial institution.

Responsibilities

• Provide analyst coverage for assigned business unit(s), which may include Commercial Real Estate, Healthcare, Middle Market C&I, Asset Based Lending, Private Banking, and Leveraged Finance.
• Support the origination of new loans by analyzing and spreading financial statements, completing borrower and guarantor due diligence, assessing market conditions and comparables, and preparing screening memorandums.
• Assist underwriters in the completion of comprehensive investment committee presentations. Identify credit risk factors and transaction strengths, utilizing findings to complete risk rating and profitability calculations. Analyze sponsor and/or guarantor financial wherewithal, including the completion of global cash flow analyses.
• Work closely with Portfolio Management and the Bank’s customers to maintain borrower compliance. Complete monthly, quarterly, and annual monitoring requirements in a timely fashion.
• Ensure digital and physical loan files remain appropriately organized.
• Complete regular reporting requirements to support internal and external audit activity.
• Develop and maintain procedures, process maps, job aides, and templates to improve transparency and cross-functional collaboration within the Bank.
• Participate and/or lead assigned continuous improvement projects and initiatives

Qualifications

• Bachelor's degree in finance, accounting, or economics, or related field; candidates with alternate education and compensating work experience considered.
• Completion of a formal credit training program preferred.
• Expert in all Microsoft Office applications, with a high overall aptitude for adopting and leveraging technology tools, including AI solutions.
• Superior verbal and written communication skills.
• Ability to both self-direct in independent assignments and work collaboratively in a team environment.
• Available to accommodate variable workloads and extended hours when necessary. Able to travel domestically on occasion (expected <10% time allocated to travel).
• Highly motivated with a strong desire to learn new skills and expand responsibilities

Experience

• Minimum of 2 years’ relevant work experience required; 3 – 5 years strongly preferred.
• Experienced users of CreditLens, Stucky, Salesforce, LoanIQ, Argus, REIS, and/or LexisNexis strongly preferred

Compensation

The expected annual salary for this position is between $70,000 and $90,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills and experience. In addition to base salary, our total rewards package also includes eligibility for an annual bonus, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

The Bank Will Make Reasonable Accommodations To The Following Employees To Allow Them To Perform The Essential Functions Of Their Position, Except Where Doing So Would Result In Undue Hardship To The Bank

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs, potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

We are operating on a Hybrid schedule.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.

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