Sr. Commercial Credit Analyst II

Columbia Bank New Jersey; New York (NY); Hybrid; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, Dental, and Vision insurance

Employee Stock Option Program (ESOP)

Paid Time Off (PTO)

401k participation

Job summary

Columbia Bank New Jersey is seeking a Senior Commercial Credit Analyst who will conduct complex credit investigations for commercial loans and prepare credit analysis memorandums. This role involves developing credit information, reviewing financial details, and supporting loan officers.

The ideal candidate has a Bachelor's degree and at least 7 years of related experience, demonstrating strong analytical skills and proficiency with financial software. Good organizational and communication skills are essential for assisting in lending decisions on new and extension loans.

Qualifications

• Minimum of 7 years experience as a Senior Commercial Credit Analyst required.
• Current or prior lending authority required.
• Strong aptitude for figures and accuracy.

Responsibilities

• Develops and analyzes credit information for lending decisions.
• Prepares credit analysis memorandums.
• Supervises and trains credit analysts.

Skills

Problem solving

Decision making

Analytical skills

Organizational skills

Written communication

Verbal communication

Financial analysis

Education

Bachelor’s degree in Business Administration, Accounting, Finance, or related field

Tools

MS Office applications

Job description

Summary

Conducts complex credit investigations and analyzes credit information pertaining to commercial loans. Prepares credit analysis memorandums for presentation to lending and credit officers or loan committees. Provides guidance to credit analysts, Associate Development Program personnel and assistance to loan officers as needed. Furnishes information relative to credit inquiries.

Job Responsibilities

Credit Analysis and Development

• Develops and analyzes credit information for use by lending and credit officers or committees in the making of lending decisions on new, renewal, or extension loans.
• Reviews all pertinent credit and financial information.
• Prepares credit analysis memorandums to determine credit‑worthiness of commercial loan applicants.
• Exercises conservative judgement in approving Commercial Credit transactions or making recommendations for approval of these transactions to higher authorities.

Loan Officer Support

• Works directly with lending, business development and credit officers in structuring complex commercial borrowing transactions.
• Reviews Precision Lender reports to ensure that transactions meet required minimum return on equity and return on asset standards.

Annual File Reviews

• Performs portfolio maintenance responsibilities such as the preparation of annual credit file reviews.

Team Development

• Supervises and provides training to credit analysts.

Other Responsibilities

• Performs other duties as may be assigned.

Job Requirements

• A Bachelor’s degree in Business Administration, Accounting, Finance, or other related field required.
• Minimum of 7 years experience as a Senior Commercial Credit Analyst required.
• Current or prior lending authority required.
• Working knowledge and understanding of commercial loan products, policies, procedures and federal regulations.
• Strong aptitude for figures and accuracy.
• Proven problem solving, decision making, underwriting and analytical skills.
• Demonstrated knowledge of applied accounting and finance concepts as well as proficiency in performing detailed financial analyses.
• Ability to work independently, effectively, and efficiently under time constraints.
• Ability to prioritize and manage multiple assignments with good organizational and time management skills.
• Excellent written and verbal communication skills.
• Demonstrated proficiency with computer software including MS Office applications and other specialized credit analysis and lending software.
• Integrity, initiative, and a proven work ethic.

Benefits

• Medical, Dental, Vision and Rx which are contributory.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD & AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

Schedule

• This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.

Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.