Sr. Commercial Credit Analyst II

Columbia Bank Northeast; Pennington (NJ); Hybrid; USD 100,000 - 150,000; Full time

Benefits offered by this job

Medical/Dental/Vision

ESOP

Life Insurance

Long Term Disability and AD&D

PTO

Paid Sick Time

Bank Holidays

401k plan

Job summary

Columbia Bank Northeast is seeking a Senior Commercial Credit Analyst to conduct complex credit investigations and prepare credit analysis memorandums for lending decisions. You will support loan officers and credit officers, supervise analysts, and participate in annual file reviews.

The role requires a Bachelor’s degree in business/finance and at least seven years of experience, with lending authority and strong analytical skills.

Qualifications

• Bachelor’s degree in business, accounting or finance required.
• Minimum of 7 years as a Senior Commercial Credit Analyst.
• Current or prior lending authority required.
• Strong aptitude for figures and accuracy.
• Proven problem solving, decision making, underwriting and analytical skills.
• Demonstrated knowledge of applied accounting and finance concepts and proficiency in detailed financial analyses.

Responsibilities

• Develops and analyzes credit information for lending decisions on new, renewal, or extension loans.
• Prepares credit analysis memorandums to determine credit-worthiness of commercial loan applicants.
• Structures complex commercial borrowing transactions with lending and credit officers.
• Reviews Precision Lender reports to ensure ROE/ROA standards.
• Performs portfolio maintenance such as annual credit file reviews.
• Supervises and trains credit analysts.
• Performs other duties as assigned.

Skills

Analytical skills

Financial analysis

Communication skills

Time management

Integrity and work ethic

Education

Bachelor’s degree in business administration, accounting, or finance

Tools

MS Office

Credit analysis software

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.Credit Analysis
• 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.

Columbia Bank offers the following 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.