Sr. Commercial Credit Analyst II

Columbia Bank; Port Reading (NJ); Hybrid; USD 109,000 - 164,000; Full time

Benefits offered by this job

Medical benefits

ESOP (Employee Stock Option Program)

Life Insurance

Long Term Disability and AD&D

Paid Time Off

Paid Sick Time

Bank Holidays

401k program

Job summary

Columbia Bank seeks a Sr. Commercial Credit Analyst II to conduct complex credit investigations and analyze commercial loan information. You will prepare credit analysis memorandums for presentation to lending and credit officers or loan committees.

The role provides guidance to credit analysts, supports loan officers, and performs annual file reviews, with duties including developing credit information, reviewing reports, and supervising junior staff in a hybrid Woodbridge, NJ environment.

Qualifications

• Bachelor’s degree in Business Administration, Accounting, Finance, or related field is required.
• Minimum of 7 years experience as a Senior Commercial Credit Analyst is required.
• Current or prior lending authority is required.
• Working knowledge of commercial loan products, policies, procedures, and federal regulations.

Responsibilities

• Develops and analyzes credit information for lending decisions on new, renewal, or extension loans.
• Reviews pertinent credit and financial information and prepares credit analysis memorandums.
• Exercises conservative judgement in approving Commercial Credit transactions or recommending approvals.

Skills

Financial analysis

Credit analysis

Underwriting

MS Office

Communication skills

Problem solving

Education

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

Tools

Credit analysis software

Lending software

Job description

If you are unable to complete this application due to a disability, contact this employer to ask for an accommodation or an alternative application process.

Sr. Commercial Credit Analyst II

Regular Full-Time Woodbridge, NJ, US 1 Attachments

30+ days ago Requisition ID: 2720

Salary Range: $109,490.00 To $164,234.00 Annually

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.