Sr. Commercial Credit Analyst II

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

Benefits offered by this job

Medical, Dental, Vision and Rx

Employee Stock Option Program (ESOP)

Paid Time Off (PTO)

401k program

Job summary

Columbia Bank New Jersey is seeking a Senior Commercial Credit Analyst to conduct complex credit investigations for commercial loans. This role involves preparing credit analysis memorandums, reviewing financial information, and supervising credit analysts.

The ideal candidate has a Bachelor’s degree in a relevant field and at least 7 years of experience. The position offers a hybrid schedule with benefits including medical, dental, and a 401k program.

Qualifications

• Strong aptitude for figures and accuracy.
• Demonstrated knowledge of accounting and finance concepts.
• Ability to work independently under time constraints.

Responsibilities

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

Skills

Problem solving

Analytical skills

Decision making

Communication skills

Organizational skills

Education

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

Minimum of 7 years experience as a Senior Commercial Credit Analyst

Tools

MS Office applications

Specialized credit analysis and lending 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.
• 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.