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Provident Bank · 8 hours ago

Credit Analyst IV - C&I

Iselin, NJ

Full-time

Onsite

Senior Level

$92K/yr - $132K/yr

7+ years exp

Provident Bank is a highly regarded financial institution in New Jersey, committed to enhancing the experience of its customers and employees. The Credit Analyst IV position involves detailed research and credit analysis of complex credit requests, mentoring junior analysts, and collaborating with Commercial Loan Officers to assess creditworthiness and structure deals.

Financial Services

Responsibilities

Prepare loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans

Accompany Commercial Loan Officers on customer and prospect calls. Participate in discussions with management regarding creditworthiness of proposed loan requests

Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc

Prepares reports and handles special assignments

Assists in 3rd party vendor management responsibilities

Subject to business needs may have supervisory and mentorship responsibilities for junior Credit Analysts

Qualification

Credit analysisCommercial banking experienceUnderwriting knowledgeCommercial real estate lendingLoan origination softwareAnalytical skillsAccounting practicesVendor managementMBACredit Risk certificationCommunication skillsProject managementMentorship

Required

Bachelor's degree in Finance, Accounting or Economics

Formal credit training or higher banking education (i.e. Graduate School of Banking, Stonier, etc)

7 or more years in Commercial Banking

Thorough knowledge of underwriting, credit analysis, commercial loan structure, and regulatory guidance

Strong analytical skills with ability to identify strengths and mitigate risks

Strong knowledge of commercial real estate lending, inclusive of investment, owner-occupied and some construction

Proficient in Commercial & Industrial lending including debt service coverage, cash flow, A/R and A/P, WIP, Borrowing Base Certificates, and construction budgets

Strong computer skills, inclusive of experience with loan origination software and MS Office applications (specifically MS Word and Excel)

Strong verbal and written communication

Ability to prioritize multiple projects and complete them on time

Ability to conduct meetings, meet with customers, effectively present information and respond to questions from peers, auditors and various levels of management

Strong comprehension of accounting practices, inclusive of balance sheets, income statements, equity reconciliation, and cash flows

Credit underwriting confidence for the ability to mentor and train Credit Analyst III

Under some supervision, ability to correspond, manage, and in certain cases negotiate with 3rd party vendors