NB1205 - Credit Analyst

Company: Northfield Bank
Location: Woodbridge
Posted on: May 16, 2022

Job Description:

Job Description Northfield Bank is a full service bank with 38 branch locations throughout New Jersey; and Staten Island and Brooklyn, New York. With a history dating back to 1887, our growth continues through expansion of our presence in local communities and in our Product and Service offerings. Over 300 employees with diverse backgrounds and cultures have come together to make Northfield Bank what it is today. The Bank believes in providing all employees with the opportunity to reach their career potential and encourages advancement within the organization. For more information, please visit www.eNorthfield.com Title: Credit Analyst Location: Woodbridge, NJStatus: Full Time Job Summary: Independently evaluate the creditworthiness and risk classification of commercial loan transactions presented for acquisition and renewal. Ensure that the credit decision is compliant with policy and all exceptions are identified. Make recommendations to management regarding the strengths and weaknesses of potential transactions. Document recommendations by preparing a formal underwriting consisting of a narrative report supported by quantitative analysis of financial and credit statements.

Essential Functions:

• Proficient in Commercial and Industrial lending which includes preparing written credit memorandums on all new loan requests and renewals, relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, industry analysis, collateral and loan structures with opinions as to credit worthiness.
• Spread financial statements through the use of computerized financial software program and analyze reports produced by the system for preparation of written reviews.
• Preparation of a formal credit risk analysis and supporting financial spreadsheets for commercial real estate transactions, business loans, and construction projects.
• Independent evaluation and review of all pertinent credit and financial information, including audited, reviewed, compiled and management-prepared financial statements, tax returns, credit bureau reports, vendor and bank inquiries.
• Perform independent due diligence as necessary to appropriately vet all prospective individual and corporate entities.
• Ensure that the underwriting is policy compliant and that all policy exceptions and guidelines are identified and documented in the underwriting
• Responsible to ensure that policy compliant approval levels are assigned to the underwriting and the appropriate signatures are obtained.
• Assign a proposed Risk Rating to the credit that is in compliance with Risk Rating Definitions.
• Present the credit request to management along with the loan officer.
• Prepare annual credit reviews and independently re-evaluate the Risk Rating of existing loans.
• Underwrite and present credit renewals and extensions.
• Participate in continued advanced specialized training to maintain the competency level required for a Subject Specialist.
• Interface with all levels of the organization, including Senior Management.
• Responsible for complying with all policies and guidelines, including BSA, anti-money laundering, government regulations and annual compliance training.
  
  OTHER: May require occasional travel for business meetings or training.Core Competencies:
• Regulatory Knowledge - Understands the applicable federal, state, local, and company-specific regulations, policies and guidelines affecting business practices
• Decision-Making - Able to make sound business decisions. Takes thoughtful approach when considering options. Seeks input from others, as appropriate. Willing to make difficult decisions.
• Accountability - Takes responsibility and ownership for decisions, actions and results. Follows through on commitments.
• Judgment - Possesses the ability to effectively perform the required functions of the job without being told every detail, to independently solve problems, and offer suggestions.
• Analytical Skills - Ability to take large volumes of data and then analyze trends an produce a result. Ability to breakdown complex problems into simpler, more manageable components. Ability to gather all information necessary to solve a problem, recognize underlying issues based on data and trends, and organize all relevant information to provide insight and ideas on how to draw appropriate conclusions that will help solve the problem.
• Technical Expertise - Demonstrates the ability to use current and new technology effectively and productively to meet job needs (e.g., computers). Continually updates skills and knowledge to meet position demands and requirements.
• Dependability - Is considered reliable and consistently goes beyond the routine scope of the normal job duties. Maintains a high degree of flexibility.
• Continuous Learning - Pursues opportunities to develop self and improve skill level. Solicits feedback from supervisor and others and takes active measures to maximize potential. Is always working to advance their professional skill set. Recognizes additional work and/or job duties as an opportunity to grow professionally.Requirements:

• Bachelor's Degree in Business, Finance, Accounting or related field required
• Certificate program in Credit or Risk Analysis preferred
• Minimum of 3-5 years of Commercial and Industrial underwriting experience
• CRE underwriting experience is a plus
• Cash flow analysis experience
• Review and analysis of tax returns and financial statements
• Financial analysis or underwriting experience
• Internal Bank Operations experience
• Proficient in Microsoft Office, particularly Word and Excel
  
  **Northfield Bank is an Equal Employment Opportunity Employer M/F/Disability/Protected Veteran**

Keywords: Northfield Bank, New York , NB1205 - Credit Analyst, Professions , Woodbridge, New York