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Credit Analyst II

POSITION SUMMARY

This position is responsible for detailed research, financial spreading, extensions, and credit analysis of credit requests in Commercial Credit Underwriting – C&I Regional Department. The incumbent is expected to be proficient in credit & risk analysis, credit rules, regulations, and documentation with the ability to exercise independent judgment within established Underwriting Guidelines and Credit Policy.  The incumbent will handle transactions with relationship exposure less than $3,000,000 (i.e. short form approvals and smaller relationship exposure under Regional Approval Authority – Level 5 or below). 

 

MAJOR JOB 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.
  • Prepare and spread business financial statements and cash flows, in addition to personal financial statements and cash flow for personal guarantors.  Conduct analysis on accounts receivable and accounts payable aging reports.
  • Conduct third party research, inclusive of industry reports, personal credit reports, real estate analysis with market assessments, etc
  • Support deal structuring activities
  • Performs other duties and responsibilities as assigned by management

 

SUPERVISORY RESPONSIBILITIES

       None

 

SKILLS AND TRAINING

  •        Proficient underwriting and credit analysis skills.
  •        Developed analytical skills with ability to identify strengths and mitigate risks.
  •        Basic knowledge of commercial and industrial lending and credit underwriting.
  •        Proficient in Commercial & Industrial lending including debt service coverage and cash flow.
  •                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 credit requests and complete them on time.
  •                Good comprehension of accounting practices, inclusive of balance sheets, income statements, equity reconciliation, and cash flows.  .

 

EDUCATION

Bachelor’s degree in with preferred concentration in Finance, Accounting or Economics. 

 

WORK EXPERIENCE

Minimum 3 years in commercial credit underwriting experience. 

 

LICENSES AND/OR CERTIFICATES

None

 

WORKING CONDITIONS

Work is mainly performed in a normal office environment.  Noise levels usually are moderate.

 

HAZARDS

The hazards are only those present in a normal office setting.

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

 

This job description may not be all-inclusive.  Employees are expected to perform other duties as assigned and directed by management.  Job descriptions and duties may be modified when deemed appropriate by management.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to age 40 and over, color, disability, gender identity, genetic information, military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.


About Provident Bank

For more than 180 years, Provident Bank has served individuals, families, and businesses in our local communities with personal and business banking services.

Volunteering is a Way of Life

Our brand promise - “Commitment you can count on” - supports the investments we make in the community and donations made by our employees. It’s a promise also reflected in the volunteerism of our employees, who lend time and talent and countless hours to assist hundreds of organizations and thousands of people and animals each year.

Why do we love it?

  1. We get to volunteer in areas that are meaningful to the bank and impactful in the community.
     
  2. Through generous contributions, we have raised over $28,000 in 2018. No item or donation is too small; we find a home for it all.


Nearest Major Market: New Jersey