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Credit Analyst III

 

Provident Bank, a multi-billion dollar NJ bank with branches in NJ and eastern PA, is seeking an experienced commercial credit analyst for an opportunity based in Iselin, NJ.  This position requires a minimum of five years of commercial banking underwriting experience. 

 

We offer a competitive compensation package that includes medical/dental/life insurances, generous paid time off, 401(k) with match, Employee Stock Ownership Plan, Student Loan Paydown program and more!

POSITION SUMMARY

Under moderate direction, this position is responsible for detailed research and credit analysis of complex credit requests in Commercial Credit Underwriting.  This is a senior position.  The incumbent is expected to have comprehensive knowledge of credit & risk analysis, credit rules, structuring of credits, regulations and documentation with the ability to exercise independent judgment within established Underwriting Guidelines and Credit Policy.  At this level, the incumbent is expected to increasingly work with and assist the Commercial Loan Officers on customer calls.  The incumbent will assist in training less experienced staff members and handle more complex and/or challenging assignments (e.g., larger deals or complicated request with greater exposure to the Bank).

 

MAJOR JOB RESPONSIBILITIES

Analyze customer and prospect financial information for renewals and new business.

10%

Prepare loan approval and credit analysis, assist in structuring loans.

60%

Spread financial statements and verify covenant compliance.

10%

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

10%

Prepares reports and handles special assignments.

10%

SUPERVISORY RESPONSIBILITIES

       Subject to business needs may have supervisory responsibilities.

SKILLS AND TRAINING

       Thorough knowledge of underwriting and credit analysis.

       Strong analytical skills with ability to highlight and mitigate risks.

       Knowledge of commercial real estate lending.

       Proficient in Commercial & Industrial lending including debt service coverage and cash flow.

       Strong knowledge of and the ability to practically apply, modern office software (MSword, Excel).

       Strong verbal and written communication.

       Ability to prioritize multiple projects and complete them on time.

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

       Sound grasp of accounting.

 

EDUCATION

Bachelor’s degree in Finance, Accounting or Economics.  MBA a plus.

Credit Training

WORK EXPERIENCE

5 or more years in Commercial banking.

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.

 

We are an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability status, protected veteran status, or any other characteristic protected by law.


About Provident Bank

For more than 175 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