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Credit Analyst III

POSITION SUMMARY

This position is responsible for detailed research and credit analysis of complex credit requests in Commercial Credit Underwriting – C& I Regional Department.  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 larger relationship exposure under Market and Lending Leadership Approval Authority – Level 6 & 7 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.  Verify covenant compliance.  Conduct analysis on accounts receivable and accounts payable aging reports, work in progress reports, and borrowing base certificates. 
  • 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 as warranted

 

SUPERVISORY RESPONSIBILITIES

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

 

SKILLS AND TRAINING

  • Thorough knowledge of underwriting, credit analysis and commercial loan structure.
  • Strong analytical skills with ability to identify strengths and mitigate risks.
  • Knowledge of commercial real estate lending (investment and owner-occupied).
  •        Proficient in Commercial & Industrial lending including debt service coverage, cash flow, A/R and A/P, WIP, and Borrowing Base Certificates.
  • 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.
  • Sound 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 I & II. 

 

EDUCATION

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

 

WORK EXPERIENCE

Minimum 5 years in Commercial credit underwriting.

 

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 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