COMMERCIAL CREDIT ANALYST I - WATERFORD OFFICE

COMMERCIAL CREDIT ANALYST I - WATERFORD OFFICE

Position Summary:

Work in conjunction with the Senior Credit Officer, Credit Manager Commercial and Commercial Banking team primarily on credit analysis and underwriting of the following loans:  Multifamily, Commercial Real Estate and Commercial/Business loans.

Ability to be a team player, communicate and collaborate with the Lending Officers.  Strive to achieve an outstanding level of customer service in accordance with the Bank’s standards.

 Essential Functions:

•  Responsible for the underwriting and credit analysis of commercial real-estate, multifamily and business loans, to determine feasibility and credit risk of granting loans; not limited to new and/ or annual reviews and renewals.
• Underwrite and analyze loan packages by evaluating and reviewing loan package, financial statements, tax returns, appraisal reports, environmental reports, and other related loan information and supporting documentation.
•  Ensure that the loan package complies with credit, underwriting standards, and lending/credit policies.
• Prepares Credit Approval Memorandums (CAMs) for presentation to applicable approval authority/ committee.
•  Maintain continuous contact with Relationship Officers and customers as needed to provide information on transaction status, discrepancies, and resolve problems, concerns/doubts.
• Present the loan file to the Commercial Banking Department or lending authority for discussion and conclusion including the department recommendation.  The underwriter must inform the Senior Credit Officer/FBFL or the Credit Manager Commercial of any material risk factor, discrepancy or deviation discovered during the preparation and/or review of the CAM, its underwriting, credit analysis and due diligence.
• Assist the Senior Credit Officer/FBFL and Credit Manager Commercial concerning enforcement of loan policies and procedures, quality control matters, loan review, and underwriting.  Clarify any doubts related to the aforementioned to ensure accuracy/ correctness of policy interpretation.
•  Assist in the preparation of Commercial Banking presentations.
• Participate in Commercial Banking pipeline meetings.
•  Manage to provide acceptable “turnaround times” to meet client expectations.

Competencies:

•  Customer focus
• Building strong relations.
• Communication
• Business acumen
• Problem analysis & solution
•  Ownership
•  Vision & values
• Collaboration & teamwork
• Development (personal & others)
• Change & innovation

Required Education and Experience:

•  Minimum of 2 years in banking environment and/or credit field.
• Strong knowledge of Microsoft Office Suite and proficient at typing.
• Experience with Moody’s Lending Cloud, Sageworks, or other financial analysis software preferred.
• Understanding of financial information and ability to spread such using bank software.
• Understanding of loan documentation is a plus.
• Must be able to work a flexible working schedule.
• Good communication skills and attention to details.

Preferred Education and Experience:

•   Bachelor’s degree in Finance/Business Administration or related field.

Other Duties Disclaimer:

Please note this position profile is not designed to cover or include a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

EOE/D/V/M/F/DFWP