Commercial Credit Analyst IV (Remote)

Provident Financial Services Morristown , NJ 07963

Posted 2 months ago

How would you like to join one of the most highly regarded community-focused financial institutions in the Tri-State area? Provident Bank is a high-performing, $14 billion company that continues to expand with branches in New Jersey, Eastern Pennsylvania and New York. Our longevity is a testament to our commitment to placing our employees, customers, and the communities we serve at the center of all we do. Apply today and discover what our commitment to enhancing our employee and customer experience is all about. This is a fully remote opportunity and all applicants must reside in NY, NJ, CT, PA, DE. Join our Team! Now offering Sign on Bonus.

POSITION SUMMARY

This position is responsible for detailed research and credit analysis of complex credit requests in Commercial Credit Underwriting C&I Regional Department. 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 and structuring deals. The incumbent will show leadership in training less experienced staff members and handle more complex and/or challenging assignments (e.g., larger deals or complicated requests with the highest level of relationship exposure under Executive Leadership and Credit Committee Approval Authority - Level 8 & 9). The incumbent will have a key role of consequence to the team outside of their credit related work. For instance, 3rd party vendor management responsibilities, reporting, and special projects.

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 loan approvals, annual reviews and conduct and credit analysis for new requests, in addition to modifications and short term extension of existing loans.

  • 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

  • Assists in 3rd party vendor management responsibilities

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, commercial loan structure, and regulatory guidance.

  • Strong analytical skills with ability to identify strengths and mitigate risks.

  • Strong knowledge of commercial real estate lending, inclusive of investment, owner-occupied and some construction.

  • Proficient in Commercial & Industrial lending including debt service coverage, cash flow, A/R and A/P, WIP, Borrowing Base Certificates, and construction budgets.

  • 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.

  • Strong 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 III.

  • Under some supervision, ability to correspond, manage, and in certain cases negotiate with 3rd party vendors.

EDUCATION

Bachelor's degree in Finance, Accounting or Economics. MBA preferred. Formal credit training or higher banking education (i.e. Graduate School of Banking, Stonier, etc).

WORK EXPERIENCE

7 or more years in Commercial Credit Underwriting.

LICENSES AND/OR CERTIFICATES

Certification in Credit Risk or Credit Management preferred.

Featured Benefits

  • Medical/Dental/Vision Insurance

  • Flexible Savings Account

  • 401(k)

  • Tuition Disbursement and Reimbursement

  • College Loan Pay Down Program

  • and other great benefits

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.

Provident Bank recognizes and supports the importance of creating a socially and culturally diverse employee base. We understand, value, and appreciate the unique perspectives that a diverse workforce can contribute to our organization. We put the employee and the customer at the center of strategy because culture is a critical differentiator for why people choose to work here.

Military or veteran status, national origin, race, religion, sex, sexual orientation or any other applicable status protected by state or local law.

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.

#LI-Remote


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Commercial Credit Analyst IV (Remote)

Provident Financial Services