Commercial Credit Analyst

About the Role

A member of the Commercial Credit team that partners with senior team members supporting the duties of underwriting and the ongoing monitoring of a portfolio of credit relationships. Responsible for performing supporting analysis, identifying risk issues, and completing sections of credit analysis, as needed, to assess the creditworthiness of commercial clients.

Responsibilities

• Facilitate the credit needs of customers by analyzing new requests and material modifications from deal screen through approval and for the life of the loan, including recommending adding or removing conditions.
• Manage the ongoing credit risk of existing loan portfolios through continuous credit monitoring (CCM) activities, such as annual reviews, interim update memos, covenant monitoring, problem loan management, early warning indicators, and other forms of credit surveillance.
• Review all pertinent credit and financial information, including financial statements, tax returns, due diligence reports, credit bureaus, appraisals, internal credit information, industry research, and peer data. Determine the need for further investigation or additional information.
• Analyze financial information and complete credit analyses for the Bank’s commercial transactions, including an independent credit quality assessment, risk rating, identification of credit risks and mitigants, industry concerns, market trends, and financial trends.
• Make appropriate structure recommendations based on scenario analysis, including the company’s case, bank’s base case, and a downside case.
• Identify suspicious activity and activity contrary to the customer’s interest as part of ongoing credit risk management.
• Partner proactively with relationship managers (RM) throughout the credit process, from deal screen to approval and for the life of the loan, to maintain timely and accurate risk ratings.
• Spread financial statements and prepare financial/projection models, cash flow, collateral schedules, covenant sensitivity calculations, and guarantor statement analysis.
• Enter complete and accurate data into Bank systems in support of underwriting and portfolio management activities.
• Attend client/prospect calls with RMs to understand the client/prospect and their business, recommend risk ratings, and present analysis during credit discussions or committee presentations.
• Assist in monitoring credit policy compliance by verifying adherence to the Commercial Credit Policy and commenting on risks associated with non-compliance.
• Understand and adhere to applicable compliance/operational risk controls in accordance with Company or regulatory standards and policies.
• Promote an environment that supports belonging and reflects the M&T Bank brand.
• Maintain M&T internal control standards, including timely implementation of internal and external audit points and issues raised by external regulators.
• Complete other duties as assigned.

Scope of Responsibilities

Commercial Credit is responsible for the credit delivery of the Bank's commercial clients throughout the credit lifecycle. Credit assessments range from initial analyses of new relationships to material modifications or restructurings of long-term relationships and ongoing monitoring through the life of the loan. The role ensures the accurate completion of the Bank's risk rating scorecards and financial statement spreads, which are used to make credit decisions for new, renewed, or amended transactions. Contacts are primarily internal, including credit officers and other bank personnel, with interactions across commercial banking relationship managers and industry verticals. Customer interaction is expected. Works independently under general supervision.

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or related field and a minimum of one year’s work experience in commercial credit, public accounting, financial statement preparation/analysis, or other financial analysis.
• In lieu of a degree, a combined minimum of 5 years’ higher education and/or work experience, including one year of relevant work experience.
• Strong verbal and written communication skills.
• Strong analytical ability and critical thinking.
• Attention to detail with a high level of accuracy.
• Strong organizational and time management skills.
• Ability to work independently and as part of a team.
• Customer-focused with strong interpersonal skills.
• Proficiency with Microsoft Office.

Preferred Qualifications

• Experience with Capital IQ, FactSet, and Bloomberg.

Pay

The pay range for this position is $75,900.00 - $126,500.00 Annual (USD). The successful candidate’s particular combination of knowledge, skills, and experience will inform their specific compensation.

Location

Paramus, New Jersey, United States of America