Credit Analyst II

About the role

Credit Analyst II – full-time, in-office position based in Lakewood, New Jersey.

Responsibilities

• Receives application and related financial data on prospective and active borrowing accounts, e.g., tax returns, financial statements, credit reports, and lender interview and investigation sheets.
• Analyzes data and evaluates the short- and long-run prospects of the individual or business; determines the degree of risk involved in extending credit or lending money; assists in determining the likelihood that the borrower will be able to meet their financial obligations on an on-going basis.
• Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy.
• Prepares necessary cash flow analysis to evaluate the ability of the individual and/or borrower to service the requested debt.
• Generates financial ratios to evaluate customer’s financial status.
• Provides thorough documentation of all financial analysis work, including ratios and other related information; provides a complete analysis suitable for presentation to appropriate approving authority; prepares related reports.
• May make recommendations to appropriate personnel on the granting or denying of loans; prepares sufficient information to document recommendations to approve, decline or counteroffer an application.
• Evaluates customer records and recommends repayment options based on cash flow, earnings, savings data, payment history, and purchase activity.
• Reviews individual and commercial customer files to identify and select delinquent accounts for evaluation and action.
• Compares liquidity, profitability, and credit histories of establishments being evaluated with those of similar establishments in the same industries