Credit Analyst III

Pay

Starting Salary $85,000.00 (Negotiable upon Experience). Compensation details: 78750-78750 Yearly Salary.

Requirements

• Bachelor’s degree in Accounting, Finance, or related field of study required; specialized bank lending education/training.
• A minimum of three (3) to five (5) years commercial credit underwriting experience, including commercial real estate and C&I lending related experience required. SBA and non-profit underwriting experience preferred.

Skills

• Intermediate to advanced commercial real estate underwriting skills and experience
• Proficient in English, reading, writing, grammar, and mathematics
• Ability to manage a moderate workload on a consistent basis with limited oversight
• Attention to detail
• Ability to work under strict time requirements or tight timeframes
• Proficient interpersonal relations and communication skills
• Advanced organizational skills
• Intermediate to advanced financial analysis skills
• Proficient PC skills including Microsoft Office and ability to learn specific financial software
• Thorough knowledge of current related regulations
• Skills sufficient to train and/or mentor new Credit Administration personnel

Responsibilities

• Perform credit analysis to evaluate creditworthiness of individuals and businesses for commercial loan requests
• Coordinate work within the department and with other departments
• Assist with training and mentoring of new and/or entry level credit analysts
• Comply with operating policies and procedures for the credit analysis function
• Communicate with appropriate personnel
• Respond to inquiries or requests for information
• Maintain appropriate records and provide assigned reports
• Perform credit analysis on more complex credits: receive application and financial data, analyze data, evaluate short- and long-run prospects, determine risk, assess likelihood of meeting obligations
• Ensure credit analysis activities comply with lending policy
• Prepare cash flow analysis to evaluate ability to service debt
• Generate financial ratios to evaluate customer’s financial status
• Provide thorough documentation of financial analysis work, including ratios, for presentation to approving authority
• Make recommendations on credit structure and granting/denying loans; prepare documentation for approve, decline, or counteroffer
• Evaluate customer records and recommend repayment options based on cash flow, earnings, savings, payment history, purchase activity
• Review individual and commercial customer files to identify delinquent accounts for collection
• Compare liquidity, profitability, and credit histories with similar establishments in same industry and geography
• Evaluate data in third‑party reports (appraisals, environmental reports, lease agreements)
• Prepare written compilation of analysis in prescribed format for review and presentation
• Confer with credit association and other business representatives to exchange credit information
• Consult with customers to verify financial and credit transactions; resolve complaints
• Manage and process multiple credit requests of varying complexity on an ongoing basis
• Review, update, and evaluate existing loan customer relationships and credit files to determine continued creditworthiness; prepare written recommendation for risk rating adjustment
• Assemble, maintain, and review credit files to ensure all necessary information and documentation
• Train new credit administration personnel as appropriate
• Abide by current laws and organizational policies promoting a harassment‑free, non‑discriminatory workplace
• Cooperate with, participate in, and support adherence to internal policies, procedures, and practices for risk management, safety, soundness, and regulatory compliance
• Coordinate specific work tasks with other personnel within the department and other departments to ensure smooth flow of information
• Communicate with management and staff to integrate goals and activities
• Respond to inquiries relating to particular area or requests from other Bank personnel, customers, etc., within given time frames and established policy
• Maintain appropriate records and provide assigned reports

Job Location: 1700 Avenue of the States, Suite 301, Lakewood, NJ 08701

Equipment/Machines: Telephone, PC/Computer keyboard, Printer, Copy machine, Fax machine, Scanner, Calculator

First Commerce is dedicated to providing people, businesses, and communities in our markets with high quality products and services with superior customer service. We provide products and services through secure, user-friendly technology and customer friendly locations. Our relationships are founded in our desire to be responsive to the financial needs of our customers in an atmosphere of personal attention, professionalism, trust, integrity and fairness. First Commerce prides itself on maintaining personal communications beginning