Credit Analyst - NY

Location: New York, NY (Hybrid)

About Us

Popular is Puerto Rico’s leading financial institution, evolving since its founding over a century ago. From a small bank, it has grown into a large corporation offering a wide variety of financial services and solutions to customers in the United States, the Caribbean, and Latin America. We are dedicated to helping customers achieve their dreams by providing financial solutions at every stage of their lives. Our extensive trajectory reflects the resiliency and determination of our employees to innovate, deliver effective solutions, and support the communities we serve. Popular’s employees are considered essential workers, playing a critical role in maintaining continuity of financial services, even during emergencies or natural disasters.

Responsibilities

• Prepare written credit memorandums for all new loans, renewals, extensions, and modifications, assessing financial strengths and weaknesses of borrowers, risk assessments, guarantor strength, industry analysis, collateral, and loan structures with opinions on creditworthiness.
• Gather information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, appraisers, professional firms, and in-house data related to loan amounts, activity, profitability, and affiliate relationships.
• Assist in portfolio management activities, including completing Annual Financial Updates and Loan Management Reports on existing borrowers.
• Order and review third-party reports such as real estate appraisals.
• Spread financial statements using computerized financial software and analyze system-generated reports to prepare written reviews.
• Accompany account officers on client calls to gather additional information and better assess credit risks.
• Monitor loan compliance on existing customer accounts.
• Track the stages of active and pending loans.
• Analyze loans to highlight problems or questions and write final credit analyses.

Requirements

• Thorough knowledge of accounting and legal principles underlying bank documents.
• Bachelor’s Degree in Accounting or Finance with a minimum of 3 years of related experience.
• Computer literacy with fluency in Microsoft Office programs; advanced Excel analysis skills required.
• Ability to establish and maintain effective work relationships both internally and externally.
• Must be authorized to work for any employer in the United States; visa sponsorship is not available for this position.

Pay

Base salary for this position in New York generally ranges between $105,000 and $115,000 annually, depending on business need, qualifications, and experience. Base salary does not include incentive compensation, commission, or other remuneration or benefits.

Benefits

Popular offers a well-rounded benefits package for regular full-time and part-time employees, including:

• A comprehensive health plan.
• Flexible time off options.
• Savings and investment plans.

Seasonal or temporary employees are not eligible for these benefits. Certain positions may qualify for a hybrid work model, subject to organizational needs.