Commercial Credit Analyst I

Columbia Bank New Jersey is seeking a Commercial Credit Analyst I to prepare commercial credit memorandums for loan transactions. This entry-level role involves financial analysis, industry research, and ensuring compliance with internal credit policies.

Responsibilities

• Spread both business and personal financial statements to perform financial analysis and repayment assessment
• Conduct financial analysis, industry and market assessment, repayment capacity, collateral coverage, and an assessment of guarantor support on smaller CRE, C&I and Construction loan transactions through the preparation of written commercial credit memorandums
• Research and analyze third party industry and market reports. Review third party search reports including, but not limited to, UCC lien searches, personal credit reports, judgment searches, property searches
• Perform annual credit file reviews as needed
• Run business and personal credit scores to determine approval or decline through an automated quick decision tool
• Support the assignment of risk ratings and document upgrade and downgrade triggers in accordance with the Bank’s Internal Asset Review Policy
• Practice ability to independently build job knowledge and understand policies and procedures
• Make recommendations to management for process enhancement as needed
• Ensure commercial credit transactions are in full compliance with all internal credit policies
• Perform other job-related duties as may be assigned

Skills

• Bachelor's degree in Business Administration, Accounting, Finance, or another related field required
• Strong aptitude for figures and accuracy
• Proven problem solving, decision making, underwriting and analytical skills
• Ability to work independently, effectively, and efficiently under time constraints
• Ability to prioritize and manage multiple assignments with good organizational and time management skills
• Excellent written and verbal communication skills
• Demonstrated proficiency with computer software including MS Office applications and other specialized credit analysis and lending software

Benefits

• Medical, Dental, Vision and Rx which are contributory.
• Bonus programs.
• Employee Stock Option Program (ESOP).
• Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
• Paid Time Off (PTO) which includes Personal and Vacation Time.
• Paid Sick Time.
• Bank Holidays.
• Employees may participate in the 401k program.

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