Commercial Credit Analyst jobs in New York
Commercial Credit Analyst collects, reviews, and analyzes data to prepare a detailed credit analysis that evaluates the terms and creditworthiness of commercial loan applications. Uses multiple sources of information, including financial statements, collateral appraisals, credit scores, and cash flow analysis, to assign risk ratings to loans and complete an analysis of the applicant's financial status. Being a Commercial Credit Analyst calculates debt-to-income (DTI) ratios to evaluate an applicant's ability to repay the loan. Prepares credit memos in a standardized format that includes key ratios, supporting information, an executive summary, and objective recommendations. Additionally, Commercial Credit Analyst presents credit reports to loan officers and loan committees. Requires a bachelor's degree. Typically reports to a supervisor or manager. The Commercial Credit Analyst work is closely managed. Works on projects/matters of limited complexity in a support role. To be a Commercial Credit Analyst typically requires 0-2 years of related experience. (Copyright 2024 Salary.com)
Recently Added Commercial Credit Analyst jobs
Commercial Credit Analyst I (On-Site)
- Heritage Financial Credit Union
-
Middletown, NY
FULL_TIME
-
Description
COME GROW WITH US!
We recently opened 2 new branches and are looking for talented and motivated individuals to join our team.
Heritage Financial Credit Union is a member-owned financial institution that is committed to helping our members achieve their financial goals and building a stronger community. We believe that everyone deserves access to affordable financial services, and we are dedicated to providing our members with the tools and resources they need to achieve their financial dreams.
Our vision is to be the leading financial institution in the communities we serve, and we are committed to creating a culture of excellence where our employees can thrive. We believe in creating a workplace where everyone feels valued and respected, and where we can all work together to achieve our goals. We recognize that our employees are our most important asset, and we are committed to providing them with the training, development, and opportunities they need to succeed.
Our values are at the heart of everything we do. We believe in:- Integrity: We are honest and trustworthy in all of our dealings with our members, employees, and the community.
- Excellence: We strive to provide our members with the best possible service.
- Teamwork: We believe that we can achieve more together than we can alone.
- Respect: We treat each other with dignity and respect.
- Community: We are committed to giving back to the communities we serve.
Position Description
Position Title: Commercial Credit Analyst I
Department: Commercial Lending
Classification: Non-Exempt
Salary Range: $29.30 - $38.46 per hour
REPORTING RELATIONSHIPS
Position reports to: AVP of Commercial Lending
Positions Supervised: N/A
POSITION PURPOSE
This on-site position is responsible to perform detailed financial analysis for all lending opportunities, prepare credit memos and other requests for presentation to loan committee. Perform annual credit reviews, ensure compliance with Credit Union’s policies and procedures, ensures timely collection and spreading of financial statements along with updated insurance binders provided by Borrowers.
Essential Functions And Responsibilities- Review business loan applications and supporting financial statements to determine the borrowing capacity, capitalization and cash flow dynamics for the applicant. Use analytical software to evaluate loan requests; performing the initial analysis required to complete all data fields, interpreting the results, including any externally derived credit scores, and determining the need for further investigation or analysis.
- Spread financial statements, calculating certain ratios, including measures of liquidity, leverage and cash flow, and submitting the request to the appropriate approval channel. Prepare the credit memorandum, as well as any other reports necessary, along with the appropriate recommendation for review by the appropriate loan committee.
- Attend Credit Loan Committee meetings, presenting summary information and participating in discussions on other loans being considered.
- Perform periodic reviews and/or renewals of commercial relationships and verify risk ratings
- Perform annual reviews on the commercial loan portfolio pursuant to the credit union guidelines.
- Performs other duties as assigned.
Education/Certification: 4 year college degree preferred plus 1 - 3 years’ underwriting experience, preferably dealing with commercial/business loans. Customer experience required.
Required knowledge: Basic accounting and/or business finance understanding and general economic conditions and competitor’s rates and terms etc. This position requires that the employee gain a working knowledge of Bank Secrecy Act (BSA) requirements and how they will affect their work, the employee will comply with all requirements of the BSA and cooperate with the designated BSA Officer in assuring compliance.
Experience Required: Experience using P.C. based software including Microsoft Office and lending systems etc.
Skills/Abilities: Ability to project a professional appearance and positive attitude at all times.
Excellent project management, communication and analytical skills. Bilingual a plus.
Equal Opportunity Statement
Employment at our Credit Union is based upon merit, ability, and qualifications. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected status. - 4 Days Ago
Commercial credit analyst
- Gpac
-
Westport, NY
FULL_TIME
- Commercial Credit Analyst posting : Commercial Credit Analyst Qualifications : POSITION SUMMARY : The Commercial Credit Analyst will support the lenders in underwriting requests for credit extensions ...
- 15 Days Ago
Commercial credit analyst
- Gpac
-
Irondequoit, NY
FULL_TIME
- Commercial Credit Analyst posting : Commercial Credit Analyst Qualifications : POSITION SUMMARY : The Commercial Credit Analyst will support the lenders in underwriting requests for credit extensions ...
- 15 Days Ago
Commercial credit analyst
- Gpac
-
Greenwich, NY
FULL_TIME
- Commercial Credit Analyst posting : POSITION SUMMARY : The Commercial Credit Analyst will support the lenders in underwriting requests for credit extensions to new and existing commercial clients. The...
- 15 Days Ago
Commercial credit analyst
- Gpac
-
Bellport, NY
FULL_TIME
- Commercial Credit Analyst posting : Commercial Credit Analyst Qualifications : POSITION SUMMARY : The Commercial Credit Analyst will support the lenders in underwriting requests for credit extensions ...
- 16 Days Ago
Commercial credit analyst
- Gpac
-
Oyster Bay, NY
FULL_TIME
- Commercial Credit Analyst posting : Commercial Credit Analyst Qualifications : POSITION SUMMARY : The Commercial Credit Analyst will support the lenders in underwriting requests for credit extensions ...
- 16 Days Ago
Commercial Credit Analyst jobs at Popular Companies
Commercial Credit Analyst
- First Volunteer
-
Chattanooga, TN
- A Commercial Underwriter with our growing bank is responsible for working with Credit Officers and Commercial Banking Ad...
- 6/10/2024 12:00:00 AM
Commercial Credit Analyst
- Ascendo Resources
-
- Our client is seeking a Commercial Credit Underwriter who will work primarily on credit analysis and underwriting of Mul...
- 6/10/2024 12:00:00 AM
Commercial Credit Analyst
- F&M Trust
-
Harrisburg, PA
- ABOUT THE ROLE F&M Trust is looking to hire an experienced Commercial Credit Analyst, which will be located at either ou...
- 6/9/2024 12:00:00 AM
Commercial Credit Analyst
- Holman, Inc.
-
Mount Laurel, NJ
- Holman is a family-owned, global automotive services organization anchored by our deeply rooted core values and principl...
- 6/9/2024 12:00:00 AM
Commercial Credit Analyst
- Monson Savings Bank
-
Wilbraham, MA
- If you're an experienced Commercial Credit Analyst interested in working for a local, community bank, then this is the p...
- 6/9/2024 12:00:00 AM
Dealer Commercial Credit Analyst
- Toyota Industries
-
Coppell, TX
- Job Description Who We Are: Based in Coppell, TX, Toyota Industries Commercial Finance (TICF) has over 200 associates an...
- 6/8/2024 12:00:00 AM
Commercial Credit Analyst II
- Maine Community Bank
-
Biddeford, ME
- Job Type Full-time Description Position Title: Commercial Credit Analyst II Department: Credit Administration Reports To...
- 6/8/2024 12:00:00 AM
Commercial Credit Analyst
- Westmark Credit Union
-
Idaho Falls, ID
- Discover the Westmark Difference!! Are you looking for a career? Do you want to be valued as an individual on a team? Do...
- 6/6/2024 12:00:00 AM
About New York
New York is a state in the Northeastern United States. New York was one of the original thirteen colonies that formed the United States.
New York covers 54,555 square miles (141,300 km2) and ranks as the 27th largest state by size.[3] The highest elevation in New York is Mount Marcy in the Adirondacks, at 5,344 feet (1,629 meters) above sea level; while the state's lowest point is at sea level, on the Atlantic Ocean.
In contrast with New York City's urban landscape, the vast majority of the state's geographic area is dominated by meadows, forests, rivers, farms, mountains, and lakes. Most of...
Source: Wikipedia (as of 04/17/2019). Read more from Wikipedia
Income Estimation for Commercial Credit Analyst jobs
$56,517 to $74,004
Most Popular Cities in New York for Commercial Credit Analyst Jobs
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