Summary: Conducts complex credit investigations and analyzes credit information pertaining to commercial loans. Prepares credit analysis memorandums for presentation to lending and credit officers or loan committees. Provides guidance to credit analysts, Associate Development Program personnel and assistance to loan officers as needed. Furnishes information relative to credit inquiries.
Job Responsibilities:
Credit Analysis and Development
- Develops and analyzes credit information for use by lending and credit officers or committees in the making of lending decisions on new, renewal, or extension loans.Credit Analysis
- Reviews all pertinent credit and financial information
- Analyzes financial statements.
- Prepares credit analysis memorandums to determine credit-worthiness of commercial loan applicants.
- Exercises conservative judgement in approving Commercial Credit transactions or making recommendations for approval of these transactions to higher authorities.
Loan Officer Support
- Works directly with lending, business development and credit officers in structuring complex commercial borrowing transactions.
- Reviews Precision Lender reports to ensure that transactions meet required minimum return on equity and return on asset standards.
Annual File Reviews
- Performs portfolio maintenance responsibilities such as the preparation of annual credit file reviews.
Team Development
- Supervises and provides training to credit analysts.
Other Responsibilities
- Performs other duties as may be assigned.
Job Requirements:
- A Bachelor’s degree in Business Administration, Accounting, Finance, or other related field required.
- Minimum of 7 years experience as a Senior Commercial Credit Analyst required.
- Current or prior lending authority required
- Working knowledge and understanding of commercial loan products, policies, procedures and federal regulations.
- Strong aptitude for figures and accuracy.
- Proven problem solving, decision making, underwriting and analytical skills.
- Demonstrated knowledge of applied accounting and finance concepts as well as proficiency in performing detailed financial analyses.
- 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.
- Integrity, initiative, and a proven work ethic.
Columbia Bank offers the following 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.
Schedule:
- This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.
Columbia Bank and its affiliates is an Equal Opportunity Employer, including individuals with disabilities and veterans.
Skills Required
- Bachelor's degree in Business Administration, Accounting, Finance, or related field
- Minimum of 7 years experience as a Senior Commercial Credit Analyst
- Current or prior lending authority
- Working knowledge of commercial loan products, policies, procedures and federal regulations
- Strong aptitude for figures and accuracy
- Proven problem solving, decision making, underwriting and analytical skills
- Knowledge of applied accounting and finance concepts and proficiency in detailed financial analyses
- Ability to work independently and effectively under time constraints
- Ability to prioritize and manage multiple assignments with strong organizational and time management skills
- Excellent written and verbal communication skills
- Proficiency with computer software including MS Office and specialized credit analysis and lending software
- Integrity, initiative, and a proven work ethic
What We Do
You can Count on Columbia for all your personal banking needs in New Jersey. We’re more than just a bank – we’re your personal banker for life. As the largest independent bank in New Jersey, Columbia Bank is motivated by forming long-term relationships with our customers. Our team of experienced banking professionals provides our customers and the communities of New Jersey with unprecedented service and financial security. With conveniently located full-service branches in New Jersey, we believe that’s why individuals and families across New Jersey Count on Columbia to manage their personal bank accounts. Already have a personal bank account with us? We also offer business banking services, with the same service standard and financial stability that guide our personal bank account management. Whether we are helping you achieve your financial goals or helping the communities we serve through volunteering or our Columbia Bank Foundation, we strive to make Columbia Bank a place you can count on. Better Community Banking Starts Here.
