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Jr. Credit Analyst

3 months ago


Fair Lawn, United States Columbia Bank Full time
Job DescriptionJob Description

Summary: Assists in the preparation of commercial credit memorandums for loan approvals. Responsible for spreading financial statements to be used for basic financial analysis, research industry trends, collateral assessments, calculations of repayment sources as well as financial ratios and covenants and reviewing search reports. Additionally, reviews credit files to ensure appropriate documentation is on file, assess payment histories, cash flow and affirm risk ratings.

Job Responsibilities:

  • Assists in the gathering and assessment of relevant credit information pertaining to commercial credit transactions:
    • Spreads financial statements in program software to perform financial analysis and repayment assessment.
    • Performs various analytical calculations to assist in determining credit worthiness.
    • Prepares written credit analysis memorandums for lower level credit exposures.
    • Performs annual credit reviews
    • Assistance with running business and personal credit scores to determine approval or decline through an automated quick decision tool
    • Responsible for ensuring commercial credit transactions are in full compliance with all internal credit policies..
    • Performs other job-related duties as may be assigned.

Job Requirements:

  • Bachelor’s degree in Business Administration, Accounting, Finance, or other 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.

Columbia Bank and its affiliates is an Equal Opportunity Employer

Affirmative Action Employer/Males/Females/Protected Veterans/Individuals with Disabilities