Senior Commercial Finance Analyst

3 weeks ago


Parsippany, New Jersey, United States Blue Foundry Bank Full time
Job Overview

The estimated annual salary for this position is $80,000-$110,000.

At Blue Foundry Bank, we're revolutionizing the banking industry with our bold approach and commitment to innovation. As a key member of our team, you'll play a crucial role in supporting the underwriting, analysis, and management of commercial loans.

About Us

We're a bank that gets things done, driven by a passionate team of movers, shakers, and makers. Our comprehensive compensation package includes medical, dental, and vision coverage; life insurance; short- and long-term disability insurance; 401(k)/Roth with company match up to 5%; paid time off; 11 paid holidays; employee referral bonus; and educational reimbursement.

Key Responsibilities
  • Evaluate financial statements, market data, and property performance to assess the creditworthiness of borrowers and loan requests.
  • Collaborate with the Head of Commercial Banking to ensure loan transactions align with Blue Foundry's risk appetite and regulatory guidelines.
  • Conduct research by analyzing white papers, monitoring economic trends, and writing summaries to support strategic decision-making and business planning.
  • Identify leads for CRE and C&I loans using web-based tools and databases, and track new leads generated through research, phone, and online inquiries.
  • Prepare materials for monthly Board presentations, including analysis and data gathering, working closely with the Head of Commercial Banking.
Requirements

To succeed in this role, you'll need:

  • A bachelor's degree in finance, accounting, economics, business administration, or a related field.
  • 2-4 years of experience in commercial lending, credit analysis, or a related financial services role.
  • Advanced Excel skills, including aggregation and finance functions, data visualization, lookup formulas, and pivot tables.
  • Strong financial analysis and underwriting skills, with the ability to interpret complex financial statements and cash flow projections.
  • Proficient in conducting research on industry trends, economic conditions, and competitive landscapes.
What We Offer

We're committed to providing a supportive and inclusive work environment that allows our employees to thrive. Our benefits package includes:

  • Medical, dental, and vision coverage.
  • Life insurance.
  • Short- and long-term disability insurance.
  • 401(k)/Roth with company match up to 5%.
  • 12 weeks of paid parental leave.
  • Flexible work arrangements.
  • Mental health resources.
  • Professional development opportunities.


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