Commercial Credit Analyst II

2 weeks ago


Miami, Florida, United States First BanCorp Full time
Job Summary

As a Commercial Credit Analyst II at First BanCorp, you will play a critical role in working with the Senior Credit Officer to analyze and underwrite commercial loans, including multifamily, commercial real estate, and business loans. Your expertise will be essential in determining the feasibility and credit risk of granting loans, ensuring compliance with credit, underwriting standards, and lending/credit policies.

Key Responsibilities
  • Conduct thorough credit analysis and underwriting of commercial loan packages, evaluating financial statements, tax returns, appraisal reports, and other relevant documentation.
  • Prepare and review credit approval memorandums, including credit analysis, collateral cash flow analysis, debt service coverage ratios, and rent roll analysis.
  • Maintain ongoing communication with loan officers and customers to provide updates on transaction status, resolve discrepancies, and address customer concerns.
  • Present loan files to the loan officer, senior credit officer, or lending authority for discussion and conclusion, including department recommendations to management and/or the credit committee.
  • Assist the Senior Credit Officer with loan policies, quality control matters, loan review, and underwriting.
Competencies
  • Customer focus and relationship building
  • Effective communication and business acumen
  • Problem analysis and solution development
  • Ownership and vision
  • Collaboration and teamwork
  • Personal and professional development
  • Adaptability and innovation
Work Environment

This role is performed in a bank environment, requiring the ability to work in a fast-paced setting and represent the corporation at external events. You may be required to work extended hours, including holidays, as needed.

Physical Demands
  • Regularly required to sit, stand, walk, and maneuver around the office
  • Ability to lift and/or move up to 10 pounds
Requirements
  • Minimum two years' experience in banking/lending practices or a related field
  • English/Spanish communication skills required due to high volume of Hispanic customers
  • Able to work flexible hours according to department needs during peak times


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