Hybrid/New York, NY
Salary Range: $90,000 - $110,000
The Commercial Credit Analyst assists in the screening and underwriting of new prospects, and actively manages a portfolio of accounts for Apple Bank. This position is responsible for risk grading and risk analysis/credit approval for underwriting, amendments, renewals and/or modifications, related documentation, as well as the organized tracking and monitoring of account and portfolio performance under the guidance of the Senior Portfolio Manager.
ESSENTIAL DUTIES & RESPONSIBILITIES
- Assist in establishing a monitoring process for the loan portfolio and establish efficient and effective risk management reporting tools, in collaboration with management, Loan Administration and operations staff, as well as other key stakeholders.
- Evaluate accounts and credit facilities by performing financial statement analysis, reviewing spreads, calculating adherence to compliance statements and loan covenants, and assessing the overall risk within the client's business, industry, customer base and geography.
- Ensure portfolio data is accurate, timely, and complete to ensure strong quality and reporting capabilities.
- Approve advance requests, in coordination with the Senior Portfolio Manager and Loan Administration.
- Conduct post-closing credit file and maintain post-closing files.
- Provide data and analyses in support of reserving and/or write-off actions of the organization as requested.
- Maintain trend cards on a timely basis and ensure that files are kept up to date and orderly.
- Prepare and present account updates to senior leadership during quarterly portfolio review.
- Participate in client calls and onsite visits to gain exposure to clients.
- Exposure to more complex deals through mentorship with seasoned underwriters and portfolio managers, deal shadowing and other learning opportunities.
ADDITIONAL DUTIES & RESPONSIBILITIES Assist Senior Portfolio Manager in the evaluation of loan amendments, increases, extensions, and modifications:
- Prepare and present deal-screening memorandum and prepare approval memorandum.
- Run risk rating model; analyze and interpret risk rating results and support rating recommendation.
- Analyze borrower/guarantor financial condition and assess credit risk; perform cash flow and collateral analysis, base case and downside analysis, and credit metrics to determine credit risk.
- Develop a strong working knowledge of, and ensure compliance with, internal bank commercial loan policy, credit risk management policy, and external regulatory requirements; identify and report exceptions and mitigate.
- Assess industry/market/external factors impact on the credit transaction.
- Monitor adequate completion of credit approval process, closing and post approval items.
- Participate in ongoing pipeline meetings.
OTHER
- Perform other duties as requested as well as ad hoc tasks and projects.
SKILLS, EDUCATION, & EXPERIENCE
- Bachelor degree required, preferably in Finance or Economics.
- 1-3 years of relevant experience.
- Experience with CLOs preferred.
- Proficient analytical and financial modeling capability.
- Must be proficient in MS suite of products (Word, Excel, & PowerPoint). Experience with Intex is desired and preferred.
- Detail-oriented with a focus on delivering quality results
- Self-starter with excellent communication skills (verbal + written).
- Ability to prioritize work assignments; flexible in dealing with a changing work environment, customer service oriented and a strong sense of urgency.
Visa sponsorship not available. We are an equal opportunity employer and do not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, disability, military and/or veteran status, or any other Federal or State legally-protected classes.
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Apple Bank for Savings
Feb 11, 2025