Analyst, Credit Product Management
SUMMARY:
Perform credit analysis and assessment of existing and prospective clients and counterparties under direction of senior staff.
PRINCIPAL DUTIES AND RESPONSIBILITIES:
General Responsibilities:
• Prepare credit applications, including in-depth credit analysis, rating sheets and any other requested or required forms or information needed to complete a proper assessment of the customer/transaction.
• In-depth credit analysis should include historical financial analysis, industry and market analysis, transaction analysis (i.e. structure issues, collateral, etc.), and cash flow projections (as required).
• The application should identify the major trends, issues, risks, strengths and weaknesses of the customer/transaction, along with a complete assessment and recommendation.
• Review and/or preparation of legal documents in conjunction with the Legal Department or outside counsel.
• Prepare marketing materials and proposals (as required).
• Respond to various customer requests.
Marketing Responsibilities:
• Through industry knowledge, identify opportunities with both existing and prospect customers to pursue with senior officers.
• Contact agent banks to seek new opportunities and to obtain useful information for new transactions.
Monitoring Responsibilities:
• Monitor all customers, with publicly available information, on a daily basis according to the monitoring policy of the Division.
• Evaluate customers/transactions for changes in risk and make recommendations on any risk rating changes or other measures to be taken.
• Complete risk rating review for each customer/transaction as required.
• Collect and review financial statements, covenant compliance statements and other required information, on a timely basis.
• Ensure covenants are adhered to and that all required customer information is obtained in a timely manner.
• Monitor and report as required on any changes in industry/market trends.
Administrative Tasks:
• Assist and coordinate booking requests and other administrative functions with the Administration Group of the Division and Middle and Back Office at Harborside.
• Assist Team Leader with other administrative duties within the team, as assigned.
MINIMUM JOB REQUIREMENTS OR EXPERIENCE:
• Four-year college degree in Accounting, Business, Finance or Economics or strong quantitative background.
• Formalized Credit Training (preferred) from an accredited financial institution
• About 1 year credit experience in a financial institution.
• Effective oral and written communication skills.
• Strong PC skills, including knowledge of MS Word and Excel (modeling).
• Good interpersonal skills and a team oriented person.
We are an EEO/AA employer M/F/D/V. We maintain a drug-free workplace and perform pre-employment substance abuse testing.
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