Bachelor's degree in Business Administration, Accounting, Finance, or a related field required
Minimum of 7 years experience as a Senior Commercial Credit Analyst required
Current or prior lending authority required
Strong understanding of commercial loan products, policies, and regulations
Excellent analytical, problem-solving, and decision-making skills
Proficient in financial analysis and detailed financial reporting
Ability to manage multiple projects with strong time management skills
Excellent communication skills, both written and verbal
Responsibilities
Develop and assess credit information for lending decisions
Review and analyze credit and financial information
Prepare credit analysis memorandums for commercial loan applicants
Exercise judgment in approving or recommending commercial credit transactions
Collaborate with lending and credit officers on complex borrowing transactions
Check Precision Lender reports for compliance with financial standards
Conduct annual credit file reviews for portfolio maintenance
Supervise and train junior credit analysts
Benefits
Medical, Dental, Vision, and Rx insurance options
Bonus programs available
Employee Stock Option Program (ESOP) participation
Life Insurance and Long Term Disability coverage
Paid Time Off includes personal and vacation days
Paid Sick Time available
Observed Bank Holidays
401k program participation offered
Full Job Description
Summary: Conducts complex credit investigations and analyzes credit information pertaining to commercial loans. Prepares credit analysis memorandums for presentation to lending and credit officers or loan committees. Provides guidance to credit analysts, Associate Development Program personnel and assistance to loan officers as needed. Furnishes information relative to credit inquiries.
Job Responsibilities:
Credit Analysis and Development
Develops and analyzes credit information for use by lending and credit officers or committees in the making of lending decisions on new, renewal, or extension loans.Credit Analysis
Reviews all pertinent credit and financial information
Analyzes financial statements.
Prepares credit analysis memorandums to determine credit-worthiness of commercial loan applicants.
Exercises conservative judgement in approving Commercial Credit transactions or making recommendations for approval of these transactions to higher authorities.
Loan Officer Support
Works directly with lending, business development and credit officers in structuring complex commercial borrowing transactions.
Reviews Precision Lender reports to ensure that transactions meet required minimum return on equity and return on asset standards.
Annual File Reviews
Performs portfolio maintenance responsibilities such as the preparation of annual credit file reviews.
Team Development
Supervises and provides training to credit analysts.
Other Responsibilities
Performs other duties as may be assigned.
Job Requirements:
A Bachelor's degree in Business Administration, Accounting, Finance, or other related field required.
Minimum of 7 years experience as a Senior Commercial Credit Analyst required.
Current or prior lending authority required
Working knowledge and understanding of commercial loan products, policies, procedures and federal regulations.
Strong aptitude for figures and accuracy.
Proven problem solving, decision making, underwriting and analytical skills.
Demonstrated knowledge of applied accounting and finance concepts as well as proficiency in performing detailed financial analyses.
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.
Integrity, initiative, and a proven work ethic.
Columbia Bank offers the following benefits:
Medical, Dental, Vision and Rx which are contributory.
Bonus programs.
Employee Stock Option Program (ESOP).
Life Insurance, Long Term Disability and Accidental Death and Dismemberment (LTD&AD&D).
Paid Time Off (PTO) which includes Personal and Vacation Time.
Paid Sick Time.
Bank Holidays.
Employees may participate in the 401k program.
Schedule:
This role is eligible for a hybrid schedule: 3 days in the office and 2 days work from home, based on business needs. This arrangement may change without notice.
About Columbia Financial, Inc.
Columbia Financial, Inc. is a bank holding company headquartered in Fair Lawn, New Jersey. The company operates as a community bank providing a broad range of banking services to businesses and individuals in its markets. Columbia Financial operates through its wholly-owned subsidiary, Columbia Bank, which has over 60 branches in New Jersey. The bank offers a range of deposit products, including checking accounts, savings accounts, and certificates of deposit, as well as loan products, such as commercial and consumer loans, real estate loans, and agricultural loans. Columbia Financial was founded in 1927 and went public in 2019.
