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Commercial Credit Associate

Company: Valley National Bank
Location: Wayne
Posted on: May 18, 2023

Job Description:

Job Description

The Commercial CreditAssociate participates in a formal credit training program designed for entry level employees pursuing a career in credit underwriting, commercial lending, or other credit related fields. The primary objective of the training program is to develop skilled credit underwriters who have a solid and comprehensive understanding of commercial credit principles necessary to evaluate and underwrite commercial loan requests.

The Credit Underwriting/Risk Division serves as an independent key resource in the Bank's loan decision process by providing independent, thorough analysis of loans in the Commercial Loan and Commercial Real Estate portfolios in conformance with Bank policy and regulatory requirements.

Responsibilities include but are not limited to:

  • Participates in credit training classes with proficiency evaluated through graded case work and testing. Training requirements, assigned tasks, and performance expectations must be met to proceed in the program.
  • Prepares basic credit packages including credit analysis for extensions, modifications, and renewals of existing loan facilities and new loan requests.
  • Spreads business financial statements using the Baker Hill/One Point system.
  • Analyzes a company's operating performance and financial condition to understand business trends and to identify credit risks.
  • Conducts cash flow analysis to evaluate loan repayment ability.
  • Spreads and analyzes personal financial statements to evaluate personal liquidity, personal debt levels, and contingencies.
  • Assesses collateral coverage.
  • Performs industry/market analysis to identify industry trends and risks.
  • Prepares loan offering and related forms for the credit package.
  • Identifies and reports credit policy and underwriting experience.
  • Completes underwriting requests within expected timeframes to meet assignment deadlines.
  • Understands credit policies and is able to follow department procedures.


    Required Skills:

    • Strong analytical abilities and problem solving skills.
    • Strong organizational skills with attention to detail.
    • Excellent communication skills; express ideas and convey technical information in writing and verbally.
    • Proficient in Microsoft Word and Excel and performing internet searches.
    • Basic math skills including the ability to compute ratios.
    • Ability to work in a fast paced environment and move quickly through assignments to ensure deadlines are met.
    • Ability to work effectively with individuals and groups to manage internal and external customer relationships.
    • Ability to read, interpret, and comprehend policies, procedures, and training materials.

      Required Experience:

      • Bachelor's Degree in a related discipline preferably in Business, Accounting, or Finance.
      • Completion of at least two college level accounting classes and one college level finance class preferred.
      • Minimum 3.0 GPA preferred.
      • Completion of a business related internship preferred.

Keywords: Valley National Bank, Wayne , Commercial Credit Associate, Other , Wayne, New Jersey

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