Portfolio Credit Analyst

Spencer Savings Bank is one of the strongest community banks in New Jersey! With over $4 billion in asset size and 26 financial centers, Spencer continues to thrive and proudly services the tri-state area. In order to accomplish our goals, we need top talent like you! The Bank offers competitive compensation, comprehensive benefits, and opportunities for career growth.

We have a great opportunity to join the Commercial Real Estate (CRE) department as a Portfolio Credit Analyst based in Elmwood Park, NJ!

BASIC FUNCTION

Responsible for underwriting for the company and evaluating commercial real estate applications originated by the commercial real estate department.
MAJOR RESPONSIBILITIES
1. Underwrites mortgage loans on income-producing properties (multi-family, industrial, and interim/ construction loans). Transactions assigned are of moderate complex aspects. Work is generally independent and collaborative in nature.

2. Conduct an in depth analysis of the credit including financial analysis, cash flow analysis (business, personal and global), evaluation of repayment sources along with an overall credit risk assessment.

3. Works closely with Client Managers in structuring loans and recommends appropriate loan transactions.

4. Interacts with CRE brokers, appraisers, environmental engineers, and third-party vendors and bank personnel.

5. Prepares loan submissions for Department Manager, Senior Lending Officer and Credit Committee.

6. Assists in training other CRE employees.

7. Participates in internal audit examinations.

8. Maintains required knowledge related to bank credit policies, loan programs, and real estate markets.

9. Performs other duties as required.

JOB REQUIREMENTS

Education:

· College Degree, or equivalent related business experience.

Experience:

· Minimum of 2-5 years related experience required.

· Demonstrated ability to analyze tax returns, operating statements and pro-forma statements to calculate loan-to-value ratio and debt-coverage ratio.

· Familiarity with a financial calculator to perform payment, present value, future value and yield calculations.

· Excellent written/verbal communication skills required.

· Strong problem solving skills.

· Proficiency with various software programs including word processing and spreadsheet applications required.

As Spencer continues to grow, we are always seeking talented individuals to join our team. Please visit our Career site to view current job opportunities: www.spencersavings.com/careers

Inclusiveness

At Spencer Savings Bank, we are committed to fostering a diverse, equitable and inclusive environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve and creating an environment where every employee has the opportunity to reach their potential.

Equal Employment Opportunity (EEO)

Spencer Savings Bank provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

Job Type: Full-time

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee assistance program
• Flexible schedule
• Flexible spending account
• Health insurance
• Life insurance
• Paid time off
• Referral program
• Tuition reimbursement
• Vision insurance

Physical Setting:

• Office

Schedule:

• 8 hour shift
• Monday to Friday

Ability to commute/relocate:

• Elmwood Park, NJ 07407: Reliably commute or planning to relocate before starting work (Preferred)

Education:

• High school or equivalent (Required)

Experience:

• Underwriters & Credit Analysts: 2 years (Required)
• Commercial Real Estate: 2 years (Required)
• Portfolio Credit Analyst: 2 years (Preferred)

Work Location: One location