Sterling National Bank Credit Analyst, Commercial Banking in New York, New York
Credit Analyst, Commercial Banking
Tracking Code 218879-912
Sterling National Bank is an organization committed to strong growth. Our significant accomplishments are a direct result of continuous hard work by our solid team of dedicated professionals. As we continue to grow and expand across all business sectors we seek talented individuals who can meet our demands for success.
Our competitive advantage is our people who tirelessly work to exceed expectations.
We have something special here at Sterling. We not only offer competitive salaries and comprehensive benefits we are also characterized by an unwavering commitment to high achievement, we offer a diverse environment hosting a multitude of dedicated, talented and driven individuals who value honesty, integrity and go above and beyond for their clients.
It’s an exciting time to work for Sterling National Bank. If you are looking for a unique employment experience and are driven to achieve in a dynamic growth-minded environment you have come to the right place.
What you will do:
Evaluate prospective and or existing real estate and or C&I opportunities by:
Spreading and analyzing current and proposed property and or business operating statements and/or tax returns and have a complete understanding of cash flow reports, financial ratios, trends, etc. Also spread personal financial statements and tax returns and be proficient in K-1 and cash flow analysis. Analyst must be able to identify recurring and non-recurring sources of cash flow, the property’s ability to cover debt service and ability of client/guarantor to support the property.
Underwrite real estate and or C&I credit narratives for new loans as well as for renewals, modifications and short-term extensions. This includes financial and risk analysis, purpose of loan, repayment sources, collateral, financial & reporting covenants, tenant analysis, and sponsor and project team summary. Analyst must be able to underwrite complex properties and guarantor credits.
Run credit reports on companies and individuals to assist in the analysis process. Conduct research on specific industries/companies and due diligence on sponsors and guarantors to assist team.
Create and maintain all loan and credit files. Must be able to take responsibility of the credit file used in approving each loan.
Performs other duties and responsibilities as required or assigned by supervisor.
Responsibilities include the following: 1) adhering to and complying with the applicable, federal and state laws, regulations and guidance, including those related to Anti-money laundering (i.e. Bank Secrecy Act, US PATRIOT Act, etc.) 2) adhering to Bank policies and procedures, 3) completing required training, 4) identifying and reporting suspicious activity to the AML Officer, and 5) knowing and verifying the identity of any customer(s) that enters into a relationship with the Bank
Embrace and deliver Sterling National Bank’s brand values and core competencies in everyday interaction. Exhibit ethical behavior and integrity in everyday business conduct.
2 years of experience in commercial real estate and or C&I credit analysis.
Must be currently working as a CRE and/or C&I credit analyst.
An undergraduate degree with the following competencies; Business Finance and Accounting to ensure proficiency with interpretation of financial statements, financial trends and, global cash flow analysis.
Proficient with all financial statements (Balance Sheet, Income Statement and Cash Flow Statement).
Significant loan monitoring and loan grading expertise.
Excellent oral and written communication skills as well as analytical, mathematical, and reasoning skills.
Demonstrated ability to develop and maintain positive working relationships with contacts across lines of business / clients.
Technical aptitude with Word, Excel and Outlook; knowledge of Access, Sageworks, Credit Track is a plus.
Job Location New York, New York, United States
Position Type Full-Time/Regular
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We are an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or any other protected class.