Credit Analyst I

Commercial Loan Analyst

At OceanFirst Bank, each one of our employees plays an important role in delivering value to our customers and executing daily tasks in accordance with our core values. We recognize that our employees are essential to our success, making OceanFirst a great place to work and do business. Great benefits include: employee perks & discount programs, tuition assistance, incentive compensation program, professional development opportunities, and more!

Under guidance of the Credit management, perform analysis of commercial loan requests and borrower information including but not limited to financial analysis, operating performance, industry trends and economic conditions to make initial assessment of credit worthiness. Provide analysis detail and written summaries that facilitate and support the assignment of credit risk rating. Document any deviations from the Commercial Loan Policy as appropriate.

Under guidance and direction, perform detailed credit analysis of commercial loan requests and borrower information, including financial statements synopsis, management profiles, business and product cycles, cash flow and trends, operating analysis and debt service calculation. Loan relationships generally include single facility companies and basic collateral relationships within more common industries. With direction, conduct preliminary assessment of credit worthiness of borrower; review historical operating performance and research economic and market conditions as they relate to the borrower's company and industry. Research industry specific information from outside sources, which may include industry publications, area libraries, references from other banks, credit agencies, and internet searches and information sites. Perform preliminary analysis of collateral. Assess the quality and source of collateral being pledged. Under guidance of lending staff, apply an appropriate discount factor to determine an estimation of collateral. Perform preliminary analysis of a guarantor's financial position and construct personal net cash flow through investigation of personal financial statements, personal tax returns and credit reporting documentation. Develop an understanding of any contingent liabilities and prepares summary. Assist in the preparation of the initial assessment that summarizes key strengths and risks and includes identification of any deviations from the Bank's Commercial Loan policy. Under guidance of senior commercial lending team, become familiar with alternative structures in order to reduce credit risk. Under guidance and direction recommended a credit risk rating. Assist in preparation of loan package for presentation and/or approval including the preparation of spreads, cash flows and other required attachments. Partner with lending team to conduct thorough annual reviews of current portfolio clients including review of financials, site visits, assessment of general business information and other factors that would be indicators of risk. Ensure that all work is in compliance with applicable laws, regulations and company guidelines as detailed in company policies. Seek guidance from senior credit staff as necessary and appropriate to resolve potential issues. Develop knowledge of Company and department systems, practices, and policies. Actively participate in training programs and opportunities to expand knowledge and analytical abilities. Participate in special projects and performs additional duties as required. Understands compliance with all regulations governing the banking industry, as well as agency guidelines and organization policies. Understands the compliance requirements to ensure files are maintained in accordance with regulations.

Basic knowledge of credit and financial analysis techniques. Understanding of business, finance, accounting, and economic factors affecting credit analysis and issuance of credit. General knowledge of the lending process and ability to interpret the policies & procedures governing commercial credit. Demonstrated written and verbal communication, and listening skills. Demonstrated interpersonal skills, and proven ability to work in a team environment. Strong organizational skills, ability to set priorities in a multi-task environment and meet deadlines. Demonstrated proficiency with MS Office, specific capability in Word and Excel. Ability to maintain the confidentiality of credit and customer information.

Bachelor's degree in Business Administration, Finance, Accounting, or Economics, or equivalent related work experience. Demonstrated work experience in an office environment; preferably in banking/financial services.

Internal contact with Lenders and Portfolio Manager. External customer, prospect and referral source contacts. Office environment. Ability to operate computer. Ability to communicate in order to exchange simple to complex information with individuals and groups. Ability to travel throughout Bank footprint. Salary Range: $48,460.00 - $72,370.00