Credit Analyst II

At OceanFirst Bank, each employee 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: On-site fitness facility at Red Bank and Toms River headquarters Employee perks & discount programs Tuition assistance Incentive compensation program Professional development opportunities More Responsibilities 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. 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 external sources such as industry publications, libraries, other banks, credit agencies, and internet searches. Analyze secondary sources of repayment such as collateral; assess quality and source of collateral pledged and apply an appropriate discount factor to estimate collateral marketability. Analyze a guarantor's financial position and construct personal net cash flow by investigating personal financial statements, tax returns, and credit reporting documentation; develop understanding of contingent liabilities and prepare summary. Assist in the preparation of the initial assessment that summarizes key strengths and risks and identifies deviations from the Bank's Commercial Loan policy. Become familiar with alternative structures under guidance of senior commercial lending team to reduce credit risk. Assign a credit risk rating. Prepare comprehensive written analyses for loan proposals including summary of financial statements, cash flow trends, management profiles, business and product cycles, operating performance and appropriate economic and market research. Prepare in‑depth loan package with detailed analysis and recommendations for presentation to reviewers and/or Management Credit Committee, and attend the committee to provide input and answer questions. 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 risk indicators. Ensure all work complies with applicable laws, regulations and company guidelines; seek guidance from senior credit staff as necessary. Develop knowledge of company and department systems, practices, and policies; actively participate in training programs and opportunities for growth. Participate in special projects and perform additional duties as required. Understand compliance with all regulations governing the banking industry, agency guidelines and organization policies. Ensure files are maintained in accordance with regulations. Qualifications Working knowledge of commercial lending process and demonstrated credit evaluation and underwriting ability with independent credit assessments. Knowledge of credit approval policy and process, ability to interpret lending policy and apply it to portfolio management. Knowledge of qualitative portfolio analytics and metrics with ability to use automated and analytical tools. Ability to identify and quantify business risks and key drivers of risk and focus decisions accordingly. Ability to understand client industry and its general fit to portfolio parameters. Working knowledge of banking regulations and laws governing commercial lending. Strong written and oral communication skills for effective communication of financial analysis. Strong organizational skills with ability to set priorities and meet deadlines in a multi‑task environment. Demonstrated proficiency with Microsoft Office, specifically Word and Excel. Ability to maintain confidentiality of credit and customer information. Requirements Bachelor's degree in Business Administration, Finance, Accounting, or Economics, or equivalent related work experience. 2–5 years of experience in a commercial credit lending environment with progressively responsible experience in credit evaluation, portfolio risk assessment and underwriting. Compensation Salary Range – $60,000.00 – $85,000.00 per year. Contacts Internal: Lenders and Portfolio Manager. External: Customer, prospect and referral source contacts. Working Conditions / Physical Requirements Office environment. Ability to operate a computer. Ability to communicate varying levels of complexity with individuals and groups. Ability to travel throughout the Bank footprint. Equal opportunity employer, protected veterans/disabled. #J-18808-Ljbffr