Sr. Credit Analyst

Sr. Credit Analyst Location: New York, NY Workplace Type: Hybrid We are looking for a senior Commercial Real Estate credit analyst to join our Commercial Banking Team in New York, NY. In this position you will be responsible for the support of quality loan origination and the full assessment of CRE credits associated with Multifamily Residential Mortgages, Mixed-Use Mortgages, Commercial Mortgages and Construction Loans. Responsibilities Perform thorough evaluations on various types of commercial real estate of varying sizes, but mainly on assets greater than $10MM with most between $10MM to $40MM. Work with Relationship Managers to resolve property/borrower issues that arise during the underwriting process. Utilize financial models for real estate transactions and analyze the ratios and values produced by the models for preparation of credit approval memorandums. Conduct reviews of third-party reports including appraisals completed by third-party appraisers and Environmental reports. Review appraisals for accuracy and communicate with the bank’s in-house appraiser to resolve deficiencies on the report with third-party appraisers. Analyze loans relative to the loan structure, cash flow (historical and projected), rent rolls and leases, collateral, market/neighborhood, guarantor, and overall strengths and weaknesses of the deal. For construction loans, analyze the Development Project, Developer’s experience, Construction Budget and Engineer’s Plan and Cost Report, among others. Provide opinions as to the creditworthiness of the Borrower and assess the Borrower’s appropriate risk rating based on the bank’s criteria. Prepare well‑organized, thorough, and concise written credit memorandums on new loans, renewals, extension, and modifications for approval. Participate in weekly Credit Pipeline meeting to provide status on assigned deals. Assist in portfolio management activities such as completing Annual Financial Updates and Loan Management Reports on existing borrowers. Perform other underwriting related activities as directed by the Senior Credit Officer/Credit Officer including screening new deals, among others. Qualifications Bachelor’s degree preferred. MBA or CFA a plus. Minimum 5-7 years of current experience in Commercial Real Estate Underwriting required. Construction underwriting experience a plus. C&I experience (with owner‑occupied Real Estate) a plus. Computer literate; fluency in Microsoft Office programs, particularly Excel analysis required. Strong verbal, written, and interpersonal skills. Effective report writing and other written communication skills. Detail‑oriented and organized. Ability to solve problems, make decisions, juggle underwriting of multiple deals, prioritize tasks, and meet required deadlines. Ability to highlight loan risks or any problems or questions during the deal underwriting phase and prior to finalizing the analysis. Ability to make decisions quickly and confidently based upon the analysis. Ability to work independently with minimal supervision. Clear verbal communication with internal customers as well as external customers and third‑party participants (as needed). Ability to establish and maintain effective work relationships both internally and externally. Salary & Benefits Base salary for this position located in New York City generally ranges between $125,000.00 and $135,000.00 annually, depending on business need and on your qualifications and experience. Base salary does not include incentive compensation, commission, or any other type of remuneration or benefits. In addition to salary, Popular’s well‑rounded benefits package for full‑time and part‑time employees includes a comprehensive health plan, flexible time‑off options, and savings and investment plans. Seasonal/temporary employees are not eligible for these benefits. Important: The candidate must provide evidence of academic preparation or courses related to the job posting, if necessary. Applicants must be authorized to work for any employer in the United States. This position is not open to applicants who need visa sponsorship or transfer of visa sponsorship at this time. Equal Opportunity & Drug‑Free Workplace Popular is an Equal Opportunity Employer, including Disability/Vets. Popular is a Drug Free Workplace. #J-18808-Ljbffr