Credit Analyst Credit Analyst …

CIT Group
in San Diego, CA, United States
Permanent, Full time
Be the first to apply
Competitive
CIT Group
in San Diego, CA, United States
Permanent, Full time
Be the first to apply
Competitive
Credit Analyst
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  • Commercial Real Estate Credit Analyst - San Diego, CA Location US-CA-San Diego Job ID 32146 # Positions 1 Job Family Originations Support - Underwriting Type Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a leading national bank empowering businesses and personal savers with the financial agility to navigate their goals. We believe in helping customers turn their ideas into outcomes. Whether those customers are building a business or building their savings, CIT has the experience and agility to empower them to achieve their goals. At CIT, how we do business is just as important as what we do. Our social responsibility programs focus on driving financial and personal empowerment, supporting the environment and advancing wellness. CIT contributes to communities where we live, work and do business through charitable donations, community investments and employee volunteerism.

    Responsibilities

    Responsible for evaluating the credit worthiness of businesses and determining their ability to repay. Ensures that the proposed loan(s) meet Credit Policies and Guidelines. As a Senior Credit Analyst, you will work on the most complex deals in the portfolio. With limited oversight, works independently with ability to underwrite a deal from inception to full underwriting in a timely fashion.

    Essential Job Functions:

    • Spread financial statements and/or tax returns. Provide a written review of the details uncovered while analyzing the financial statements.
    • Prepare financial projections based on client input and other factors that will impact future results. Projections should include most likely scenario, best case scenario and breakeven/stressed scenario.
    • Identify material changes and trends on the financial statements and analyze the cash flow for the proposed deal.
    • Using critical thinking skills, analyze and make approval recommendations on loans.
    • Identify key risks and determine appropriate mitigates to those risks.
    • Present well-written credit packages for new loans, renewals and annual/quarterly reviews that clearly states the risks and key considerations for doing business with the client or prospect.
    • Routinely monitor loans for compliance. Ensure compliance with all established credit policies/guidelines and regulatory statutes.
    • Utilize external resources such as appraisals, rent rolls, industry information and market information to help determine adequacy of cash flow and collateral.
    • After analysis, make recommendations for loan structure, including collateral and covenants, ensuring the structure allows for the appropriate amount of risk for the bank.
    • Discuss loan structure with Relationship Managers and borrower, ensuring the structure allows for the appropriate amount of risk for the bank.
    • Based on identified risks related to borrower operations, industry/sector, collateral, etc., recommend appropriate risk rating. Complete thorough analysis of business and personal tax returns, financial statements, and risk analysis to determine credit quality.
    • With Relationship Managers, co-Lead credit discussions with Credit Officers, Senior Credit Officers and Executive Loan Committee.
    • Assist lending officers on credit matters and loans involving unusual situations or requiring close scrutiny.
    • Together with Portfolio Managers and Relationship Managers, stay on top of the portfolio reporting requirements, ensuring renewals, annual reviews and quarterly monitoring is completed in a timely manner to ensure monitoring is occurring.
    • Provide customer service to current and prospective borrowers, research borrower needs, answer questions, conduct routine research and solve routine problems. May attend client meetings as requested.
    • Remain current on policy or procedural changes and new product offerings.
    • Maintain customer confidence by keeping information confidential.
    • Provide guidance and technical support to Credit Analyst I and Credit Analyst IIs.
    • Complies with all related Federal, State and Industry laws and regulations pertaining to Banking.
    Qualifications
    • Minimum of 5-7 years of previous commercial credit analysis experience (or equivalent experience) required.
    • Strong analytical, mathematical and problem-solving skills with the ability to analyze and interpret quantitative data and formulate sound conclusions.
    • Thorough knowledge of banking, including an understanding of commercial real estate lending, regulations and bank policies and procedures.
    • Experience with preparation of financial projections, spreading financial statements and preparation of written analysis reports.
    • Strong organization and time-management skills, attention to detail with high degree of accuracy, and the ability to work independently.
    • Strong interpersonal, verbal and written communication skills.
    • Ability to maintain confidentiality of customer and credit information.
    • Sound judgment, decision-making ability, and the ability to work in pressure situations.
    • Working knowledge of various software packages, including word processing, spreadsheet, electronic mail and presentation, and banking systems.

    Preferred Qualifications:

    • BS/BA in Finance/Accounting/Business Management preferred.
    • Knowledge of banking, including an understanding of commercial lending and credit and appropriate banking laws, regulations and bank policies and procedures.

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