Credit Analyst
Haven Savings Bank - Paramus, NJ

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Based in Hoboken New Jersey, Haven Savings Bank has been serving our customers for over 75 years providing both residential and commercial lending supporting growing communities. Haven Savings Bank offers high quality financial services for both individuals and small companies.

This position is located in Paramus, NJ and reports to the Senior Commercial Lender. In this role, the qualified candidate will:

  • Support the Commercial Lenders in underwriting requests for credit extensions on commercial real estate for new and existing clients
  • Perform detailed financial analysis and property condition analysis on real estate collateral
  • Perform credit and personal financial statement analysis on companies, individuals, guarantors, and co-borrowers in order to determine repayment capacity based on cash flow statements, tax returns, and statements
  • Make specific recommendations to the Senior Commercial Lender on ways to improve a loan structure to increase the quality of the loan
  • Prepare monthly and/or quarterly reviews of existing borrowers in order to track compliance with various loan covenants as outlined in the Loan Agreement. Perform yearly reviews of borrower and property financial statements and make site inspections as needed
  • Assist with the preparation and presentation of loan committee packages
  • Accompany the Commercial Lenders on customer site visits to both meet and interview the applicant, and to make a detailed inspection of the subject property
  • Perform industry and geographical research and other due diligence as needed
  • Prepare Loan Commitments
  • Be familiar with Haven SB credit policies and practices and regulatory policies, to assist the bank in achieving compliance with the above and satisfactory ratings from internal and external auditors
  • Recommend changes to process to achieve greater efficiency

Requirements

Top candidates will possess the following:

  • College degree in finance, accounting or related field
  • Minimum of 8 - 10 years experience required
  • Strong analytical skills including the ability to read and assess individual and company financial statements, cash flow, industry and competitive analysis and projections
  • Strong background in commercial real estate lending including construction lending
  • Excellent organizational skills, attention to detail, and the ability to complete assignments in a timely manner with minimal direction
  • Strong written and verbal communication skills
  • Problem recognition and resolution skills
  • Ability to work independently and within a team
  • Proficient in various spreadsheet and word processing applications (Excel and Word are preferred), including the use of graphs and charts

We offer a competitive salary, excellent benefits, and an opportunity for growth. Haven Savings Bank is an Equal Opportunity/Affirmative Action employer committed to building a diverse workforce.

Only those under consideration for this position will be contacted.