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About the Role
Support the credit underwriting and portfolio management functions for the underwriting teams. Responsible for spreading and analyzing a variety of financial statements; learn to analyze financial data, assess creditworthiness, and conduct quarterly/annual reviews to ensure compliance with financial covenant requirements and accuracy of loan rating. The ideal candidate is detail-oriented, analytical, and eager to develop in a commercial banking environment.
Responsibilities
- Spread and analyze business and guarantor financial statements, rent rolls, income & expense statements, accounts receivable and accounts payable agings, and basic projection modeling to determine financial health and repayment capacity.
- Assist underwriters and private bankers in preparing detailed credit memos for new and existing commercial loan requests.
- Evaluate borrower creditworthiness, industry risks, collateral adequacy, and loan structures in accordance with bank policies.
- Conduct ongoing monitoring of assigned loan portfolios, including annual reviews, covenant monitoring, risk rating, and identifying potential credit issues.
- Prepare applicable charts/ratios in the preparation of written credit analysis used in both reviews and approval memos.
- Attend meetings with underwriters and bankers to discuss credit loan proposals.
- Ensure the receipt of financial reporting, covenant compliance, and borrowing base information is properly recorded in the bank’s loan origination system, maintain accurate credit files, and support internal and external audit reviews.
- Work closely with commercial private bankers, loan operations, and credit administration.
Requirements
- Ability to analyze balance sheets, income statements, and cash flow information.
- Ability to analyze personal financial information as presented by Credit Bureaus.
- Working knowledge of Microsoft Excel, Word, and Outlook.
- Excellent verbal, written communication, and interpersonal skills.
- Able to deal effectively, tactfully, and courteously with customers, visitors, and the personnel of other departments.
- Ability to multi-task and meet deadlines.
- Ability to maintain confidentiality of information.
Skills
- Financial statement analysis
- Credit analysis
- Portfolio management
- Microsoft Excel
- Microsoft Word
- Microsoft Outlook
- Communication skills
- Interpersonal skills
- Detail-oriented
- Analytical skills
Location
- Peapack, New Jersey
Work Type
- Full-time
Experience Level
- Entry-level
Education Level
- Bachelor's degree in business, finance or accounting or equivalent experience preferred
Salary/Compensations
- $72,300 to $75,000
Benefits
- Competitive compensation package
- Generous paid time off program
- Comprehensive medical, dental, and vision coverage
- Maternity/paternity leave
- Education reimbursement
- Wellness programs
- Employee Stock Purchase Program
- 401K with a generous match
- Performance-based incentives
About the Company
- Peapack Private Bank & Trust is a well-recognized, high-performing boutique bank and a leader in wealth, lending, and deposit solutions.
- We provide a broad range of sought-after products and services designed to help our clients establish, maintain, and grow their legacy through an innovative approach to private banking.
- As an institution with over 100 years of history, we have always believed in putting the well-being and needs of our employees and clients first.
- Proudly recognized by American Banker for the eighth consecutive year as one of the nation’s “Best Banks to Work For.”
- Our culture values a diverse, equitable, inclusive, and safe workplace.
- We treat one another like family and communicate across the Bank in a transparent and frequent manner, respect and consider feedback from all levels, and operate with a philosophy grounded in hospitality and genuine human kindness.
- Opportunities to get involved include joining Cultural Ambassador sub-committees (Wellness, Employee Fun, Diversity & Inclusion, or Environmental Awareness), participating in community service activities through our Volunteerism outreach, or joining LIFT (Leading Inspiring Females Together).
Equal Opportunity
- We value a diverse, equitable, inclusive, and safe workplace.