Job Description

Our esteemed client is seeking a detail-oriented and experienced Senior Commercial Credit Analyst in the Bergen County, NJ area to conduct comprehensive credit investigations and financial analyses for commercial lending. This role is responsible for preparing in-depth credit memoranda, supporting lending decisions, performing annual reviews of existing loans, and providing mentorship to junior analysts. The position also offers key support to loan officers and participates in special projects as assigned.

Key Responsibilities:

Credit Analysis & Development

• Analyze complex credit data and financial statements to assess the creditworthiness of commercial clients for new, renewed, or extended loan requests.
• Prepare detailed credit memoranda with recommendations for lending officers and credit committees.
• Perform global and stand-alone debt service calculations using financial spreading software to evaluate borrower and guarantor repayment capacity.
• Investigate and verify all relevant credit sources, including third-party agency reports.
• Ensure proposed loans meet Ascendo’s internal policies, regulatory standards, and compliance guidelines.
• Monitor and validate adherence to all loan covenants and conditions.

Annual File Reviews

• Conduct annual reviews of existing commercial loan files.
• Perform financial and cash flow analysis, stress testing, and industry trend evaluation to identify risks.
• Recommend and justify changes in risk ratings as appropriate.

Loan Officer Support

• Attend customer meetings and site visits with loan officers to gain deeper insight into business operations.
• Prepare strategic talking points and analytical summaries for relationship management.

Team Development

• Provide guidance and mentoring to junior credit analysts.
• Support ongoing training efforts to enhance team capabilities in financial analysis and credit evaluation.

Other Duties

• Participate in special projects and perform other responsibilities as assigned by management.

Qualifications:

• Education: Bachelor’s degree in Business Administration, Finance, Accounting, or a related field required.
• Experience: Minimum of five (5) years of commercial credit analysis experience, preferably within a banking or financial services environment.
• Knowledge & Skills:
• Strong understanding of commercial loan structures, underwriting standards, and regulatory guidelines.
• Advanced knowledge of accounting principles, financial statement analysis, and risk assessment.
• Proficiency in credit analysis software and Microsoft Office Suite (Excel, Word, PowerPoint).
• Exceptional analytical, organizational, and problem-solving skills.
• Excellent verbal and written communication abilities.
• Proven ability to manage multiple priorities and deadlines independently.

Ascendo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against on the basis of disability

• Featured benefits
• Medical insurance
• Vision insurance
• Dental insurance
• 401(k)

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