Intercredit Bank N.A.
This position is responsible for due diligence, analytical and underwriting support, writing Credit Approval Memorandums ("CAM"), recommending and presenting to the Credit Committee decisions on Commercial Real Estate ("CRE") transactions, up to a highly complex level. CRE loan transactions include acquisitions, ground-up construction, repositioning, lease-up, and stabilized collateral assets. The analyst must ensure the portfolio remains creditworthy, compliant with the Credit Policy, and aligned with strategic targets, as dictated by management. Understanding and applying OCC ("Office of the Comptroller of the Currency") guidance and regulatory expectations is a critical part of being a Senior CRE Credit Analyst.
Although there is no direct supervisory responsibility, the position also may assist the CRE Credit Manager in the training and oversight of Junior Credit Analysts specializing in CRE. The individual must be fully experienced in all aspects of credit analysis. The major difference between this position and a Credit Analyst is the depth of experience, ability, and independent judgment that are required.
Duties & Responsibilities
Work with lenders or relationship managers to structure terms (e.g. amortization, covenants, recourse).
Analyze the creditworthiness of new and existing CRE borrowers, property cash flows (NOI, DSCR), market conditions, and collateral valuations.
Prepare credit analysis reports in the form of CAMs for use by lending officers and the Bank’s respective Credit Committees for their consideration to approve or deny credit facilities for corporations and individuals.
Assign the corresponding loan codes to each credit facility.
Verify that the required level of financial information submitted by the borrowers conforms to Bank’s policy.
Spread into the corresponding programs or Microsoft Excel the financial statements and/or tax returns submitted by the borrower or prospect client, including financial modeling of distinct CRE projects (including pro forma models, lease-up assumptions, and refinance analysis).
Analyze financial ratios derived from the spreading of the financial information, e.g. DSCR, Debt Yield, LTV, etc.
Review the comparative rental market analysis and draw appropriate conclusions.
Run and analyze appropriate credit reference reports such as CBI credit reports, and any other available credit reports.
Analyze background check reports such as OFAC, Lexis-Nexis, Google searches, county records and any other available public site.
Request and review credit references from other Lenders and other available informational sources.
Confirm the Bank’s collateral position by researching county and state sites to ascertain that no liens precede the Bank’s approved position.
Prepare credit analysis reports by presenting facts, and offering reasoned opinions in respect to the credit condition of the applicants/borrowers being reviewed.
Stress‑test financial models for adverse scenarios (e.g. declines in rent, increases in vacancy, interest rates, and cap rates).
Analyze and propose mitigants (e.g. reserves, guarantees, etc.).
Prepare industry study reports on the industries in which the Bank extends credit. Review the Bank's portfolio position in each industry being analyzed and assess the overall risk position being incurred.
Provide a clear assessment as to whether a proposed or existing loan is within established credit policy guidelines.
Conduct annual or periodic credit reviews.
Provide assistance to other Credit Analysts, the Credit Manager, and the Chief Credit Officer as needed.
Carry out any project as assigned by the Credit Manager or Chief Credit Officer.
Maintain extensive communication with Lending Officers providing assistance on the preparation of new loans and renewals.
Assist the Credit Department Manager and Chief Credit Officer in training and supervising more junior credit analysts by showing them how to spread and analyze financial statements, prepare market analysis, internal valuations, calculate and utilize financial ratios, understand and utilize cash flows, and evaluate all of the non‑numerical aspects of evaluating credit risk.
Help refine underwriting standards and risk appetite strategies.
Provide necessary support to Credit Manager and Chief Credit Officer.
Desirable Experience and Skills
Requires a Bachelor’s degree, preferably with a business or finance major. An advanced degree in business, finance, or economics is desirable.
A minimum of five (5) years previous credit training and experience is required, although six (6) or more years of such experience are desirable.
Experience in full lifecycle CRE transactions: acquisitions, refinancing, construction/development, repositioning, lease‑up, stabilization.
Proven track record with multiple property types (e.g. multifamily, office, industrial, retail, hotel, etc.).
Experience with sponsor/guarantor credit analysis, reviewing tax returns, financial statements, and guarantor global exposures.
Experience preparing credit approval packages and presenting to credit committees.
Requires strong knowledge and experience with word processing and spreadsheet software such as Microsoft Word and Excel. A high level of accuracy is important.
Work typically involves reading, large amount of writing, and substantial arithmetical calculations. Requires the ability to conduct research, strong conceptual and analytical skills, and the ability to write and speak effectively.
Fluency in both spoken and written Spanish is highly desirable.
Work is typically sedentary and requires the ability to work using computer equipment for up to 95 percent of the workday, but may require standing; occasional bending and stooping while accessing files and the ability to lift and carry up to 20 pounds.
Compliance with OFAC Regulations is the responsibility of ALL employees of the Bank. Employees are expected to be familiar with and have knowledge of the requirements of OFAC Regulations.
Intercredit Bank is an equal opportunity employer.
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Although there is no direct supervisory responsibility, the position also may assist the CRE Credit Manager in the training and oversight of Junior Credit Analysts specializing in CRE. The individual must be fully experienced in all aspects of credit analysis. The major difference between this position and a Credit Analyst is the depth of experience, ability, and independent judgment that are required.
Duties & Responsibilities
Work with lenders or relationship managers to structure terms (e.g. amortization, covenants, recourse).
Analyze the creditworthiness of new and existing CRE borrowers, property cash flows (NOI, DSCR), market conditions, and collateral valuations.
Prepare credit analysis reports in the form of CAMs for use by lending officers and the Bank’s respective Credit Committees for their consideration to approve or deny credit facilities for corporations and individuals.
Assign the corresponding loan codes to each credit facility.
Verify that the required level of financial information submitted by the borrowers conforms to Bank’s policy.
Spread into the corresponding programs or Microsoft Excel the financial statements and/or tax returns submitted by the borrower or prospect client, including financial modeling of distinct CRE projects (including pro forma models, lease-up assumptions, and refinance analysis).
Analyze financial ratios derived from the spreading of the financial information, e.g. DSCR, Debt Yield, LTV, etc.
Review the comparative rental market analysis and draw appropriate conclusions.
Run and analyze appropriate credit reference reports such as CBI credit reports, and any other available credit reports.
Analyze background check reports such as OFAC, Lexis-Nexis, Google searches, county records and any other available public site.
Request and review credit references from other Lenders and other available informational sources.
Confirm the Bank’s collateral position by researching county and state sites to ascertain that no liens precede the Bank’s approved position.
Prepare credit analysis reports by presenting facts, and offering reasoned opinions in respect to the credit condition of the applicants/borrowers being reviewed.
Stress‑test financial models for adverse scenarios (e.g. declines in rent, increases in vacancy, interest rates, and cap rates).
Analyze and propose mitigants (e.g. reserves, guarantees, etc.).
Prepare industry study reports on the industries in which the Bank extends credit. Review the Bank's portfolio position in each industry being analyzed and assess the overall risk position being incurred.
Provide a clear assessment as to whether a proposed or existing loan is within established credit policy guidelines.
Conduct annual or periodic credit reviews.
Provide assistance to other Credit Analysts, the Credit Manager, and the Chief Credit Officer as needed.
Carry out any project as assigned by the Credit Manager or Chief Credit Officer.
Maintain extensive communication with Lending Officers providing assistance on the preparation of new loans and renewals.
Assist the Credit Department Manager and Chief Credit Officer in training and supervising more junior credit analysts by showing them how to spread and analyze financial statements, prepare market analysis, internal valuations, calculate and utilize financial ratios, understand and utilize cash flows, and evaluate all of the non‑numerical aspects of evaluating credit risk.
Help refine underwriting standards and risk appetite strategies.
Provide necessary support to Credit Manager and Chief Credit Officer.
Desirable Experience and Skills
Requires a Bachelor’s degree, preferably with a business or finance major. An advanced degree in business, finance, or economics is desirable.
A minimum of five (5) years previous credit training and experience is required, although six (6) or more years of such experience are desirable.
Experience in full lifecycle CRE transactions: acquisitions, refinancing, construction/development, repositioning, lease‑up, stabilization.
Proven track record with multiple property types (e.g. multifamily, office, industrial, retail, hotel, etc.).
Experience with sponsor/guarantor credit analysis, reviewing tax returns, financial statements, and guarantor global exposures.
Experience preparing credit approval packages and presenting to credit committees.
Requires strong knowledge and experience with word processing and spreadsheet software such as Microsoft Word and Excel. A high level of accuracy is important.
Work typically involves reading, large amount of writing, and substantial arithmetical calculations. Requires the ability to conduct research, strong conceptual and analytical skills, and the ability to write and speak effectively.
Fluency in both spoken and written Spanish is highly desirable.
Work is typically sedentary and requires the ability to work using computer equipment for up to 95 percent of the workday, but may require standing; occasional bending and stooping while accessing files and the ability to lift and carry up to 20 pounds.
Compliance with OFAC Regulations is the responsibility of ALL employees of the Bank. Employees are expected to be familiar with and have knowledge of the requirements of OFAC Regulations.
Intercredit Bank is an equal opportunity employer.
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