Overview
This is a hybrid role, with the expectation that time working will regularly take place inside and outside of a company office located in New York City or Morristown, New Jersey.
The Commercial Collateral Analyst assists in the review of collateral submitted by commercial customers. Serves as the point person for borrowers and reviews, analyzes, and reconciles documentation to verify their collateral value and potential to repay a loan. Ensures documentation complies with and meets the loan's financial requirements.
Responsibilities
Analysis - Sources, compiles, and interprets financial data or statements. Identifies factors that impact credit on both a quantitative and qualitative basis in order to inform credit relationships. Analyzes data for accuracy and efficiencies, effectively communicates analysis output.
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Reporting - Produces reports based on analysis and credit relationships. Identifies and communicates risk, process, or credit issues. Assists with other internal reporting projects as directed.
Documentation - Obtains and monitors financial documentation utilized in analysis efforts. Ensures accuracy, completeness, and consistency of documentation.
Business Support - Provides analytical insight and technical skill to lending activities, maintaining strong industry, risk, and policy knowledge to serve as a resource to associates. Recommends process improvements and assists in other duties as needed to facilitate department processes.
Qualifications
Bachelor's Degree
-OR-
High School Diploma or GED and 1 years of experience in Credit Review, Analysis or Financial Reporting
Additional Requirements:
Advanced written and verbal communication
Intermediate Microsoft Excel skills
Preferred Qualifications:
Bachelor's Degree in Business, Finance, Accounting and/or Economics
Banking and/or Finance industry experience
Financial statement analysis and/or trend analysis experience
Accounting experience
If hired in New York or New Jersey the base pay for this position is generally between $60,000.00 and $80,000.00. Actual starting base pay will be determined based on skills, experience, location, and other non-discriminatory factors permitted by law. For some roles, total compensation may also include variable incentives, bonuses, benefits, and/or other awards as outlined in the offer of employment.
Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.