Credit Analyst I

Company: New York Community Bancorp, Inc.
Location: Hicksville
Posted on: May 11, 2022

Job Description:

JOB SUMMARY

The Credit Analyst I is responsible for performing the credit review and analysis for basic loan applications for various types of income producing properties and construction loans. This includes the review of financial statements, federal tax returns, credit reports, as well as any other required documentation necessary for determining adherence to the Bank's established underwriting policies and procedures. Also responsible for analyzing income and expenses for basic multifamily, mixed-use and commercial real estate loan transactions. Regular contact with internal departments and outside brokers and attorneys required.

ESSENTIAL FUNCTIONS

Performs credit review and analysis for routine loan applications for various types of income producing properties and construction loans. This includes: Financial statement / tax return analysis, an examination of organizational and legal documents for determining managerial capacity, and reviews and determines the acceptability of all other required application documentation as set forth in the Bank's Commercial Credit Policy Manual. Conducts credit investigations to determine acceptable historical character of applicants and principals from available reporting services including: The 3 major credit bureaus, Westlaw database, World-Check database, available internet based sources, current and / or former lenders, and conducts discussions with attorneys, brokers, accountants and applicants. Determines the acceptability of loan applicant based on the credit factors analyzed and within specified limits of authority. Refers more complex applicants to senior level Credit Analyst for decision. Prepares summaries, presents facts, and offers opinions and recommendations concerning the credit-worthiness of applicants to Senior Management. Conducts basic lease review analysis for loans with commercial tenants to ensure terms are in compliance with underwriting requirements. Conducts a comparison analysis of DHCR/Rent Regulation Filings (Filings) with the rent roll to ensure accuracy and conformance with underwriting policies and procedures. In instances of inconsistent information, analyst will review supporting documentation in order to make a determination of acceptability. Conducts an analysis of the rental arrears report in order to identify a potential concern of the actual cash flow and ensure conformance with underwriting policies and procedures. Analyzes income and expenses to ensure accuracy and conformance with underwriting policies and procedures. Communicates credit related issues directly with mortgage brokers and borrowers relative to the property being financed. Performs special projects, and additional duties and responsibilities as required. Where applicable and when performing the responsibilities of the job, employees are accountable to maintain Sarbanes-Oxley compliance and adhere to internal control policies and procedures.

EDUCATION AND EXPERIENCE

Bachelor's degree in Business Administration, finance, accounting, or related area

KNOWLEDGE, SKILLS AND ABILITIES

Basic knowledge of financial analysis techniques and financial principles. Basic knowledge of financial statements. Proficient in the use of Microsoft Word, Excel, Outlook, and internet searches. Excellent analytical and problem skills. Good written and verbal communication skills. Excellent organizational skills. Detail oriented. Ability to meet deadlines and work well under pressure.

NEW YORK COMMUNITY BANK.

Based in Hicksville, NY, New York Community Bank is a New York State-chartered savings bank serving customers throughout Metro New York, New Jersey, Ohio, Arizona and Florida. New York Community Bank serves customers through over 200 branches featuring a divisional structure: Queens County Savings Bank, Roslyn Savings Bank, Richmond County Savings Bank, Roosevelt Savings Bank and Atlantic Bank in New York; Garden State Community Bank in New Jersey; Ohio Savings Bank in Ohio; and AmTrust Bank in Florida and Arizona. With a longstanding reputation of strength, stability and service, NYCB is proud to be committed to the communities it serves.

To learn more about the NYCB Family of Banks visit us at www.MyNYCB.com .

Help recruit top talent for NYCB through the employee referral program. All NYCB employees are encouraged to submit referrals. Locate top talent right in the community where you live, work and play. Amazing individuals are all around be sure to let them know how they can become a part of the NYCB family.

NYCB is an equal opportunity employer that prohibits discrimination on the basis of race, color, age, sex, national origin, ethnicity, religion, marital status, disability, military status, veteran status, domestic violence victim status, gender identity or expression, sexual orientation, genetic information and any other classification protected by applicable federal, state, or local law or ordinance.

This policy against discrimination applies to all terms and conditions of employment including, but not limited to: recruitment and selection, promotion and demotion, transfer, training and development, compensation, benefits, leaves of absence and termination. NYCB will consider reasonable accommodations for employees and applicants with disabilities, as well as accommodations that are necessary for an employee to practice their religious faith.

New York Community BankNew York

Keywords: New York Community Bancorp, Inc., Hicksville , Credit Analyst I, Accounting, Auditing , Hicksville, New York