Senior Credit Analyst

Company Description

Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank”, is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 24th largest commercial bank in the New York area. the Bank provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment or any other legally protected category in accordance with applicable federal, state and local law.

Job Description

Uphold asset protection and sustain business growth through prudent credit analysis processes and MIS reporting. Contribute to a collaborative and productive environment with Business Units and an environment that properly controls and minimizes Credit losses

Perform financial property analysis for the Commerical Real Estate portfolios (New York, California and Florida) with high accuracy in a fast paced environment for both prospects and existing customers. Enter property level information, net operating income, rent rolls for all tenants and appraisal data in Moody’s Risk Analyst application. Spreading of financial statements and compilation of borrower information from various internal systems in support of the lending function.

• Provide back-up to the C&I credit analayst team, monthly reporting consisting of pledging to the FHLB for the commercial and real estate portfolios including assessment of eligibility, calculations based on property and loan data.
• Research credit worthiness using resources such as Dun and Bradstreet reports, industry information, and other resources
• Mentor and develop junior analysts to increase level of knowledge and improve quality of output. 
• Investigate and resolve account officer inquiries and requested revisions.Implement best practices and process improvement where appropriate
• Ensure that all work processed meets audit and compliance requirements
• Participate in department projects and initiatives as required
• Assist in testing and implementation of system enhancements as required
• Prepare and circulate departmental reports as assigned.
• Other duties as assigned.

#LI-Hybrid

Qualifications

• Minimum 3 years experience in a commercial real estate credit evaluation environment.
• Knowledge of Income Producing Real Estate property phases, i.e., Construction, Lease-Up and Stablized.

• Minimum 1-2 years experience in developing junior analysts

• BS degree in Accounting / Finance or business related field

• Working knowledge of commercial credit systems as well as corporate financial systems (i.e., Loans and Deposit Balances, Collateral & Doc Tracking). 
• Proficient in MS Office and other productivity software tools with a minimum intermediate level knowledge of Excel including aptitude working with large data pools. Knowledge of Moody’s Risk Analyst financial statement spreading software is a plus.

• Excellent research and analytical capabilities

• Strong verbal and written communication skills and comfort working with and supporting the Business Units
• Familiarity with legal documentation is a plus

Compensation

The expected annual base salary for this position is between $100,000 - $140,000 at the start of employment. A salary offer is determined on an individualized basis, taking into consideration factors such as an individual’s skills, experience, and book of business. In addition to base salary, our total rewards package also includes eligibility for incentive compensation, medical, pharmacy, dental, and vision plans, life and disability insurance, employee wellness program, retirement and savings plans with employer contributions, generous holiday and paid time off schedules, parental leave, and tuition reimbursement.

Additional Information

All your information will be kept confidential according to EEO guidelines.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.