Job Description

Commercial Credit Analyst

Credit Underwriting Department

FirstBank PR

Our Company

At FirstBank PR, we strive to be trusted advisors to our clients, and our employees are the ones that ensure we deliver on our promise of excellence in personalized customer service. Our more than 3,100 employees in Puerto Rico, the Virgin Islands and Florida share a passion for excellent customer service. We are proud of our team because they are continuously surpassing our client’s expectations.

Do you have a passion for helping customers, building relationships, and delivering extraordinary, personalized customer service? If your answer is yes, FirstBank is the number one place for you.

A Brief Overview :

The Credit Analyst assists the Senior and Staff Credit Officers in the analysis of existing and prospective borrowers’ financial needs. The Analyst is responsible for completing the first credit review and provide insights and recommendations to the Senior/Staff Credit Officer and determines the appropriate authority level required for each transaction assigned and establishing its workflow. The Analyst also monitors compliance with Federal Regulations and Bank Policies, as well as the accuracy and completeness of Credit Approval Memorandums (CAM).

What You’ll Need to Succeed :

· Analyzes and structures credit requests for new and existing borrowers within established performance standards on a timely basis.

· Reviews credit memoranda (CAM) with corresponding attachments, to accurately identify pertinent credit risks and provide applicable recommendations.

· Reviews and validate all financial data and calculations, and reviewing all pertinent terms and conditions contained in CAMs.

· Assist the Senior/Staff Credit Officers with the review and sign-off of all term sheets presented by the line of business

· Reviews and presents recommendations of daily Overdrafts and ACH requests.

· Timely preparation of Management and BOD Credit Committees’ materials

· Monthly monitoring of delinquency and covenant compliance of portfolio assigned

· Assist the Senior/Staff Credit Officers and Closing Department in the review and sign-off of closing exceptions and documentations.

· Maintains portfolio data and statistics updated for Department Head, follows up to assure compliance with Department’s quarterly/annual review schedule and other reporting requirements and assists in the preparation of presentations and special projects.

Competencies:

· Strong interpersonal communication skills

· Strong problem recognition and solutions skills

· Leadership Skills

· Computer software proficiency (Excel and financial models a must)

· Knowledge of commercial / corporate credit practices

· Write, speak and comprehend English and Spanish

· Team work oriented

· Strong communication skills

· Strong analytic thinking capacity

What You’ll Need:

· A bachelor’s degree in business in Finance and/or Accounting is required for this position.

· The incumbent must have a minimum of 3 years of experience in a similar position, preferably in the financial services industry.

· This experience must include analysis of financial statements, financial modeling, and projections.

Disclaimer: The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties, skills required of personnel so classified. The reporting relationship may not reflect the most recent changes to the corporate reporting structure.

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