Credit Analyst I

Company Overview:

Peapack Private Bank & Trust is a leader in wealth, lending and deposit solutions. At Peapack Private, our clients are cared for by a single point of contact and are served by empowered employees who consistently go above and beyond to provide exceptional service and offer a boutique private banking experience.

What makes Peapack Private different? We are an institution that has always believed in putting the well-being and needs of our employees and our clients first. We are proud to be recognized for the seventh consecutive year by American Banker as one of the "Best Banks to Work For" across the nation. In addition, we were selected as Crain's Best Places to work in NYC for our inaugural year, 2024. Our secret sauce in one word is our 'culture'.

At Peapack Private, we value a diverse and inclusive workspace, deeply committed to growing leaders at all levels of the organization thorough mentorship, career pathing, and professional development. There are multiple ways to build relationships and get involved - from joining our Cultural Ambassador Committee focused on areas like Wellness, Fun, Inclusion, or Environmental Awareness - to involvement in community service activities through Volunteerism. Said quite simply, the culture and the people who work here are amazing!

Position Overview:

Responsible for spreading and analyzing financial statements, completing quarterly/annual reviews to ensure compliance with financial covenant requirements as well as accuracy of loan rating. With guidance from senior team members, underwrite straightforward credit transactions.

Key Responsibilities:

Spread and analyze business and personal financial statements, basic projection modeling, accounts receivable and accounts payable agings; evaluate the information and prepare written presentations using current financial information and all other pertinent information

• Perform due diligence on prospective clients in order to obtain information used in the preparation of analysis
• Conduct industry analysis, risk grading and stress testing in the preparation of written credit analysis for commercial and industrial (C&I) and commercial real estate loans (CRE).
• Develop/hone underwriting skills by working with senior team members on new deals and reviews/renewals
• Attend meetings to discuss, as necessary, commercial credit proposals being presented by C&I and CRE Deal Teams
• Track the receipt of financial reporting packages and inform Private Bankers and UWs when borrower financial statements and reporting packages are due
• Work with Portfolio Manager to ensure that the receipt of financial reporting, covenant compliance and borrowing base information is properly recorded on Credit Track

Qualifications:

• Bachelor's degree in business, finance or accounting or equivalent experience preferred
• Ability to analyze balance sheets, income statements, and cash flow information
• Ability to analyze personal financial information as presented by Credit Bureaus
• Working knowledge of Microsoft Access & Outlook, Word, Excel, Co-Star, and Moody's
• Excellent verbal, written communication, and interpersonal skills
• Able to read, write, and speak English well
• Able to deal effectively, tactfully, and courteously with customers, visitors, and the personnel of other departments
• Ability to multi-task and meet deadlines
• Ability to maintain confidentiality of information

Benefits Overview:

We offer a competitive compensation package, a generous paid time off program, comprehensive medical, dental and vision coverage, maternity/paternity leave, a hybrid work environment (for most roles), education reimbursement, wellness programs and more. We also offer participation in an Employee Stock Purchase Program and a 401K with a generous match.

The approximate pay range for this position is $59,720 to $68,000, plus an opportunity to earn performance-based incentives. Please note that the pay range provided is a good faith estimate for the position at the time of posting. Final compensation may vary based on factors including, but not limited to knowledge, skills and abilities, as well as geographic location.

Note: Incentives and/or benefits packages may vary depending on the position.