Special Assets Analyst at ConnectOne Bank

Englewood Cliffs, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

24 May, 26

Salary

37.0

Posted On

23 Feb, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Financial Statement Analysis, Collateral Analysis, Risk Rating Recommendations, Trend Analysis, Credit Analysis, Loan Structure Recommendations, Workout Strategies, Bankruptcy Review, Loan Reviews, Criticized Loans Monitoring, Federal Banking Regulations, State Banking Regulations, Accounting Principles, Credit Concepts, Loan Documentation, Organizational Skills

Industry

Banking

Description

Description About us: ConnectOne Bank proves that putting people first is a better way to do business. At ConnectOne, we’re builders — of businesses, communities, and equity. Most importantly, we’re building opportunities. Our mission is to ensure our employees feel empowered to make important decisions, reach their potential and truly make an impact. ConnectOne is a growth organization by design; it is part of our DNA and we take pride in seeing our employees grow with us. Founded in 2005 by an entrepreneur, we have grown into a high-performing commercial bank, inspiring a new model for our industry’s future. By embracing technology and all the ways it can help us become a world-class service organization, we support small business owners by fueling their mission. People First is the blueprint for our culture. It is at the foundation of everything we do and the decisions we make. At ConnectOne, you have the opportunity to be a part of a dynamic culture and team. Develop your forward-thinking skills, thrive in an entrepreneurial setting, and succeed at “a better place to be”. ConnectOne Bank is an Equal Housing and Equal Opportunity Lender, and a member of the Federal Deposit Insurance Corporation. About this role: The Special Assets Analyst assists with the written analysis of loans in the Bank’s portfolio, and identifies policy exceptions and other credit issues in order to identify and protect the asset quality of the Bank’s commercial loans. In this role you will: Support the Bank’s “People First” focus and rules of engagement—maintaining a professional demeanor, working as an active member of the CNOB team, providing all clients excellent service, always striving to make CNOB “A Better Place to Be”. Assist with all aspects of preparing credit analyses for loans including financial statement analysis, collateral analysis, risk rating recommendations, trend analysis, and identifying the credit’s strengths and weaknesses. Assist in the preparation of written recommendations as to whether loans should be maintained as booked; provide alternate loan structure recommendations as appropriate. Prepare financial statement spreadsheets including a measurement of various financial ratio trends. Develop workout strategies; make necessary judgments to protect the bank's interest and achieve maximum recovery. Review and assess the potential impact of borrower bankruptcy filings to ensure protection of the bank's position as a creditor. Assist with the completion of annual loan reviews and semi-annual criticized loans monitoring reports (CLMRs) as required. Must haves: Knowledge of relevant Federal and State banking regulations. Working knowledge of basic accounting principles and credit concepts. Basic knowledge of loan types and loan structures. Good understanding of basic loan documentation and general banking principles. Good organizational skills, with the ability to multitask efficiently. Strong attention to detail. Strong “People First” interest and ability. Bonus Points For: Working knowledge of Google applications and products is preferred. Working knowledge of the nCino platform is helpful, but not required. Familiarity with Bank security and safety practices preferred. Additional information Benefits: World class health, vision, and dental benefits on day one 401k with employer match Hybrid work from home (depending on role) Employee appreciation events (team building, softball games, food truck days, etc..) Employee assistance programs (EAP) Wellness programs (flu shot, preventive care, health programs and services discounts, etc..) Tuition reimbursement Employee Discount perks CNOB Community Service Events ….and much, much more! Studies have shown that individuals from underrepresented groups, may only apply to roles if they meet 100% of the qualifications. Roles evolve over time, especially with innovation, and you may be just the person we need. We hope you're open to learning new skills and growing with us. We encourage you to apply to continue making us “a better place to be!” ConnectOne Bank is an equal opportunity employer and does not discriminate with respect to any term, condition or privilege of employment based on race, color, religion, sex, sexual orientation, gender identity or expression, age, disability, military or veteran status, marital status, or status of an individual in any group or class protected by applicable federal, state, or local law. ConnectOne Bank also provides reasonable accommodations for qualified individuals with disabilities in accordance with the Americans with Disabilities Act and applicable state and local laws. If an accommodation is needed to participate in the job application or interview process, please contact Talent Acquisition.

Responsibilities

The Special Assets Analyst supports the written analysis of loans within the bank's portfolio, focusing on identifying policy exceptions and credit issues to protect the asset quality of commercial loans. This includes assisting with credit analyses, preparing written recommendations for loan maintenance or restructuring, and developing workout strategies to protect the bank's interests.