Credit Analyst - Galaxy Management Group : Job Details

Credit Analyst Banking Industry, Mortgage Lending, Queens, NY Position Summary: To evaluate and determine the eligibility of loan applications. Including, analyzing and verifying financial documentation, loan applications, evaluating risks, and making loan eligibility decisions. The Credit Analyst will work as part of the loan review team to analyze all types of credit, including and especially the largest and most complex types of loans. They assess the appropriateness of Bank risk ratings and management's administration of loans under review. The Analyst is well-versed in financial statement analysis, banking, and credit risk rating principles. They prepare work papers and reports and may occasionally assist the Loan Review Manager in presenting reports to management or committees. Primary Responsibilities:

• Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications• Familiar with ATR/QM, DODD FRANK, Fannie Mae/Freddie Mac Underwriting Guidelines, QM & Non-QM loans
• Basic Knowledge of HMDA reporting
• Familiar with Mortgage Pre-Approvals and Loan Estimates
• Identify/Review/Analyze Personal and Business returns such as: 1040, 1120C, 1120S, 1065, Trust Returns
• Review and Analyze Profit and Loss, Balance Sheets, Interim Financial Statements, etc.
• Review Appraisal reports Residential and Commercial
• Accurately compute DTI, DSCR, LTV, and CLTV ratios
• Review Appraisal reports Residential and Commercial
• Prepare daily loan pipeline reports as needed
• Interact with applicants/brokers/attorneys in person, through e-mail and over the phone
• Input information into the loan's origination system
• Correlate and compile the information provided and present the analysis for approval in a timely manner with a deadline in mind
• Assist in preparing loan files for Bank Attorneys for closing
• Other duties as assigned.

Desired Skills & Experience:

• 3+ years of Credit Underwriting experience in Residential and Commercial mortgage loans
• 2+ years of experience reviewing Appraisal Reports
• Bachelor's degree in finance (or related field) or equivalent years of relevant work experience
• Must be proficient in Microsoft Word, Excel, Outlook
• Strong computer skills - Word, Excel and Encompass
• Understanding of credit reports and credit reporting agencies
• Excellent written and verbal communications
• Ability to manage relationships both internally and externally
• Detail oriented, able to adhere to deadlines in a timely manner
• Must follow procedures and have ability to adapt to ever-changing environment of Credit Underwriting

Full-time, office position. Local candidates preferred. No relocation assistance is available. Salary and excellent benefits available. US Citizens or Valid US Green Card Holders Only.