COMM CREDIT ANALYST -CREDIT DEPT- FIRSTBANK PR Job at First BanCorp in San Juan

Commercial Credit Analyst

Our Company

At FirstBank PR, we strive to be a trusted advisor to our clients. Our more than 3,100 employees across Puerto Rico, the Virgin Islands, and Florida are dedicated to delivering excellence in personalized customer service. We are proud of our team, which continuously exceeds our clients' expectations.

Do you have a passion for helping customers, building relationships, and providing exceptional, personalized service? If yes, FirstBank is the ideal place for you.

Overview

The Credit Analyst supports Senior and Staff Credit Officers by analyzing the financial needs of existing and prospective borrowers. Responsibilities include preparing credit memoranda, providing insights and recommendations, and determining the appropriate authority level for each transaction. The role involves analyzing financial statements, industry trends, and market conditions to make sound credit decisions, while ensuring compliance with federal regulations and bank policies, and maintaining accurate credit documentation.

Qualifications

• Analyze and structure credit requests for new and existing borrowers within established standards and timelines.
• Prepare detailed credit memoranda (CAM) with relevant attachments, identifying credit risks and offering recommendations.
• Review and validate financial data, calculations, and terms in CAMs.
• Assist in reviewing and signing off on all term sheets and daily overdraft and ACH requests.
• Prepare materials for Management and Board of Directors Credit Committees.
• Monitor delinquency and covenant compliance monthly for assigned portfolios.
• Support the review and sign-off of closing exceptions and documentation with the Closing Department.
• Maintain up-to-date portfolio data and statistics, ensure compliance with review schedules, and assist in reports and presentations.

Core Competencies

• Strong interpersonal and communication skills
• Problem-solving and analytical skills
• Leadership qualities
• Proficiency in Excel and financial modeling
• Knowledge of commercial and corporate credit practices
• Bilingual in English and Spanish (reading, speaking, writing)
• Team-oriented mindset

Educational and Experience Requirements

• Bachelors degree in Business, Finance, or Accounting, or equivalent experience.
• Minimum of two years of relevant experience, including financial statement analysis, modeling, and projections, preferably in financial services.

EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER

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