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Junior Credit Analyst

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Galaxy Management Group, Inc.

2024-09-22 00:41:52

Job location Rego Park, New York, United States

Job type: all

Job industry: I.T. & Communications

Job description



Our Client is a Community Bank in Queens with a long-standing commitment to excellence in banking services. They pride themselves on fostering a family-oriented culture and prioritizing work-life balance for their employees.


Position: Junior Credit Analyst


Reports To: Credit Manager


Primary Responsibilities:



  • Review PG (Personal Guarantee) and SAE (Single Asset Entity) Residential & Commercial loan applications.

  • Ensure compliance with ATR/QM, DODD-FRANK, Fannie Mae/Freddie Mac Underwriting Guidelines, QM & Non-QM loans.

  • Maintain basic knowledge of HMDA reporting.

  • Familiarity with Mortgage Pre-Approvals and Loan Estimates.

  • 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.

  • Accurately compute DTI, DSCR, LTV, and CLTV ratios.

  • Review Appraisal reports for Residential and Commercial properties.

  • Have knowledge of mortgage products.

  • Prepare daily loan pipeline reports as needed.

  • Interact with applicants/brokers/attorneys in person, through email, and over the phone.

  • Input information into the Associations origination system.

  • Compile information for analysis and present it for approval on time.

  • Assist in preparing loan files for Bank Attorneys for closing.

  • Perform other duties as assigned.


Desired Skills & Experience



  • 1 year of Credit Underwriting experience in Residential and Commercial mortgage loans.

  • Experience reviewing Appraisal Reports.

  • Bachelors degree in finance/accounting (or related field) or equivalent years of relevant work experience.

  • Proficiency in Microsoft Word, Excel, and Outlook.

  • Strong computer skills Word, Excel, and Encompass.

  • Understanding of credit reports and credit reporting agencies.

  • Excellent written and verbal communication skills.

  • Ability to manage relationships both internally and externally

  • Detail-oriented with the ability to adhere to deadlines.US


US Citizens or Valid US Green Card Holders Only


Local candidates only



Benefits:




  • 401(k)

  • Dental insurance

  • Health insurance

  • Health savings account

  • Life insurance

  • Paid time off

  • Retirement plan

  • Tuition reimbursement

  • Vision insurance




Work Location: In person


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