Careers

POSITION: PORTFOLIO MANAGEMENT ANALYST 

Company Overview
In 1948, Carver Federal Savings Bank was founded in New York City to serve African- and Caribbean-American communities that had been excluded from mainstream financial services. More than 65 years later, we remain dedicated to community development and financial inclusion. We are publicly traded and among the largest African-American managed banks in the country. Based in Harlem, we primarily serve low- to moderate-income communities in the New York City metro area. We reinvest more than 80% of our deposit base back into the communities we serve.

As we look to the future, Carver seeks to grow and become a premier financial institution, fueled by exceptional products, services, technology, and customer experience. To help our bank reach the next level, we seek talented, motivated, innovative, and proven leaders to join our team. 

POSITION CHARACTERISTICS: 
This position is responsible for the support of the existing loan portfolio, analysis, processing and timely completion of credit analyses for review by the Portfolio Manager.

DUTIES AND RESPONSIBILITIES: 

• Prepare written reviews on all existing loans relative to financial strengths and weaknesses of borrowers, risk assessments, strength of guarantors, collateral and loan structures with opinions as to credit worthiness.
• Gathering information on actual and prospective borrowers through inquiries and investigations with trade suppliers, financial institutions, professional firms or individuals and in-house information on borrowers relative to loan amount, activity, profitability and affiliate relationships.
• Establish and maintain a computerized loan compliance system to enable the bank to ensure customer compliance and relationship manager’s enforcement of the terms of the relevant loan documents.
• Spreading financial statements through the use of Sageworks and other computerized financial software program and analyze reports produced by the system for preparation of written reviews.
• Provide in-office backup for Portfolio Managers when they are on calls to develop more information on the companies being analyzed and better assess the risks associated with the credit.
• Monitor the loan compliance on existing customer accounts. 
• Regularly track the stages of active and pending loans.
• Analyze loans highlighting any problems or questions and writing the credit analysis.

SKILLS, KNOWLEDGE AND ATTRIBUTES REQUIRED:

• Knowledge of accounting and legal principles underlying the bank’s documents.
• Ability to work on multiple projects simultaneously, managing time and resources to ensure work is completed efficiently and within established timeframes.
• Excellent written and oral communication skills.
• 1-5 years underwriting experience in Commercial Credit (i.e. Commercial Real Estate preferable).
• Strong math aptitude, organizational and analytical skills
• Computer literate; fluency in Microsoft Office programs, Excel analysis required
• Ability to establish and maintain effective work relationships both internally & externally.
• Strong problem-solving and follow-up skills with the ability to make decisions based on researched conclusions.
• Knowledge of banking products, services, policies, procedures and regulations

ACADEMIC BACKGROUND AND EXPERIENCE: Bachelor’s Degree in Accounting, Finance or Business related combined with a minimum 1 year of related work experience.