What are the responsibilities and job description for the Credit Analyst position at New Mexico Finance Authority?
Credit Analyst
The New Mexico Finance Authority (NMFA) in Santa Fe is seeking a Commercial Credit Analyst to join our team responsible for public and private lending activities of the organization. The credit analysis required varies by program, but typically involves working in concert with NMFA’s lending team to analyze historical financials (audits, tax returns), and to calculate the relevant debt service coverage ratios and other elements of the underwriting processes, including preparing a credit summary narrative and assisting in assigning a risk rating to each transaction.
Reporting to the Managing Director of Credit, the credit analyst works collaboratively with regional finance managers, other credit analysts, internal and external legal counsel, and NMFA client services to support the underwriting, structuring, approval, and monitoring of a variety of loan products and programs.
The credit analyst will thoroughly analyze and document underperforming loans to create a loan history, current status, and projected performance; detail compliance with the loan agreement; assist with the collection process and the curing of defaults; and lead the creation of credit policies and operating policies to provide guidance and continuous improvement of NMFA’s asset recovery process.
The NMFA is a government instrumentality whose mission is to be New Mexico’s partner in building economic prosperity and stronger communities. The ideal candidate will possess a bachelor’s degree in business, finance, or accounting and 3- 5 years of professional experience in investment and/or commercial banking, public accounting, finance, or troubled asset management. The candidate must possess strong technical skills particularly in the areas of cash flow analysis and the interpretation of a variety of financial reports and statements. In addition to performing financial analyses, the successful candidate will be expected to draft written reports and to effectively communicate, verbally and in writing, analysis and conclusions to team members and in Committee/Board presentations. Previous experience with non-performing loans and assets, including various loan and credit agreements and business restructuring, as well as excellent negotiation skills is required. Experience in restructuring consulting or troubled credit restructuring and workouts, including loan foreclosure and collections, is highly desired.
Interested candidates may submit a cover letter and resume to the attention of the HR Director, New Mexico Finance Authority, 207 Shelby St., Santa Fe, NM 87501 or via email at nmccollum@nmfa.net.
Job Type: Full-time
Pay: $75,000.00 - $85,000.00 per year
Benefits:
- 401(k) matching
- Dental insurance
- Employee assistance program
- Flexible schedule
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Professional development assistance
- Retirement plan
- Tuition reimbursement
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
- Overtime
Application Question(s):
- Will now or in the future require visa sponsorship?
Education:
- Bachelor's (Preferred)
Experience:
- Credit analysis: 3 years (Preferred)
- Presentation skills: 3 years (Preferred)
- Financial report interpretation: 3 years (Preferred)
- Cash flow analysis: 3 years (Preferred)
- Debt service ratios: 3 years (Preferred)
- Financial analysis: 3 years (Preferred)
Ability to Commute:
- Santa Fe, NM 87505 (Required)
Ability to Relocate:
- Santa Fe, NM 87505: Relocate before starting work (Required)
Work Location: Hybrid remote in Santa Fe, NM 87505
Salary : $75,000 - $85,000