Analyst, US Loan Program (Commercial Credit - Portfolio & Underwriting)

About the position OFG Bancorp is a mid-cap, publicly traded, diversified modern financial services holding company with operations spanning Banking, Wealth Management, and Treasury. Our U.S. Banking division encompasses the US Loan Program, a direct and syndicated lending platform that engages with commercial and investment banks across the U.S. and across distinctive industries, focusing on stateside Middle-Market companies, Fund/Lending platforms and Renewable Energy. At OFG, we make possible the progress of our customers, employees, shareholders, and the communities we serve. Our U.S. Banking Team is committed to this mission ensuring both customers and partners thrive in this modern world, with a culture built on the foundation of our shared purpose, our focus on innovation, and our character. We believe that with teamwork, trust and personality, we can build lasting relationships, delivering true and lasting value. JOB OVERVIEW OFG’s US Banking Commercial Loan Program is currently recruiting an Analyst to join their team in the San Juan, PR and Charlotte, NC offices. As a member of the team, the Analyst will play a critical role in growing the US business by assisting in the underwriting of new commercial loan originations across various industries and portfolio management efforts of existing credit relationships.

Responsibilities

• Provide analytical support in the preparation of new credit underwritings, loan modifications, and periodic credit reviews. This includes core functions such as:
• Performing all required financial spreads.
• Building financial models used for valuation and forecast.
• Assessing and evaluating the credit risk of a prospective or existing borrower flagging early warning signals.
• Uploading all necessary documentation for credit underwriting and approval.
• Work alongside the Portfolio Leads and Portfolio Manager in the preparation of regular portfolio reports, industry research, and other strategic initiatives.
• Stay abreast of news and events that affect the different industries/sectors covered within the US Loans portfolio.
• Develop and maintain strong relationships with business partners, internal and external stakeholders.
• Collaborate with the USLP Management Team including its Credit Risk Unit to manage optimal workflow, assist in identifying process breakdowns, and develop internal enhancements.
• Be responsible for completing annual training programs.
• Other duties may be assigned.

Requirements

• Bachelor’s degree in Finance/Accounting, Economics, or business related degree required.
• One (1)+ years of experience in commercial credit analysis/portfolio management required.
• Minimum experience requirement can be substituted with the equivalent combination of education, training, and experience.
• Knowledge of capital markets and commercial/corporate product offerings, including syndicated/leveraged lending desired
• Strong skills in quantitative analysis, financial modeling, and credit analysis required.
• Excellent oral & written communication skills in English, being able to communicate at all organizational levels.
• Ability to work on demanding tasks independently, effectively manage deadlines, and have excellent prioritizing skills.
• Expertise in computer skills, including but not limited to the Microsoft Office suite required.
• Legally authorized to work in the US is required.
• This position is of indefinite duration and requires candidates to have permanent or ongoing work authorization.
• Employee is responsible for maintaining eligible work authorization throughout his tenure with the organization.

Nice-to-haves

• MBA preferred.
• Proficiency in Spanish would be a plus
• Moody’s Credit Lens, and other financial software tools such as Pitchbook and S&P Capital IQ strongly preferred.

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