Job Description

OFG is a mid-cap, publicly traded, diversified modern financial services holding company with operations spanning OFG Bancorp, US Banking and Chello, alongside new and innovative FinTech offerings. Our digital platforms, deliver unique value to important segments of the US marketplace – ranging from enterprise businesses to small and midsized entrepreneurs. And our core banking operations provide a wide range of retail and commercial banking, lending and wealth management products, services and technology for all audiences.

From its inception, OFG Bancorp has been a challenger enterprise. We differentiate ourselves across our portfolio of traditional and FinTech banks through transformed customer experience, enabled by distinctive digital capabilities, more efficient and agile operations, and expert advice. OFG’s US Banking commercial loan program focuses on developing and managing commercial relationships, through its internally developed operations, with commercial and investment banks across the U.S. and engages primarily in the activities of participating in credit facilities of corporate, commercial, and industrial loans to the middle-market as well as other sectors.

At OFG, it’s our mission to ensure that our customers and partners thrive in our modern world and our US Banking Team is committed to this mission. Our culture is built on the foundation of our shared purpose, our focus on innovation, and our character. And ultimately, we believe that with teamwork, trust and personality, we can build lasting relationships, and deliver true, lasting value.

JOB SUMMARY:

The Analyst, US Banking focuses on new commercial loan originations and credit approval underwriting as well as portfolio management efforts for the existing portfolio. You will play a critical role in the analysis, preparation, and presentation of credit approval memorandums for new, potential, and existing loan opportunities on an ongoing basis as well as, but not limited to, portfolio management and supporting project management efforts initiated by the Management Team. The Team works in an on-site setting with some work from home flexibility. For this role, it is important to work, collaborate and interact in an in-person environment at the Bank’s US office located in Charlotte, NC.

MAJOR DUTIES & RESPONSIBILITIES:

• Assist in establishing “credit boxes” and other eligibility criteria for Lending & Risk Partners.
• Assist in the preparation of commercial loan approvals, modification approvals and periodic business reviews including financial analysis on historical, forecast, performance bases, risk rating assessment and compliance performance.
• Collaborate with the USLP Team including Risk Team to manage optimal workflow, assist in identifying and escalating process breakdowns as well as developing enhancements.
• Participate in frequent calls with internal and external stakeholders.
• Prepare portfolio analysis by utilizing certain approaches and tools including the USLP Dashboard.
• Assist in the analysis of the individual whole loans participations as well as loan pools.
• Understand and assist in measuring and monitoring the profitability of the portfolio.
• Liaise with U.S. Loan Program Lending Partners and assist in joint efforts including loan syndication and data fulfillment perspective.
• Assist in the periodic review and update of the U.S. Loan Program Policy, Guidelines, Procedures Manual and other Risk Management and U.S. Loan Committee needs.
• Assist in preparing reports to the US Loan Committee and the Board of Directors, presenting certain information such as portfolio activity, performance, and results quarterly.
• Other duties may be assigned.

EDUCATION & EXPERIENCE:

• Bachelor’s Degree in Business Administration, Accounting, Economics and/or Finance required. Master’s Degree in Business Administration or related curriculum, preferred.
• One (1) year of banking and/or financial services experience required. Experience in credit/portfolio analysis and/or portfolio management support is highly desirable but not required.
• Minimum education and experience required can be substituted with the equivalent combination of education, training and experience that provides the required knowledge, skills, and abilities.
• Basic knowledge of commercial credit analysis for the general corporate purposes, mergers, and acquisitions, secured asset financings as well as industry verticals.
• Self-starter, results oriented, dynamic, and able to work with minimum supervision.
• Analytical, problem solving, organized, detail oriented and able to meet strict deadlines.
• Understanding of financial/accounting principles, industry assessment, research, due diligence, skills highly preferred.
• Credit and risk assessment, as well as exposure to portfolio management and monitoring, as well as financial exposure to: forecasting, performance analysis & ratio analysis are all desirable skills.
• Computer skills in the use of Word, Excel, Power Point, Outlook, MS Teams, Internet Tools and other operative programs.
• Excellent English communication skills both written and verbal required.
• Legally authorized to work in the US 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 through his tenure with the organization.

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