204 - Commercial Underwriting East Potomac - Credit Analyst III

First United-posted 3 months ago
$46,000 - $101,200/Yr
Full-time • Mid Level
Morgantown, WV
Management of Companies and Enterprises
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The Credit Analyst III is responsible for ensuring an effective and efficient commercial credit underwriting function providing detailed financial, market and industry analysis; assessing credit risk within both proposed commercial loan requests and existing commercial loan portfolio; providing analysis and reviewing the Bank's top aggregate commercial relationships; providing alternative solutions through structure, conditions and covenants to mitigate risk; ensuring the department's compliance with operating policies and procedures and outside regulatory requirements; effectively communicating with both internal & external bank customers; providing periodic reports; and providing on-going training & support to retail branch associates.

  • Spreads financial statements and tax returns for commercial clients.
  • Provides consistent, quality narrative financial analysis including but not limited to discussion of financial condition, cash flow & balance sheet trends, ratio analysis, loan pricing review, peer & industry comparisons, and collateral assessment.
  • Utilizes analysis to recommend appropriate risk ratings for new requests, ACHs, and existing loan relationship to support the ongoing risk management of the Bank.
  • Completes annual relationship reviews for the Bank's top aggregate commercial loan relationships, large revolving commitments and ACHs.
  • Provides guidance and prompt follow-up to retail branch staff to facilitate timely loan decisions.
  • Provides financial updates to Criticized Asset Reports and ACARs.
  • Orders appraisals, completes appraisal reviews within designated authority, and conducts collateral evaluations to assure loan to value meets both policy and regulatory requirements.
  • Works in conjunction with commercial lending staff to prepare loan presentations for new money requests, modifications, and collateral substitutions/releases.
  • Assesses loan proposals for Bank and Regulatory policy compliance.
  • Provides back-up for the set-up of commercial loan requests presented by retail branch staff into commercial underwriting software system.
  • Underwrites retail branch commercial proposals while addressing repayment capacity, secondary repayment sources, credit report factors, risk assessment, covenants, conditions and collateral analysis within loan presentation.
  • Approves loans and ACHs within designated lending authority.
  • Clear real estate secured loans to close by reviewing environmental reports, property condition reports, flood certifications and appraisal values to assure compliance with loan approvals and policies.
  • Provides technical support and assists in training of Credit Analyst II and Credit Analyst I.
  • Works on special projects as assigned by Regional Credit Officer or the Director of Credit Administration & Lending Risk.
  • Maintains a good working relationship with bank employees within Credit Quality and other departments.
  • Performs other related duties as assigned.
  • Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the workplace.
  • Cooperates with, participates in, and supports the adherence to all internal policies, procedures, and practices in support of risk management and overall safety and soundness and the bank's compliance with all regulatory requirements.
  • A Bachelor of Science or Bachelor of Arts degree in Accounting, Finance or related field of study is preferred.
  • In lieu of a bachelor's degree consideration will be given to individuals with a High School Diploma and a minimum of seven years of directly related commercial lending or commercial underwriting experience.
  • Specialized education, training and certification in financial analysis, credit risk, appraisal review, and lending normally required.
  • Advanced reading, writing, grammar, and mathematics skills.
  • Advanced interpersonal relations and effective communicative skills.
  • Advanced knowledge of current lending, appraisal, and loan review regulations and banking regulations, procedures, and operations.
  • Advanced ability to analyze and interpret complex financial statements.
  • Advanced risk rating skills.
  • Advanced loan structuring, covenanting and conditioning skills.
  • Knowledge of concentration risk and pricing philosophy.
  • Strong PC skills, including spreadsheet software and loan management software.
  • Advanced time management skills.
  • Technical skills sufficient to provide guidance and training to Credit Analyst I & II(s), and Credit Team Administrative Assistant.
  • Valid driver's license.
  • Supervisory management experience preferred.
  • 12-days of Paid Time Off (PTO), accrued 1-day for each month worked.
  • 12 paid holidays.
  • 2 Personal days.
  • 2 Family Sick days.
  • 2 Volunteer Days after completion of 90 days of employment.
  • Eligible for Health Care, Dental and Vision (single and family) the first of the month following 30 days of full-time employment.
  • 401(k) eligible on the first day of the month following 30 days of employment with employer match available.
  • Company Wellness Program.
  • Company Stock program available after 1 year of employment.
  • Annual Performance Reviews completed, and salary increase amount given based on individual performance.
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