Commercial Credit Analyst I

Simmons Bank•Rogers, AR

About The Position

The Credit Analyst I provides cursory analytical support for commercial banking, including spreading and preliminary analysis of existing customers and prospects. This role supports loan officers and managers through financial statement spreading and analysis of new loan requests and existing credit relationships. The analyst verifies that all documents have been provided prior to a loan request being assigned to a Sr. Credit Analyst, completes covenant testing as required by loan agreements, and prepares cash flow models for credit decisions. The position also involves preparing basic and preliminary credit analyses under the supervision of a Credit Manager or Credit Analyst III, providing additional loan agreement/covenant monitoring support, and performing ongoing portfolio management through spreading financial statements. The analyst is expected to develop a base understanding of various lending facilities, companies, and industries, and ensure compliance with applicable laws, regulations, policies, and procedures.

Requirements

Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures or governmental regulations.
Ability to write reports, business correspondence, and procedures manuals.
Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
Ability to solve practical problems and deals with a variety of concrete variables in situations where only limited standardization exists.
Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.
BS/BA Degree in Business, Finance or a related field is required.
MS Office programs
Ability to manage multiple projects.
Strong analytical and organizational skills.
Excellent written and verbal communication skills.
Proficiency in Microsoft Word and Excel.

Nice To Haves

1-3 years’ work experience preferred.

Responsibilities

Provides support of loan officers and managers through financial statement spreading and analysis of new loan requests and existing credit relationships.
Verify that all documents have been provided prior to a loan request being assigned to a Sr. Credit Analyst.
Complete covenant testing as required by loan agreements for existing credit relationships.
Prepares cash flow models for the basis of credit decisions.
Prepares basic and preliminary credit analyses to aid in determining the viability of a potential credit opportunity, with supervision of Credit Manager or Credit Analyst III.
Provides additional loan agreement / covenant monitoring support to commercial lending and underwriting groups.
Provides on-going portfolio management through spreading of on-going required financial statements as they are received from the Bank’s customers.
Develops a base understanding of various types of lending facilities as well as a variety of companies and industries.
Ensures all departmental documents and activities are performed in compliance with applicable laws, regulations, policies and procedures as applicable to this position, including completion of required compliance training.
Performs other duties and responsibilities as assigned.