Commercial Credit Analyst I

Towne Family of Companies•Suffolk, VA

About The Position

The Commercial Credit Analyst I evaluates the financial condition of individuals and businesses applying for credit with the bank to determine a Member’s creditworthiness. The role researches and analyzes financial information for existing and prospective commercial and consumer clients and provides financial and credit analysis, ratio calculations, and underwriting support to Commercial Lenders, Private Bankers, Branch Managers, and Senior Bank Management. The analyst prepares a range of credit analysis products, including personal cash flows, combined personal cash flows, business spreads, combined business spreads, a Builder Cash Flow Model, and a Financial Analysis Summary. The position also documents business trends that may affect a Member’s ability to service current or proposed debt, reviews credit bureau reports and tax returns, and researches industry trends and market data relevant to clients’ businesses. The role may assist with developing forms and processes, perform other related duties, and comply with applicable federal laws and regulations, including AML and BSA requirements.

Requirements

High school graduate.
Be efficient and thorough, possess strong organizational skills, work independently, and be willing to learn and help others.
Excellent written and oral communication skills.
Experience with computers and related software, including Excel, Word, and Access.
Ability to read, analyze, and interpret financial and credit documents and statements.
Ability to analyze personal financial conditions and personal tax returns, partnership returns, and cash-basis sole proprietors.
Ability to write routine reports and correspondence and speak effectively before groups of customers or employees.
Ability to define problems, collect data, establish facts, and draw valid conclusions.
Ability to interpret technical instructions in mathematical or diagram form and work with abstract and concrete variables.
Ability to interact with all levels of the organization; be organized and detail-oriented; and clearly communicate in person or by phone.
Ability to work independently, plan and set priorities, meet deadlines, work under stress, and maintain confidentiality.
Working knowledge of applicable industry, laws, and regulations required to review credit risk.

Nice To Haves

College degree in business or compensating work experience in a credit department and/or financial institution; relevant experience will be considered.
Bachelor’s degree in Accounting or Finance.
Strong verbal and writing skills and excellent computer skills, particularly with Word and Excel.
Completion of a Loan Administration-provided and/or outside Commercial Credit Training Program within six months of the start date is desired.

Responsibilities

Research and analyze pertinent financial information for existing and potential commercial and consumer clients.
Support Commercial Lenders, Private Bankers, Branch Managers, and Senior Bank Management with financial and credit analysis, ratio calculations, and other underwriting support.
Prepare personal cash flows, combined multiple personal cash flows, business spreads, combined multiple business spreads, a Builder Cash Flow Model, and a Financial Analysis Summary.
Prepare business spreads based on tax returns and/or business financial statements.
Document business trends that could affect a Member’s ability to service proposed or current debt obligations.
Obtain credit bureau reports, including Experian, D&B, and retail credit reports, to review personal payment history.
Prepare business and global cash flows.
Research industry trends and evaluate market data affecting prospective or existing clients’ businesses.
Assist in developing forms and processes as necessary.
Perform other related duties as necessary.
Adhere to applicable federal laws, rules, and regulations, including those related to Anti-Money Laundering (AML) and the Bank Secrecy Act (BSA).