Credit Analyst I
About The Position
Colonial Farm Credit is an agricultural credit cooperative that provides loans for production capital for full-time and part-time farmers, ag-related businesses, farms and country homes, land purchases, home construction and improvements, and buildings, machinery, livestock, and equipment. This position is an excellent employment opportunity for a Credit Analyst I in their Mechanicsville VA office. The candidate will be responsible for gathering, analyzing, and reconciling credit and financial data for loans using the five credit factors under the guidelines of differential analysis. They will also prepare all loan documents associated with the analysis of the assigned credit, including loan agreements when necessary, and draft loan analyses explaining loan purpose, structure, risk, and controls. The role involves making recommendations on which the delegated authority will base its decision for loan approval, as well as recommendations for rates, terms, security, and loan controls necessary for maintaining acceptable credit risk. Additionally, the Credit Analyst I will develop loan-servicing plans for monitoring credit.
Requirements
- Bachelor’s degree in agricultural economics, finance, business administration, economics or relevant field of study
- General understanding of farm business management, finance, and macroeconomics
- Strong analysis, judgment, communication (oral and written), and organizational skills
- Computer experience with intermediate skills in Microsoft Outlook, Word, and Excel
- In-depth knowledge and skill in risk analysis, loan administration, and loan servicing
- Ability to understand and interpret financial statements and cash flow analysis
- Ability to work under moderate supervision and in compliance with established policies, procedures and regulations
- Ability to use sound judgment within established guidelines and seeks guidance on complex requests
- Ability to effectively handle multiple tasks and work independently
- Ability to work in a collaborative, team atmosphere
- Ability to exercise discretion, gain competency in independent judgment, develop initiative, and creativity in business decisions
- Acceptable background reports (credit, criminal, driving, and drug)
Nice To Haves
- Up to three years of experience gained through credit positions
- Awareness of current economic developments and production technology affecting agriculture in the region
- Knowledge of farm production methods and products
Responsibilities
- Gathering, analyzing, and reconciling credit and financial data for loans using the five credit factors under the guidelines of differential analysis
- Preparing all loan documents associated with the analysis of the assigned credit including loan agreements when necessary
- Drafting loan analyses explaining loan purpose, structure, risk, and controls
- Making recommendations on which the delegated authority will base its decision for loan approval
- Making recommendations of rates, terms, security, and loan controls that are necessary for maintaining an acceptable credit risk
- Developing loan-servicing plans for monitoring credit
Benefits
- Superb benefits package
- Up to 9% 401k contributions
- Profit sharing program
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
