Credit Analyst I

Union Bank of Michigan•Grand Rapids Charter Township, MI

25m•Onsite

About The Position

Under general supervision, gathers and analyzes credit information on current and potential borrowers; determines the advisability of granting credit for diversified types of loans; works with loan officers to ensure loan files are complete prior to review; prepares spreadsheets, reports, summaries and opinions for financial institution officers on new, renewal and existing loans.

Requirements

Excellent written, verbal and analytical skills.
Ability to maintain confidential information.
Ability to work independently in a fast-paced environment with tight deadlines.
Bachelor of Science degree in Finance, Business Administration or Accounting or equivalent work experience.
Minimum of 6 months experience in accounting, finance or relevant work experience.

Nice To Haves

Prior experience in a lending environment is preferred
agricultural business knowledge a plus

Responsibilities

Provides accurate information and sound judgments on the credit worthiness of assigned accounts to aid Commercial Loan Officers of the Bank Lending Department in granting loans.
Provides sound and adequate technical advice to Bank Officers relating to credit analysis through gathering and evaluation of data.
Generate financial ratios, using computer programs, to evaluate customers' financial status.
Compiles and analyzes data for specialized projects and makes recommendations which are meaningful and accurate on selection of prospective customers for specific financing programs.
Prepares commercial loan presentations for credit committee and board of directors’ meetings.
Assists the Senior Credit Manager in the review of commercial loan files following the closing of all loans.
Prepares and follows up on all guaranteed loan applications.
Gathers financial statements and inputs information into Union Bank summary financial forms.
Accompanies Commercial Loan Officers on calls when necessary.
Performs required floor plan and inventory checks.
Assists in organizing commercial loan files and maintaining accuracy of all documentation and tracking reports.
Assists the Senior Credit Manager in the assigning of grades to all commercial loan customers.
Modifies existing commercial presentation and credit review sheets to include more relevant and pertinent information.
Monitors covenants for loan relationships, including borrowing bases.
Assists in the monitoring of loan maturity reports.
Completes monthly and quarterly reports and assists with the completion of action plans as assigned.
Performs / assists with the daily maintenance and posting of data (loan input) in order to maintain the integrity of the Loan Portfolio data.
Performs other duties and responsibilities as assigned.
Adhere and comply with all Bank Policies.
Familiar with and abides by all bank regulations including but not limited to BSA and OFAC.