Credit Analyst II

Chelsea State Bank•Chelsea, MI

About The Position

Summary: Responsible for analyzing and monitoring the credit worthiness of the Bank’s customers. Analyzes financial statements, tax returns, and bank references to evaluate the financial condition of individuals and businesses applying for credit with the Bank. Assists in underwriting loan structures within established Bank guidelines. Oversee collateral evaluation processes for new and existing collateral. Essential Duties:

Requirements

Minimum of 2-3 years of experience as Credit Analyst
Bachelor’s degree preferred
Good organizational and analytical skills
Effective oral and written communication skills
Banking experience preferred
Proven problem solving skills

Responsibilities

Obtains loan request information from commercial lender or borrower to analyze credit information, financial statements and other related information pertaining to the loan.
Researches background documentation and reviews personal and business financial statements and tax returns. Analyzes financial information and prepares the preliminary analysis for the lender.
Requests and obtains financial statements on existing borrowers.
Reviews and prepares written analysis, spreadsheets, reports, summaries and opinions. Prepares or assists in the preparation of loan memorandum for presentation to lenders and/or loan committees.
Reviews loan files to ensure the completeness of the file and that all collateral has been secured properly.
Assists lenders with calls on past-due loans as assigned by senior management with the bank’s loan portfolio.
Updates collateral values, as needed on delinquent loans and assists with preparation of quarterly Problem Loan Reports.
Follows all applicable laws and regulations.
Assists Credit Officer with regulatory reporting to senior management, Board of Directors, internal audit, Federal, State and compliance regulators.
Answers telephone or written inquiries concerning loan processing and information.
Comply with all bank policies, regulations and laws applicable to carrying out duties and responsibilities, including but not limited to the Bank Secrecy Act.
Regular attendance is an essential function.
Other duties as assigned.