Credit Analyst II

Bank of Ann Arbor • Ann Arbor, MI

just now • Onsite

About The Position

The Credit Analyst will be responsible for conducting in-depth industry and financial analysis of existing and potential borrowers while providing a high level of quality service to all customers. Working closely with Loan Officers to process requests for financing from inception through payoff, including renewals and modifications of new and existing loans. Preparing timely and insightful credit analysis applications for a diverse, medium to high complexity and sophisticated portfolio of commercial & industrial, commercial real estate and private banking / professional services commercial loan customers. The Credit Analyst II underwrites primarily medium to large sized loans.

Requirements

• 3 years relevant experience is required with a preference for direct credit analysis experience in a commercial lending environment or financial analysis in an investment management, finance, accounting or comparable field.
• An acute comprehension of GAAP.
• Advanced financial modeling skills are required.
• Proficiency with Microsoft Office products (Word, Excel) and financial statement spreading software is required.
• Strong writing skills.
• Naturally inquisitive with a problem-solving mindset.
• Flexible and able to adapt to frequently changing priorities.
• Positive attitude and ability to complete work within the required, often fast-moving timelines.
• Good organizational skills and ability to multi-task are essential.
• Capacity to provide guidance to more junior credit analysts.
• Functional/technical learning.
• Basic understanding of risk & controls.
• Detailed oriented.
• Service level driven.
• Understands business process.

Nice To Haves

• Bachelor Degree in Accounting, Finance or Economics is preferred.
• MBA or similar advance degree or coursework is a plus.
• The successful completion of a formal credit / financial analyst training program is strongly preferred.
• Familiarity with Abrigo/Sageworks is beneficial but not required.

Responsibilities

• Create thorough and concise analyses of the risks and mitigants of pending commercial loan requests by reviewing and analyzing the borrower’s financial statements, including but not limited to; income statements, cash flow statements, balance sheets, tax returns, personal financial statements, real estate and C&I collateral appraisal reports, and environmental assessment reports.
• Conduct assessments of collateral and guarantor financial condition and analysis of the market (customers) and industry (competition, suppliers, substitutes, and potential new entrants) and management teams and/or deal sponsors.
• Provide independent recommendations to credit and lending management on whether to approve or renew loans, modify terms of existing loans, maintain or change risk ratings of existing loans, and otherwise suggesting the appropriate credit action.
• Conduct independent and objective annual reviews of existing loans as well as scheduled and unscheduled loan reviews of the existing portfolio.
• Review approval conditions vis-a-vis the loan documentation for existing loans to ensure integrity of the credit process.
• Evaluate and opine on appraisals and environmental reports as part of the underwriting analysis.
• Participate as a member of the Loan Committee.
• Train/coach less experienced analysts.
• Provide a daily advisory role and peer support for other analysts.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees