Credit Analyst II

Bank of Ann Arbor•Ann Arbor, MI

21h•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. This position also works cooperatively to support the Lending and Credit functions of the Bank.

Requirements

3 years relevant experience
An acute comprehension of GAAP
Advanced financial modeling skills
Proficiency with Microsoft Office products (Word, Excel) and financial statement spreading software
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
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
MBA or similar advance degree or coursework
Direct credit analysis experience in a commercial lending environment or financial analysis in an investment management, finance, accounting or comparable field
Successful completion of a formal credit / financial analyst training program
Familiarity with Abrigo/Sageworks

Responsibilities

Conducting in-depth industry and financial analysis of existing and potential borrowers
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
Working cooperatively to support the Lending and Credit functions of the Bank
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
Underwrite primarily medium to large sized loans