Credit Analyst

Lake Ridge Bank•Middleton, WI

12d

About The Position

Lake Ridge Bank is in search of a Credit Analyst to join our underwriting team! The Credit Analyst will be responsible for spreading financial statements as required by Lake Ridge Bank loan policy. In addition, this role will analyze and underwrite commercial credits and partner with Underwriters and Business Relationship Managers in making credit decisions.

Requirements

Associates degree in Finance, Accounting, Business and/or similar field of education and/or three (3) years previous work experience in a lending environment
Solid understanding of financial statements including but not limited to tax returns, profit & loss statements, income statements, balance sheets, and other business financials
Well-developed interpersonal and communication skills (verbal & written) in order to communicate and relate effectively with customers and associates
Good accounting/math skills with the ability to work precisely with numbers and financial calculations
Strong attention to detail with the ability to work efficiently & accurately
Demonstrated ability in exercising independent judgment
Strong organizational skills, including the ability to prioritize and remain calm while working in a fast paced/deadline driven environment
Good working knowledge of Microsoft Office Suite, proficient typing/keyboarding skills and the ability and willingness to learn new programs and software
Ability to maintain confidential customer information
Ability to read, write, understand and speak English clearly
Ability to represent the organization in a professional, positive manner

Nice To Haves

Bachelor’s degree in Accounting or Finance
Previous experience in credit analysis or commercial underwriting within a financial institution
Previous work experience in accounting and / or working with business financial statements
Previous experience working in a lending environment, preferably in a financial institution setting

Responsibilities

Accurately spread ‘raw’ business and ag financial statements into financial spreading software as collected (includes tax returns, balance sheets, profit & loss statements, aging reports and projections).
Verify accuracy and research discrepancies in ‘raw’ statements.
Provide credit analysis and identify trends based on collected financials and spreads on an ongoing basis for existing customers to Business, Commercial & Ag Bankers.
Monitor and verify borrowing base certificates and other loan covenants. Report findings to Underwriting Teams.
Maintain financial tracking system upon the waiver or change in financial tracking requirements.
Monitor and verify ongoing collection efforts.
Set up new customers on financial tracking system and set up ticklers for future collection.
Underwrite and facilitate new and renewal credits where the aggregate debt is generally at or below $1MM, and other less complex credits as assigned by the Small Business Underwriting Manager.
Collaborate with Underwriting Teams acting as a liaison between Business, Commercial & Ag Banker, Commercial Production staff, Credit Risk Department and other internal staff members as necessary
Ensure proper documentation of loan file via a loan proposal and post approval due diligence.
Work with third party individuals as needed such as evaluation/appraisal orders and environmental due diligence.
Full Knowledge of the Small Business Model (SBM) & Small Ag Model (SAM) systems and how they facilitate loans quickly through the overall loan process.
Adhere to all Bank Security/Compliance Regulations
Complete all annual bank security and compliance training.
Adhere to Bank Security/compliance and policy guidelines for commercial production and/or loan area
Maintain confidentiality of customer information at all times.
Stay current on all compliance regulations