Credit Analyst

BANK INDEPENDENT • Muscle Shoals, AL

5d

About The Position

The Credit Analyst evaluates the financial condition of current and prospective borrowers by reviewing financial statements and summarizing information to help bank management make sound credit decisions and effectively manage banking relationships. The analysis is presented to Credit Administration team members and lending authorities within the bank.

The role focuses on annual reviews and loan renewal requests below Board-level approval. It includes entering financial information into spreadsheet software, analyzing credit risk, coordinating underwriting documentation, preparing written analyses for credits exceeding $500,000, and reporting credit deterioration to management. Employees may also perform other duties assigned by management, and management may change the job description as needed.

Working conditions are generally good, with little exposure to noise, extreme temperatures, dust, or other adverse factors. The role involves considerable effort and eyestrain from continued review of files and financial documents.

Requirements

• Ability to read, analyze, and interpret financial statements.
• Excellent oral and written communication skills.
• Proficiency in Microsoft Office products, especially Excel.
• Ability to exercise sound judgment.
• Excellent time management skills.
• Excellent organizational skills.
• Ability to work well in a team environment.
• A Bachelor of Science degree in Finance or Accounting is preferred; a degree in a related or applicable field may be considered along with experience carrying out similar responsibilities.

Nice To Haves

• Bachelor of Science degree in Finance or Accounting.

Responsibilities

• Develop expertise in credit analysis by focusing on annual reviews and loan renewal requests below Board-level approval.
• Enter financial statements and related information into financial spreadsheet software to produce simple spreads, generate financial ratios, and create global cash flows.
• Analyze relevant credit data and financial statements, evaluating trends and key ratios to determine the degree of risk involved in extending credit.
• Work with the Sales Officer and Portfolio Manager to ensure required financial statements and documents are received and underwriting is completed on a time-sensitive basis.
• Prepare written analysis based on observations for all credits exceeding $500,000, at origination and annually.
• Report credit deterioration to management to maintain proper loan ratings.
• Perform other duties as assigned by management.

What This Job Offers

• Job Type: Full-time