Credit Analyst
About The Position
The Credit Analyst analyzes relevant credit and financial data to evaluate the creditworthiness of commercial borrowers and prepare objective, comprehensive credit analyses that assist management with loan decisions. The analyst may accompany Loan Officers on business calls to existing and prospective customers, help develop and prepare loan proposals, and provide administrative support to Commercial Lenders and the Credit Officer. The position requires professional service, teamwork, punctuality, and reliable attendance. The analyst prepares written analyses of commercial and real estate loans; evaluates borrower and external risks; reviews financial statements and cash flows; maintains financial spreadsheets; and assesses personal cash flow and financial statements. The analyst stays current with Bank credit policies, laws, and regulations, gathers information needed for credit analyses, identifies potential loan portfolio problems, reviews commercial real estate appraisals, prepares memorandums for adversely classified loans, and conducts annual credit reviews of the Bank’s largest borrowers. Additional responsibilities may be assigned as requested. The role is based at the Main Office in a general office environment and involves frequent computer use and extended periods of sitting. A hybrid work schedule is available after successfully completing six months of employment.
Requirements
- A bachelor’s degree or equivalent work-related experience in business, finance, or accounting.
- A high level of analytical ability and attention to detail to assess loan risk and recommend credit limits and structures.
- Strong verbal and written communication skills.
- At least one year of prior credit experience in a banking environment.
- Strong PC knowledge.
- Ability to perform the position’s work with or without accommodation.
Responsibilities
- Provide professional service to internal and external customers and meet expectations for teamwork, punctuality, and reliable attendance.
- Prepare objective written analyses of commercial and real estate loans for lending officers and senior management, assessing relevant borrower, industry, management, economic, and other risks.
- Analyze financial statements and cash flows to assess profitability, capital adequacy, liquidity, asset quality, and ability to repay existing and proposed obligations.
- Spread financial statements and prepare and maintain financial spreadsheets using department software.
- Analyze individuals’ personal cash flows and financial statements to assess liquidity, availability, and total liabilities.
- Remain current on Bank credit policies, laws, and regulations; verify conformity and note exceptions in existing and prospective credit relationships.
- Gather and assess data for credit analyses, identify when additional information is needed, and complete work independently and by applicable deadlines.
- Identify potential or developing problems in the loan portfolio and recommend risk-rating adjustments.
- Review commercial real estate appraisals for accuracy and confirm or accept values.
- Prepare adversely classified loan memorandums for troubled borrowers that outline Bank risk and an action plan.
- Perform annual credit reviews of the Bank’s largest borrowers to assess ongoing risk and repayment ability.
- Accompany Loan Officers on business calls as needed and assist with developing and preparing loan proposals.
- Provide administrative support to Commercial Lenders and the Credit Officer.
- Assume additional responsibilities as requested.
- Report apparent suspicious activity and OFAC matches to the BSA Officer and Security Officer when handling customer accounts and transactions.
Benefits
- Competitive salary; posted range is $62,000 to $80,000 and compensation is commensurate with experience.
- Five weeks of paid time off.
- Hybrid work schedule after successfully completing six months of employment.
- 12 paid holidays.
- Medical, dental, vision, and life insurance upon hire.
- 401(k) plan with dollar-for-dollar match.
- Profit-sharing bonus after two full calendar years of employment.
- Wellness program with monetary incentives.
- $5,000 tuition reimbursement each calendar year.
- Weekly pay schedule.
- Dynamic work culture and fun work environment.
- Advancement opportunities.
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What This Job Offers
Job Type
Full-time
