Credit Analyst (On-site, Seattle or Bellevue, WA)

HERITAGE BANK•Seattle, WA

36d•$30 - $55•Onsite

About The Position

Heritage Bank is seeking a Credit Analyst to join our organization at our Downtown Seattle or Bellevue, WA office. The Credit Analyst will be responsible for assisting Commercial Bankers in underwriting credits, portfolio management, maintenance, and customer service for an assigned portfolio of commercial accounts. This role also ensures compliance with all policies, procedures, and regulations, and the accurate and timely delivery of documents for loan closing. The position is expected to independently manage a small portfolio and prepare thorough analyses of all credit aspects, including financial spreads and projections, in accordance with Bank policies. This includes preparing documentation for new loan requests, renewals, and annual reviews, and responding promptly and accurately to customer inquiries regarding the lending process. This is a Full Time (40 hours per week) position, to be performed on-site in Seattle or Bellevue, Washington.

Requirements

Bachelor’s degree in Business Administration, Finance, Economics, Marketing or relevant discipline required.
Level I - 1+ recent experience in a commercial lending support and/or credit analyst role, in the financial services industry required.
Level II- 3+ years recent commercial credit underwriting experience, which includes financial statement analysis, cash flow analysis, collateral evaluation and loan structuring in a commercial banking environment required.
Accounting and Financial analysis skills developed through a combination of education and work experience required.
Equivalent combination of education, formal credit training and relevant experience may be considered.
Provides an exceptional level of quality service for internal/external customers; responds to customers' needs, questions and concerns in an accurate, effective, and timely manner.
Excellent listening, verbal, written and telephone etiquette business communication skills, with the ability to communicate outstanding/follow up issues over the phone, in person and via email; effective presentation skills, with the ability to read, write, speak and understand English well.
Working knowledge of accounting and finance theory and practices, including Generally Accepted Accounting Principles, taxation, legal forms of organizations, and business law.
Ability to interpret financial statements/spreads (including cash flow, balance sheet, and profitability), and present facts and offer opinions concerning credit worthiness.
Knowledge of financial modeling techniques, and ability to identify recurring and non-recurring sources of cash flow and guarantors’ ability to service debt.
Knowledge and experience interpreting credit reports and industry financial information averages.
Working knowledge and experience of lending practices, collateral perfection, loan documentation, disclosures, terminology, and legal documents.
Ability to understand and apply principles, procedures, compliance requirements, federal/state regulations, and policies related to assigned area, as well as the Bank’s policies, procedures, products, and services.
Strong organizational, time management, data review and processing skills; with the ability to identify and resolve exceptions and interpret data in a timely manner.
Demonstrated analytical and problem-solving skills with excellent attention to detail and a strong focus on accuracy.
Demonstrated ability to quickly focus on key issues and make decisions under pressure of time constraints and/or competing deadlines with minimal direction and oversight.
Unquestionable integrity in handling sensitive and confidential information required.
Proficient use and understanding of MS Office products (Word, Excel, Outlook), with the ability to learn and adapt to new technologies quickly and gain working knowledge of financial services loan systems and credit software applications – required.

Nice To Haves

MBA preferred.

Responsibilities

Provides an exceptional level of customer service around all aspects of the banking relationship with a focus on the credit aspects in conjunction with the Commercial Banker assigned to the relationship.
Independently interacts with prospective and existing clients to collect financial statements, tax returns, and other applicable information, to include, but not limited to account receivables aging’s, account payable aging’s, rent rolls, operating statements, leases, corporate documents, and environmental reports.
Independently completes and/or coordinates with Credit Administration, financial statement spreading and cash flow/global cash flow analysis, as requested and needed.
Identifies loan purpose, source of repayment, collateral value/priority, and full written analysis of all credit elements within the credit memorandum (SCM).
Participates in presentations/meetings with credit administration to negotiate structuring, pricing and edits needed to highlight and or partially mitigate credit risks.
Tracks loan agreement compliance, covenant monitoring, borrowing base certificates and financial reporting, via use of the lending tickler system. Ensures timely and accurate follow up.
Analyzes financial and other information and complete file memos or written analysis to document trends and, where necessary, report and/or gain credit approval for action taken on Loan Agreement violations.
Independently interacts with customers to collect information needed to complete loan renewals ahead of loan maturity dates, to include information needed to order new property appraisals, as applicable.
Participates in the construction administration process by collecting and reviewing required information for monthly draws in conjunction with the RECAD team.
Complies with governing regulations by maintaining current knowledge of commercial law, UCC and Banking regulations and policies to ensure conformity with required laws and terms.
Accompanies Commercial Banking Officer on business calls and/or site visits, as requested.