Credit Analyst
About The Position
The Credit Analyst is responsible for the comprehensive management of credit files for commercial and other major borrowers and/or guarantors, ensuring adherence to bank policy and procedures. Key duties include compiling financial statement and tax return information, preparing detailed reports and charts for cash flow analysis and projections, and evaluating existing clients and credit facilities. This evaluation involves performing financial statement analysis, assessing compliance with borrowing bases and loan covenants, and identifying overall risk within a client's business, industry, customer base, and geographical location. The role also requires conducting research and analysis of industry and market data to develop financial projections. The Credit Analyst is tasked with preparing monthly and quarterly loan reports for presentation to the Loan Committee, Board of Directors, and the Senior Lender. Additionally, the position involves financial analysis of the outstanding Bond Portfolio, including tracking balances, purchases, redemptions, and rating changes, as well as individual bond analysis. The analyst will track financial exceptions and collaborate with lenders to gather and maintain current financial information. Underwriting for OnBoard Loans and LoanVantage Loans (or other applicable loans) is also a core responsibility.
Requirements
- Strong understanding of risk management and credit mitigants
- Knowledge of risk ratings analysis
- Strong analytical and financial modeling ability
- Strong client service skills
- Strong organizational skills
- Strong verbal and written communication skills
- Strong relationship building skills
- Proficiency using Microsoft Office software products including advanced Excel
Nice To Haves
- Bachelor's Degree in Business Administration, Finance, Accounting, or Related Discipline
- Two Years’ experience in Credit Analyst work related field
Responsibilities
- Responsible for the creation and maintenance of credit files on commercial and other major borrowers and/or guarantors according to bank policy and procedures.
- Responsible for compiling financial statement/tax return information for prospective and current borrowers in consistent format.
- Prepare reports/charts for worksheets showing historical and current cash flow and projections.
- Evaluate current clients and credit facilities by performing financial statement analysis, calculating adherence to borrowing bases and loan covenants, and assessing the overall risk within the client’s business, industry, customer base and geography.
- Perform research and analysis of industry and market data to complete financial projections.
- Responsible for preparing monthly and quarterly loan reports for presentation for Loan Committee, Board of Directors and for the Senior Lender.
- Responsible for financial analysis for the outstanding Bond Portfolio, including tracking balance, purchases, redemptions and rating changes; individual bond analysis.
- Track financial exceptions and work with lenders to collect and maintain current financial information.
- Underwriting for OnBoard Loans and LoanVantage Loans (or other, if applicable).
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What This Job Offers
Career Level
Entry Level
Education Level
No Education Listed
Number of Employees
11-50 employees
