Credit Analyst

FINWISE BANK•Murray, UT

11d•Onsite

About The Position

Credit Analyst (“Analyst”) assists the Senior Vice Presidents of Credit Management & Strategy to ensure that loans are reviewed, underwritten, presented to loan committee, and otherwise assists in other due diligence produced by the credit team. Analyst is responsible for assessing a loan applicant's ability to repay the loan and recommending that it be approved or denied.

Requirements

Knowledge of basic economic and accounting principles and practices, banking and the analysis and reporting of financial data.
High School Diploma or equivalent
Sit or stand at a computer for long periods of time and look at a computer screen for several hours a day
Maintain polite, calm and professional composure when dealing with customers, including customers who may be rude or difficult
Work at an assigned FinWise office location or at remote or home office
Communicate with others in person, on the phone, virtual meeting and email
Maintain confidentiality
Work overtime as assigned
Work cooperatively with others
Comply with all company policies and procedures
Background check are required on all bank employees due to accessibility of Personally Identifiable Private Information.

Nice To Haves

Bachelor’s Degree in Finance, Business, Accounting or similar degree
Prior experience in lending or financial analysis, which could include prior internship
Familiarity with SBA SOP 50 10 6 and SOP 50 57 2, or their successors

Responsibilities

Gathers and analyzes loan applicants’ financial data to evaluate risk.
Assesses creditworthiness of individuals, companies, and institutions.
Collaborates with other financial experts to approve or deny loans.
Makes recommendations about whether to increase, adjust, extend, or close lines of credit.
Undertakes risk analysis using regional, sector-specific, environmental, and other financial data.
Prepares and presents credit reports.
Completes quality assurance reviews.
Gauges market trends.
Monitors and adheres to collateral compliance covenants.
Ensures that all loans are made in adherence with federal, state, and local financial regulations.
Analyzes data to verify information and uncover fraud if present.
Helps to update and improve credit rating criteria.
Authors documents on credit risk and related financial matters.
Communicates credit decisions and policies to fellow employees and credit applicants.
Oversees or undertakes document preparation.
Aids in the management of loan pipeline and appropriately catalogs updates.