Credit Analyst
About The Position
First Federal Bank of Louisiana is seeking a Credit Analyst in its Business Banking Department. This in-person position is located at the bank’s Main Office in Lake Charles, Louisiana. The Credit Analyst assists business banking lenders and officers with business loan activity by developing and analyzing credit and financial information for diverse types of business loans. The role prepares detailed and summary analyses of business borrowers’ financial condition for loan officers and committees and maintains ongoing credit reviews of existing borrowers with outstanding loan balances. The analyst may accompany officers on customer calls when requested. The position includes developing credit information for lending decisions on new, renewal, and extension loans; reviewing relevant credit and financial materials; preparing spreadsheets, analysis reports, and loan committee packages; and periodically reviewing credit files to ensure information is current. The analyst also performs annual reviews for specified business customers above defined aggregate debt thresholds, prepares comparative analyses, and determines loan classification ratings. Bank personnel must complete all compliance training assigned to them in a timely manner and in accordance with bank policy.
Requirements
- Bachelor’s degree from a four-year college or university.
- At least one year of related experience and/or training in analyzing financial information and making industry evaluations.
- Ability to perform the essential duties satisfactorily.
Nice To Haves
- A bachelor’s degree in accounting, business, or finance is preferred.
Responsibilities
- Develop credit information for lending officers or committees making decisions on new, renewal, and extension loans.
- Review pertinent credit and financial information, including bank files, credit reporting services, and information from financial institutions.
- Prepare spreadsheets and related financial information.
- Prepare summary reports, present facts, and offer opinions concerning creditworthiness to loan officers and/or committees.
- Assist lenders and loan officers in preparing loan application packages for loan committee presentations.
- Review credit files periodically, and at least annually, to ensure information is current; report difficulties to loan officers.
- Monitor credit files to ensure current financial statements and other pertinent items are available.
- Perform annual reviews on specified business customers whose outstanding loan balances exceed defined aggregate debt thresholds.
- Prepare comparative analysis reports for file documentation and determine loan classification ratings.
- Complete assigned compliance training timely and in accordance with bank policy.
- Accompany officers on customer calls when requested.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
