CREDIT ANALYST

Southern Michigan Bank & Trust • Coldwater, MI

9h • Onsite

About The Position

This position evaluates the credit worthiness of commercial loan customers. The Credit Analyst is responsible for contributing to the loan decision-making process, providing in-depth credit analysis of new and existing customers for the bank. A credit analyst must be able to effectively report results and decisions orally and in writing. They must also be able to work on multiple credits at the same time and prioritize them properly. All other duties and responsibilities as assigned.

Requirements

• Bachelor’s degree from four-year college or university or one to two years related experience and/or training.
• Having a basic understanding of accounting principles and concepts is recommended.
• Through education or work experience have a basic understanding of the Bank’s loan products and loan policies along with a basic understanding of banking laws and regulations as well as industry standards.
• Basic computer skills including Microsoft Word, Excel, and database knowledge.
• Ability to read, analyze, and interpret general business periodicals, professional journals, technical procedures, or governmental regulations.
• Ability to write reports, business correspondence, and procedure manuals
• Ability to effectively present information and respond to questions from groups of managers, clients, customers, and the general public.
• Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations.
• Ability to work with mathematical concepts such as probability and statistical inference.
• This position is required to deal with internal as well as external customers, in a positive, “Quality Customer Service” manner.
• An open, willing to assist approach to work is expected along with the ability to work beyond their normal job duties as the situation requires.
• Interpersonal and problem-solving skills are required.
• This position will have access to highly confidential information that must be handled in a professional manner.
• Ability to solve practical problems and deal with a variety of concrete variables in situations where only limited standardization exists.
• Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form.

Responsibilities

• Spread and analyze financial information for new and existing borrower relationships, evaluating the financial health of the borrower(s)
• Prepare presentations of proposed loans, including objective recommendations regarding the credit worthiness
• Prepare annual reviews and credit memos
• Understand and communicate the degree of risk involved in extending credit by developing and evaluating primary, secondary and tertiary sources of repayment in addition to understanding liquidity and leverage of the borrower
• Assist with bank audits
• Assist in maintaining loan files for adequate and current financial information and documentation
• Assist with floor plan audits
• Effectively communicate with members of the credit team, loan officers and others as required
• Assist in the generation of departmental reports as assigned
• Assist with credit or loan administration areas as needed
• Log, image & file credit related documents as necessary

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 11-50 employees