Credit Analyst

Bank of Utah • Orem, UT

4d • Onsite

About The Position

The Credit Analyst evaluates individual credits for compliance with underwriting guidelines and accuracy of risk rating. This role analyzes the bank's loan portfolio for deterioration in quality, researches local and national economic trends and interprets their potential impact on the loan portfolio. The Credit Analyst also analyzes and spreads customer financial statements, evaluates risks in the loan portfolio, and prepares management reports on the status of the loan portfolio.

Requirements

• Good computer skills including but not limited to those found in a Windows environment.
• Good analytical, oral and written communication skills combined with the ability to present information in a clear and concise manner.
• BS Degree in Accounting or Finance or 2 years equivalent work experience.
• Ability to work in a team setting.

Responsibilities

• Evaluates individual credits for compliance with underwriting guidelines and accuracy of risk rating.
• Analyzes bank’s loan portfolio for deterioration in quality.
• Researches local and national economic trends and interprets the potential impact on the loan portfolio.
• Analyzes and spreads customer financial statements.
• Evaluates risks in the loan portfolio and prepares management reports on the status of the loan portfolio.
• Critiques and evaluates loans for deterioration in credit quality.
• Scrutinizes individual loan files for compliance with Bank policy, federal regulations, completeness and accuracy of loan documents, financial strength of borrower, strength of collateral position and accuracy in risk grading.
• Identifies weakness in credits for potential problems and/or losses and recommends corrective actions.
• Researches economic information and monitors economic trends in the major industries affecting our loan portfolio and determines if additional risks to the bank have occurred.
• Spreads and analyzes borrower's financial statements and prepares written summaries of findings for use by Loan Officers on applications for new loans and annual renewals.
• Analyzes and compares borrower financial performance to peer groups using national statistics.
• Conducts full loan analysis, including industry and local economic trends and risks, of selected borrowers.
• Prepares Prescreen on existing and prospective Borrowers.
• Researches and analyzes information relative to the bank’s risk in identified areas of loan and industry concentrations.
• Prepares management reports of specific economic or market trends affecting the bank’s loan portfolio.
• Conducts annual evaluations of large credits.
• Performs an examination and evaluation of individual loan officer and/or branch loan portfolios.
• Prepares various management reports as assigned by department management.
• Other duties as assigned.

Benefits

• Great work-life balance, with a Monday-Friday schedule
• Competitive pay and benefits, including medical, dental and vision plans
• 401(k) plan and match up to 5 percent in our employee stock ownership program (eligibility requirements must be met)
• 12 paid bank holidays + paid time off, including paid parental leave
• Volunteer opportunities to make a difference in the communities where you work and live
• Awards and recognition to celebrate you and your colleagues for living the bank's values

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level