Credit Analyst I or II
About The Position
The Credit Analyst promotes the Bank’s asset quality through unbiased, accurate, thorough, and timely risk assessment by analyzing financial statements and related credit data. This role prepares organized and comprehensive reports that assess the credit-worthiness of loan requests, providing the necessary information for informed lending decisions. Additionally, the Credit Analyst prepares reports for existing loan relationships to assess continued client credit-worthiness, monitors loan documentation and credit file information, and contributes to the independence of the commercial loan closing process and the final determination of required loan documentation.
Requirements
- A 4-year college degree in accounting or business or equivalent work experience
- Well-developed analytical and organizational skills.
- Must exhibit strong attention to detail.
- Excellent oral and written communication skills.
- Proficiency in Microsoft Excel, Word and Outlook.
- Must be able to multi-task, prioritize and work well under time constraints.
- Maintains compliance to all government regulations, including Bank Secrecy Act, Regulation E (Electronic Funds), Regulation CC (Funds Availability,) CRA and Regulation DD and Loan Policy or other policies pertaining to your position.
Nice To Haves
- Existing knowledge of lending process, underwriting, loan documentation
- Familiar with tax forms of all kinds.
- Familiarity with commercial real estate appraisals.
Responsibilities
- Obtain all available and necessary financial data from the credit file or outside sources to determine credit worthiness for loans, including identification of risks or strengths.
- Analyze financial statements & tax returns; study and evaluate the borrowers for repayment capacity, debt service coverage and overall credit worthiness.
- Maintain effective communication with loan officers throughout the underwriting and review process.
- Prepare loan presentations and other essential components of loan monitoring & review.
- Maintain accurate tracking of borrowers’ financial statements and tax returns.
- Communicate with loan officers when up-to-date financial information is needed.
- Conduct annual loan reviews & risk rating borrower relationships.
- Assist in facilitating loan review with external auditors.
- Rate and grade loans and lines of credit based on criteria established by management.
- Provide detailed reports on loan review findings.
- Provide Senior Management with various commercial loan reports.
- Perform review of real estate appraisal reports and other collateral valuations.
- Prepare & present reports to Loan Committee as needed.
- Perform underwriting on consumer loan requests.
- Assist in administration of the Bank's collection process by monitoring delinquent loans, preparing collection reports, coordinating with lenders and/or contacting borrowers regarding payment obligations.
- Provide backup support for commercial loan due diligence, which may include documentation review and credit file preparation.
- Assist with other projects and duties as needed.
Benefits
- Educational reimbursement with First Citizens paying 100% of tuition for full time employees
- Student loan debt repayment
- Paid time off
- 401(k)
- Health, dental, vision insurance
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Education Level
Associate degree
