Secured Credit Analyst

Carter Bank•Martinsville, VA

About The Position

The Secured Credit Analyst independently monitors collateral and approves advances on certain loans within the Commercial Banking portfolio: construction loans, revolvers secured with trading accounts (Secured Lending), and lines secured by marketable securities. The Analyst interprets loan approvals and loan documents to determine funding conditions and analyzes supporting documents—including AIA certificates, inspection reports, borrowing base reports, accounts receivable aging schedules, and brokerage statements—to assess funding availability and identify risks to the bank. The role includes reviewing appraisals and collateral information, evaluating advance requests and financial performance, coordinating advance processing with Loan Servicing, and communicating findings, availability, collateral trends, and significant issues to management and lenders. The Analyst also maintains loan and account files, investigates discrepancies, and contributes recommendations on loan structures and resolutions.

Requirements

High school diploma or equivalent required.
Outstanding verbal and written communication skills.
Excellent presentation skills.
Project management skills that foster collaboration among multiple departments, auditors, and examiners.
Problem-solving and analytical planning skills.
Excellent interpersonal skills.
Ability to perform effectively in a fast-paced environment.
Proficient computer skills.
Ability to stand, walk, bend, and stoop; sit at a desk for long periods and use a computer; and occasionally move or lift up to 10 pounds.
Limited occasional travel, including during and after business hours.

Nice To Haves

Bachelor’s degree in Business, Accounting, Finance, Economics, or a related field preferred.
Knowledge of credit administrative procedures, commercial lending practices, loan structures, regulations, risk assessment, products, data structures, and reporting.

Responsibilities

Order and review appraisals, environmental assessments, and property condition assessments.
Coordinate appraisal ordering and review with Appraisal Management Firms and maintain approved appraiser lists.
Create and maintain construction loan master files and draw files.
Review and approve advance requests by analyzing AIA certificates, paid invoices, inspection reports, lien waivers, title takedowns, and other relevant documents.
Facilitate processing of advances in conjunction with Loan Servicing.
Communicate out-of-balance conditions and other significant issues to management and participate in resolving them.
Identify needed changes to Call Codes and other system fields as loans move from construction to permanent financing.
Order and review field examinations, convey loan-structure recommendations to management and lenders, and remit invoices for payment.
Create and maintain working files for each followed account, including relevant loan, customer, and collateral information.
Evaluate accounts receivable, including aging, accounting processes, customer credit policies, and collection costs.
Evaluate inventory and other collateral, including composition, age, obsolescence, turns, and trends; conduct field examinations when required.
Review financial statements to assess sales and profit levels and trends, cost of goods sold, net interest margin, and asset, liability, and owner’s equity levels and trends; compare company performance with industry standards and peers when appropriate.
Provide lenders with timely, accurate, and complete analysis results and supporting information, collateral information, and excess availability.
Investigate and resolve discrepancies or disputes under the general guidance of senior management.
Communicate status to secured credit management and lenders regarding collateral and availability, unusual collateral performance trends, and over-advance status.