Secured Credit Analyst

Carter Bank•Martinsville, VA

3d•$21 - $36

About The Position

The Secured Credit Analyst independently monitors collateral and approves advances on certain loans in the Commercial Banking portfolio, including 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—such as AIA certificates, inspection reports, borrowing base reports, accounts receivable aging schedules, and brokerage statements—to determine funding availability and identify risks to the bank. The role includes ordering and reviewing appraisals, environmental assessments, property condition assessments, and field examinations; maintaining construction loan files and working files for followed accounts; reviewing and approving advance requests; and coordinating advance processing with Loan Servicing. The Analyst evaluates accounts receivable, inventory, other collateral, and company financial statements, and communicates analysis, collateral status, availability, risks, and recommendations to lenders and management. The position may require supplemental hours periodically and limited occasional travel during and after business hours.

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 skills and analytical planning skills.
Excellent interpersonal skills.
Ability to perform effectively in a fast-paced environment.
Proficient computer skills.

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 with Appraisal Management Firms and maintain approved appraiser lists.
Create and maintain construction loan master files, draw files, and working files containing relevant loan, customer, and collateral information.
Review and approve advance requests by analyzing AIA certificates, paid invoices, inspection reports, lien waivers, title takedowns, and other relevant documents; facilitate advance processing 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 recommendations regarding loan structure to management and lenders, and remit invoices for payment.
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 company sales, profit levels and trends, cost of goods sold, net interest margin, assets, liabilities, and owner’s equity; compare 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 and disputes under the general guidance of senior management.
Communicate status to secured credit management and lenders regarding collateral reporting and availability, unusual collateral performance trends, and over-advance status.