Senior Credit Analyst

Ascend Bank • Wallingford, CT

51d

About The Position

The Senior Credit Analyst provides support to commercial lenders through detailed financial/credit analysis, performs research on industry trends, trains and mentors less experienced analysts, and independently underwrites loan requests with a primary focus on large and/or complex borrowing relationships. This role also involves preparing internal reports and contributing to the overall credit function of the bank.

Requirements

• A bachelor’s degree, with an emphasis in business, finance or accounting.
• Supplemental banking education/formal credit training.
• Good financial analytical abilities.
• Proficiency in WORD, EXCEL and other MS OFFICE applications.
• Excellent verbal and written communication skills.
• Ability to interact professionally with a diverse group, executives, managers, and subject matter experts.
• 4+ years of related commercial underwriting experience.
• Knowledge of financial statement fundamentals, accounting concepts, and industry trends and practices.

Nice To Haves

• Familiarity with automated underwriting systems is a benefit.
• Ancillary banking education preferred.

Responsibilities

• Analyze financial information of prospective and existing borrowers and underwrite loans in conformance with Loan Policy, primarily for large and/or complex borrowing relationships, requiring minimal guidance and completion within 5 active working days.
• Work directly with Commercial Lending Officers to obtain all necessary information needed to underwrite loan requests.
• Prepare spreadsheets, analyze financial information, and develop cash flows of prospective and existing borrowers.
• Prepare loan offering memoranda, analyzing financial, collateral, cash flow, and other appropriate information of prospective borrower’s and guarantors, assessing credit risk, and underwriting in conformance with Loan Policy.
• Present loan requests to the appropriate loan authority level.
• Perform analyses on perspective vendors of the Bank on an annual basis when appropriate and on request.
• Provide leadership, training, and coaching to the Credit Analyst team and back up support for the department Manager.
• Assist in the collection of all pertinent information on commercial borrowers to ensure continued financial capacity and adherence to loan covenants.
• Assist in maintaining an accurate record of financial information for each commercial borrower.
• Maintain commercial credit files to ensure the adequacy of loan documents and supporting information.
• Assist in determining the scope of the commercial loan portfolio review performed by an outside loan review firm, acting as a liaison with the outside firm in providing requested information and updates.
• On a limited basis, call on prospective borrowers to introduce the Bank’s lending programs and determine credit needs.
• On a limited basis, attend meetings with prospective and existing clients with the respective Commercial Lender to obtain appropriate information regarding the Borrower.
• Maintain a presence in local Chambers of Commerce and other civic or business-related organizations to maintain awareness of business lending opportunities.
• Order and review environmental initial screenings.
• Participate in Management Loan Committee meetings as needed.
• Support the Commercial Credit Manager and/or Team Lead with the training and development of new team members and trainees.
• In consultation with the CLO and Credit Management, prepare required reporting for Management Loan Committee and Board of Trustees.
• Prepare high-quality credit presentations with minimal rewrites and conduct accurate credit analysis on all assigned projects.
• Perform other duties as required.
• Complete all required compliance training as assigned in a timely manner.

Benefits

• Compensation is based on our market pay structures.
• Individual salaries are determined by a variety of factors including, but not limited to business considerations, local market conditions, and internal equity, as well as candidate qualifications, such as skills, education, and experience.

What This Job Offers

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