Credit Analyst I, Loan - Admin/Proc/Credit (Finance)
Basic Qualifications
Education/Training:
A B.S. or B.A. degree in a related field of study preferred; specialized financial analysis training.
Skill(s):
Proficient reading, writing, grammar, and mathematics skills; moderate interpersonal relations and communicative skills; a thorough knowledge of current lending and loan review regulations and banking regulations, procedures, and operations; proficient ability to analyze and interpret financial statements; moderate computer skills; visual and auditory skills.
Experience:
A minimum of one year of experience as a Credit Analyst or a bachelor's degree in Finance or related field is required.
General Responsibilities
Responsible for performing credit analysis/commercial loan underwriting and related administrative duties as necessary to support the Commercial Lending team; achieving goals as established in the assigned department's annual operating plan; coordinating work within the department, as well as with other departments; complying with operating policies and procedures established for the credit analysis function; communicating with appropriate personnel; responding to inquiries or requests for information; maintaining appropriate records and providing assigned reports.
Essential Duties
1. Credit Analysis / Commercial Loan Underwriting (in accordance with Bank procedures)
a. Receive, organize and review all financial data for multiple years (corporate financial statements, personal financial statements, corporate tax returns, personal tax returns, credit bureau reports, accounts receivable agings, inventory listings, appraisals, collateral evaluations, ect) and determine need for additional information.
b. Research specific industry benchmarks and identify risks or issues and the potential impact to the borrower's performance.
c. Research and analyze current banking relationship including loan exposure, deposit balances and handling of accounts.
d. Using gathered financial data, compile spreadsheets and reports into Bank's format.
e. Calculate cash flow, global cash flow, and key financial ratios.
f. Analyze financial data, spreadsheets, and reports identifying credit strengths and weaknesses, potential risks to the bank and likeliness of repayment of debt.
g. Identify performance trends, both positive and negative and determine cause and effect.
h. Prepare written narrative outlining the results of the financial analysis and calculations detailing the credit strengths and weaknesses, potential risks to the bank and an evaluation of creditworthiness.
i. Review and test loan covenants, when applicable.
j. Based on findings contained in the narrative report, propose continuation or amendment to current risk ratings
2. Administrative Duties (in accordance with Bank procedures)
a. Maintains respective credit files which include information related to the commercial underwriting process
b. File credit file related documents as necessary
c. Maintain pipeline and status report spreadsheets as requested to manage workflow
d. Completes commercial credit inquiries from external sources
e. Supports the Appraisal Department as assigned to prepare Real Estate Evaluations
f. Assist with communication to acquire financial information from borrowers
g. Attends and participates in Loan Committee meetings as requested
3. Other Duties as Assigned
a. General adherence to all policies and procedures and practices in support of risk management and overall safety and soundness and the Bank's compliance with all regulatory requirements, e.g. Community Reinvestment Act (CRA), Bank Secrecy Act (BSA), Equal Credit Opportunity Act, etc.
b. Abides by the current laws and organizational policies and procedures designed and implemented to promote an environment which is free of harassment and other forms of illegal discriminatory behavior in the work place
c. Other duties as assigned by supervisor
d. General expectation to conduct business in a professional manner and in a way that exhibits leadership qualities consistent with Bank expectations
Equipment/Machines
- Telephone
- PC/Computer keyboard
- Printer
- Fax machine
- Copy machine
- Calculator
- Microsoft office products
