Credit Analyst (Sr. Credit Analyst)

Job Description

The pay range represents the anticipated base pay for this position. Actual pay and title will be based on factoring including, but not limited to: market data, internal equity, skillset and knowledge, experience, education and overall qualifications for the role.

Credit Analyst: $70,000 - $80,000 annually

Sr. Credit Analyst: $80,000 - $100,000 annually

This position is eligible for the Credit Analyst Annual Incentive Plan.

JOB SUMMARY

The Credit Analyst position is responsible for analyzing and monitoring credit worthiness of assigned account base and preparing professional credit presentations that recommend the extension of credit within established guidelines. Responsible for analyzing risk within the lending portfolio, at the inception of a lending process and on an ongoing basis.

JOB RESPONSIBILITIES

1. Perform financial analysis of assigned credits

Ensure financial package is complete with tax returns and financial statements. Obtain missing items from banker or customer.

Complete financial spreads using Baker Hill, WebEquity, Excel and/or other software.

Analyze the results of the financial spreads (i.e. financial ratios and cash flow) to determine viability and repeatability of primary repayment source (typically cash flow).

Evaluate and analyze secondary sources of repayment, including collateral and guarantors, to determine adequate repayment sources for the loan.

Compare customer financial status to industry norms and MCB Credit policy guidelines.

Consider all risk and accurately propose and assign risk rating to match level of risk.

Make recommendations and discuss results with Lender.

2. Proactively partner with lender and borrower to clarify issues and gather additional information

3. Participate in joint calls with lender, as requested

4. Prepare Credit Action Presentation based on analysis and provide support through the approval process

5. Perform annual and other routine credit administration

Ensure credit files are up-to-date including ongoing routine administration.

Review periodic loan covenants to determine compliance and take appropriate action when needed.

Assist lender in completing File Comments, Material Change Forms and assist in managing ticklers.

JOB REQUIREMENTS

Education-

Credit Analyst - Required: Bachelor's Degree

Sr. Credit Analyst - Required: Bachelor’s Degree

Sr. Credit Analyst - Preferred: Ongoing professional development

Experience-

Credit Analyst - Required - 1+ years of related banking experience

Sr. Credit Analyst - Required: 5+ years of progressively responsible credit analysis experience or equivalent, demonstrated higher level analysis and output.

SCHEDULE

This position is scheduled to work 40 hours per week from 8:30 am to 5 :00 pm. The Company reserves the right to change the schedule as required for business needs.

BENEFIT INFORMATION

Our Team Members enjoy a comprehensive benefits package, including:

Health Insurance with two medical plan options as well as dental and vision options.

Employer matched 401(k) plan.

Company-paid life insurance, AD&D and short and long-term disability. Team members can also purchase additional life and AD&D insurances.

Paid Time Off and all Federal holidays observed.

MidCountry Bank is an equal opportunity employer and does not discriminate against otherwise qualified applicants on the basis of race, color, creed, religion, ancestry, age, sexual orientation, marital status, national origin, disability or handicap, veterans status, genetic information or gender identity. MidCountry Bank is an EEO/AA Employer.