Credit Analyst

Job Description

Credit Analyst

Position Overview

The Credit Analyst serves a vital role in the commercial lending process, responsible for conducting high-level and detailed analyses on commercial/business loans in accordance with established lending criteria of the Bank. The Credit Analyst will work closely with Commercial Lenders to prepare Loan Presentations and assist in ongoing management of the overall commercial loan portfolio.

RESPONSIBLE FOR THE FOLLOWING:

Provide an independent analysis of credit quality for loan relationships to determine borrower’s financial condition and ability to repay.

Perform in-depth credit analysis of complex credit requests for prospects and existing customers.

Determines credit worthiness of commercial credit applicants by analyzing various financial statements (Balance Sheet, Income Statement, and Statement of Cash Flow), commercial credit bureau reports (Dun and Bradstreet, Experian & Equifax), SEC Filings, bond ratings, grants, tax returns, letters of credit, and budgetary information.

Responsible for the efficient and accurate spreading of both corporate and individual financial statements and the preparation of cash flow analysis in accordance with prescribed bank procedures.

Review third party reports, cash flow analysis, credit strength, property characteristics and all other information pertinent to the credit decision process on each application.

Prepare accurate credit approval documents, in accordance with department procedures, which identify material strengths and weakness of the proposed transaction(s).

Review credit facility requests to determine compliance with basic structural, corporate policy and procedure, and governmental regulation requirements.

Reviews loan terms and conditions to determine if minimum loan structure requirements have been met. Identifies improper structure and discusses identified items with supervisor.

Ensure all documents related to underwriting are appropriately uploaded to Synergy.

Perform quality control techniques by identifying and resolving any issues within the underwriting standards and procedures. Review all credit underwriting for consistency and error identification.

Support credit and lending staff through completion of particular analysis requested.

As requested, prepare risk ratings for borrowers or specific loans.

Manages multiple assignments while meeting weekly deadlines and ensuring timely responses to Bank customers while having a high sense of prioritization, in order to assist in retaining existing customers, and obtaining new business.

Comply with all federal, state and local regulatory rules and regulations governing financial institutions, as well as all company policies and procedures.

Attend trainings and meetings, as assigned, to learn and familiarize with Bank’s established loan policies and procedures.

Complete and pass all required regulatory compliance training as assigned.

Assumes additional duties as requested, including special projects.

Maintain a record of tasks completed and a pipeline of work in progress.

Completes other duties as assigned.

JOB SKILLS/QUALIFICATIONS:

Bachelor’s Degree in Finance/Accounting or related business field from a four-year college or university preferred

Strong software and financial analysis skills, with Excel-based financial modeling experience.

Ability to thoroughly analyze complex credits on an independent basis.

Basic accounting principles in the interpretation of customer financial statement.

Basic knowledge loan structuring, commercial products and services, loan documentation requirements, legal issues, credit grades, credit processes, etc. to support larger and more complex credit requests.

Strong written and oral communications skills.

Ability to properly assess issues related to a credit request and present them clearly and accurately.

Ability to collaborate across multiple functional areas (e.g. credit, banker, loan operations).

Ability to excel in a team environment.

Ability to prioritize and manage multiple tasks concurrently.

Possess integrity and ethical character with a clean financial background.

Full-time