Commercial Credit Analyst

$60,000 - $80,000/Yr

GPAC - Cold Spring, MN

Full-time - Mid Level

Cold Spring, MN

Administrative and Support Services

About the position

The Commercial Credit Analyst will play a crucial role in supporting lenders by underwriting requests for credit extensions to both new and existing commercial clients. This position involves performing detailed financial analysis for all lending opportunities, which includes preparing credit approval and modification requests for presentation to the Loan Committee by the lenders. The analyst will also conduct annual credit reviews as necessary, ensuring compliance with the Bank's credit policies and procedures. A key responsibility is to ensure the timely collection and analysis of interim and annual financial statements provided by clients, updating financial information to maintain current reporting standards. In this role, the analyst will analyze data such as financial statements and agency reports on prospective and active borrowing accounts, preparing comprehensive written reports that evaluate the short and long-term prospects of individuals or companies. They will make informed recommendations to Loan Officers regarding the granting or denial of loans, preparing sufficient documentation to support these recommendations. The analyst will identify and interpret trends in financial data, including key financial ratios such as cash flow to debt service and debt-to-equity ratios. Additionally, the Commercial Credit Analyst will provide thorough documentation of all financial analyses through spreadsheets and written credit offering memorandums. They will suggest appropriate loan grades after conducting a thorough credit analysis and documentation review. Coordination of specific work tasks within the department is essential to ensure the smooth and efficient flow of information, and the analyst will be responsible for providing assigned reports and performing annual reviews of loan relationships.

Responsibilities

• Analyzes data (i.e. financial statements, agency reports) on prospective and active borrowing accounts and prepares written reports evaluating the short and long-term prospects of the individual or company.
• Makes recommendations to Loan Officers on the granting or denying of loans and prepares sufficient information (i.e. loan submissions) to document recommendations.
• Identify and interpret trends in financial data. Interpret key financial ratios (e.g. cash flow to debt service, debt-to-equity, etc.).
• Provides thorough documentation of all financial analysis via spreadsheets and written credit offering memorandums.
• Suggests a loan grade after conducting a thorough credit analysis and documentation review.
• Coordinates specific work tasks within the department in order to ensure the smooth and efficient flow of information.
• Provides assigned reports.
• Performs annual review of loan relationships.

Requirements

• Must have 5+ years experience in a bank as a Credit Analyst.
• Bachelor's degree in a relevant field.