Credit Analyst

GPAC - Humboldt, IA

Full-time - Entry Level

Humboldt, IA

Administrative and Support Services

About the position

The Credit Analyst will play a crucial role in supporting lenders by underwriting requests for credit extensions to both new and existing clients. This position involves performing detailed financial analyses for all lending opportunities, which includes preparing credit approval and modification requests for presentation to the Loan Committee. The Credit 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 Credit 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 like cash flow to debt service and debt-to-equity ratios. The position requires thorough documentation of all financial analyses through spreadsheets and written credit offering memorandums. The Credit Analyst will suggest a loan grade after conducting a detailed credit analysis and documentation review. Coordination of specific work tasks within the department is essential to ensure the smooth and efficient flow of information. Additionally, the analyst will be responsible for providing assigned reports and performing annual reviews of loan relationships, along with other projects as assigned.

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.
• Identifies and interprets trends in financial data and interprets 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 to ensure the smooth and efficient flow of information.
• Provides assigned reports.
• Performs annual review of loan relationships.
• Completes other projects as assigned.

Requirements

• College degree in business field and/or minimum two years related experience in an analytical, operations, lending or loan support banking position.
• Analytical ability sufficient to learn analysis of complex commercial financial statements.
• Working knowledge of loan documentation and proper loan structure.
• Strong written and verbal communication skills along with a basic understanding of the principles of accounting.
• Knowledge of Microsoft Office programs, especially Word and Excel.
• Excellent organizational and interpersonal skills, attention to detail, and the ability to work in a fast-paced environment and complete assignments in a timely manner with minimal direction.
• Ability to work independently as well as in a team environment and be responsive to supervisory guidance.
• Professional image by adhering to guidelines in the employee handbook.