Credit Analyst

About the position

This individual will provide analytical expertise primarily for commercial loan requests in report and written memo form. Responsible for implementing the underwriting procedures and process relative to commercial lending. This individual will also implement the commercial lending loan review process and procedures. Additional tasks may be assigned when necessary relative to the commercial lending portfolio and any other analytical task associated with the lending function.

Responsibilities

• Conducts investigations, analyzes financial data, and prepares written credit analyses to assist the loan officer in credit extension decisions.
• Utilizes credit-reporting services to compile reports relating to the credit history of potential customers.
• Researches and analyzes financial statements.
• Interprets and prepares analyses on financial performance and credit worthiness of existing and potential customers.
• Performs spreads of corporate financial statements.
• Insures proper grading of credits and relationships.
• Performs personal cash flow analysis based off of individual's tax returns.
• Accompanies Loan Officers, when requested, on sales calls on clients/prospects.
• Assists Loan Officers in credit presentations to Loan Committee, when requested.
• Undertakes special projects related to job function, as determined by the Head of Credit Policy.
• Participates in community related activities.
• Monitors the financial position of established accounts, and brings any irregularities to the attention of the Loan Officer, EVP/Loans, and/or Head of Credit Policy.
• Monitors loan structure and performance to ensure compliance with policy.

Requirements

• College degree with major in finance is highly encouraged.
• Three years of experience in banking, finance, accounting or business is preferred.
• Requires knowledge and understanding of financial statements.
• Requires knowledge in making industry evaluations.
• Must be able to use a personal computer with Windows, Microsoft Word & Excel, and various other software applications (i.e. Moody's, etc.).
• Knowledge of banking regulations, compliance, UCC and lien perfection is helpful.
• Previous on-the-job training in lending is a plus, but not required.
• Self-starter and self motivator.