Credit Analyst

Job Summary

The Credit Analyst is an individual contributor responsible for gathering, analyzing, and interpreting various types of credit information on existing and prospective customers to determine credit worthiness. While under the supervision of Underwriting Team Leaders, the Credit Analyst assists in structuring new requests for extensions of credit, as well as completing extensions, renewals and making recommendations for improving the bank's position with deteriorating credits.

About the Role

Evaluate loan requests to properly identify purpose, risk elements, and collateral adequacy. Assess the liquidity, quality of management, market position, and overall business climate to estimate future profitability of business. Analyze credit data, financial statements (cash flow, balance sheet, income statements), and tax returns (both personal and business) to determine creditworthiness and the degree of risk involved in extending credit or lending. Apply accounting principles to basic financial modeling. Input, interpret, and assess risk rating model output and client data to develop a credit recommendation. Develop the credit write-up to recommend loan structuring opportunities to present to Credit partners and/or Credit Officers; document and communicate findings providing relative guidance. Identify deteriorating credits early and escalate with considerations for restructure. Initiate annual reviews. Review loan documentation to ensure loan documents match terms and conditions outlined in the credit approval. Create and maintain credit files, and develop spreadsheets based on financial statements to facilitate foundational underwriting analysis. Responsible for client setup, client data tracking, document tracking, reports, testing borrowing base certificates and covenant compliance, trends, and dashboards. Provide financial analysis and portfolio administration to ensure timely and accurate risk ratings. Prepare loan packages and monitor and maintain loan portfolios. May mentor newly hired analysts. Performs other duties as assigned; duties, responsibilities and/or activities may change or new ones may be assigned at any time with or without notice.

Essential Functions

• Evaluate loan requests to properly identify purpose, risk elements, and collateral adequacy.
• Assess the liquidity, quality of management, market position, and overall business climate to estimate future profitability of business.
• Analyze credit data, financial statements (cash flow, balance sheet, income statements), and tax returns (both personal and business) to determine creditworthiness and the degree of risk involved in extending credit or lending.
• Apply accounting principles to basic financial modeling.
• Input, interpret, and assess risk rating model output and client data to develop a credit recommendation.
• Develop the credit write-up to recommend loan structuring opportunities to present to Credit partners and/or Credit Officers; document and communicate findings providing relative guidance.
• Identify deteriorating credits early and escalate with considerations for restructure.
• Initiate annual reviews.
• Review loan documentation to ensure loan documents match terms and conditions outlined in the credit approval.
• Create and maintain credit files, and develop spreadsheets based on financial statements to facilitate foundational underwriting analysis.
• Responsible for client setup, client data tracking, document tracking, reports, testing borrowing base certificates and covenant compliance, trends, and dashboards.
• Provide financial analysis and portfolio administration to ensure timely and accurate risk ratings.
• Prepare loan packages and monitor and maintain loan portfolios.
• May mentor newly hired analysts.

Education and Experience

• Bachelor's Degree or equivalent work experience in finance, accounting, economics and/or business.
• Experience with financial and/or borrower analysis.

Skills

• Able to gather or pull together relevant information and utilize it to draw insights, conclusions, solve problems, make decisions and/or tell a story.
• Demonstrates an understanding of foundational accounting principles and can interpret and analyze financial statements (balance sheets, income statements, cash flow statements) to assess a company's financial health and ability to meet its obligations.
• Able to effectively utilize various tools and techniques, including financial ratios, to evaluate a borrower's financial strength and assess risk.
• Able to effectively identify, assess, and control potential risks involved with corporate lending.
• Able to effectively interpret and negotiate credit agreements and loan documentation.
• Understanding how specific loan terms and conditions can be employed to mitigate risk of loss.
• Able to take initiative, set clear objectives, and prioritize tasks to meet deadlines, maximize productivity, and minimize stress.
• Able to clearly, concisely, and persuasively convey information, whether verbal, written, or nonverbal.
• Able to effectively synthesize large amounts of complex information into a more consumable summary.
• Able to identify, evaluate, and interpret information, and question assumptions to reach well-supported, evidence-based conclusions.
• Able to identify, evaluate, and interpret information, and question assumptions to reach well-supported, evidence-based conclusions.

Physical Demands

• General Office - Prolonged sitting, ability to communicate face to face in person or on the phone with teammates and clients, frequent use of PC/laptop, occasional lifting/pushing/pulling of backpacks, computer bags up to 10 lbs.
• Travel - Occasional travel to include overnight stay.

Compensation and Benefits

This position is eligible to earn a base salary in the range of $52,000.00 - $80,000.00 annually. Placement within the pay range may differ based upon various factors, including but not limited to skills, experience and geographic location. Compensation for this role also includes eligibility for incentive compensation which may include production, commission, and/or discretionary incentives. Please click here for a list of benefits for which this position is eligible.