Credit Analyst

Lake Ridge Bank is in search of a Credit Analyst to join our underwriting team. The Credit Analyst will analyze and underwrite commercial credits, spread financial statements, and partner with Underwriters and Business Relationship Managers in making credit decisions.

Responsibilities

• Accurately spread raw business and ag financial statements into financial spreading software (includes tax returns, balance sheets, profit & loss statements, aging reports, and projections).
• Verify accuracy and research discrepancies in raw statements.
• Provide credit analysis and identify trends based on collected financials and spreads for existing customers to Business, Commercial & Ag Bankers.
• Monitor and verify borrowing base certificates and other loan covenants; report findings to Underwriting Teams.
• Maintain financial tracking system upon waiver or change in financial tracking requirements.
• Monitor and verify ongoing collection efforts.
• Set up new customers on financial tracking system and establish ticklers for future collection.
• Underwrite and facilitate new and renewal credits where the aggregate debt is generally at or below $1MM, and other less complex credits as assigned.
• Collaborate with Underwriting Teams as a liaison between Business, Commercial & Ag Bankers, Commercial Production staff, Credit Risk Department, and other internal staff.
• Ensure proper documentation of loan file via a loan proposal and post-approval due diligence.
• Work with third-party individuals for evaluation/appraisal orders and environmental due diligence.
• Maintain full knowledge of the Small Business Model (SBM) & Small Ag Model (SAM) systems to facilitate loans efficiently.
• Adhere to all Bank Security and Compliance Regulations.
• Complete all annual bank security and compliance training.
• Maintain confidentiality of customer information at all times.
• Stay current on all compliance regulations.

Requirements

• Associate’s degree in Finance, Accounting, Business, or a similar field, or three (3) years of previous work experience in a lending environment.
• Solid understanding of financial statements, including tax returns, profit & loss statements, income statements, balance sheets, and other business financials.
• Well-developed interpersonal and communication skills (verbal & written).
• Good accounting/math skills with the ability to work precisely with numbers and financial calculations.
• Strong attention to detail with the ability to work efficiently and accurately.
• Demonstrated ability in exercising independent judgment.
• Strong organizational skills, including the ability to prioritize and remain calm in a fast-paced, deadline-driven environment.
• Proficiency in Microsoft Office Suite, with the ability and willingness to learn new programs and software.
• Ability to maintain confidential customer information.
• Ability to read, write, understand, and speak English clearly.
• Ability to represent the organization in a professional, positive manner.

Preferred Qualifications

• Bachelor’s degree in Accounting or Finance.
• Previous experience in credit analysis or commercial underwriting within a financial institution.
• Previous work experience in accounting and/or working with business financial statements.
• Previous experience working in a lending environment, preferably in a financial institution setting.

Schedule

Full-time position with hours of 8:00 AM – 5:00 PM, Monday through Friday.