Credit Analyst III
Pay
Starting Salary $85,000.00 (Negotiable upon Experience)
Qualifications
Education/Training: Bachelor’s degree in Accounting, Finance, or related field of study required; specialized bank lending education/training.
Skill(s): Intermediate to advanced commercial real estate underwriting skills and experience; proficient in English, reading, writing, grammar, and mathematics skills; ability to manage a moderate workload on a consistent basis with limited oversight; attention to detail; ability to work under strict time requirements or under tight timeframes; proficient interpersonal relations and communication skills; advanced organizational skills; intermediate to advanced financial analysis skills; proficient PC skills including Microsoft Office and ability to learn specific financial software; thorough knowledge of current related regulations; skills sufficient to train and/or mentor new Credit Administration personnel.
Experience: A minimum of three (3) to five (5) years commercial credit underwriting experience, including commercial real estate and C&I lending related experience required. SBA and non-profit underwriting experience preferred.
Responsibilities
Responsible for performing credit analysis to evaluate the creditworthiness of individuals and businesses for commercial loan requests; coordinating work within the department, as well as with other departments; assisting with training and mentoring of new and/or entry level credit analysts; complying with operating policies and procedures established for the credit analysis function; communicating with appropriate personnel; responding to inquiries or requests for information; maintaining appropriate records and providing assigned reports.
Essential Duties
Performs credit analysis on more complex credits to evaluate the creditworthiness of individuals and businesses of which the following are illustrative: Receives application and related financial data on prospective and active borrowing accounts, e.g., tax returns, financial statements, credit reports, and lender interview and investigation sheets, etc. Analyzes data and evaluates the short- and long-run prospects of the individual or business; determines the degree of risk involved in extending credit or lending money; assists in determining the likelihood that the borrower will be able to meet their financial obligations on an on-going basis. Ensures that all credit analysis activities are conducted in accordance with prescribed lending policy. Prepares necessary cash flow analysis to evaluate the ability of the individual and/or borrower to service the requested debt. Generates financial ratios to evaluate customer’s financial status. Provides thorough documentation of all financial analysis work, including ratios and other related information; provides a complete analysis suitable for presentation to appropriate approving authority; prepares related reports. May make recommendations to appropriate management on the structure of credits and the granting or denying of loans; prepares sufficient information to document recommendations to approve, decline or counteroffer an application. Evaluates customer records and recommends repayment options based on cash flow, earnings, savings data, payment history, and purchase activity. Reviews individual and commercial customer files to identify