What are the responsibilities and job description for the Credit Analyst position at 1st State Bank?
THIS POSITION IS NOT REMOTE. LOCATED IN SAGINAW, MI.
Position Description The primary purpose of the position is to evaluate the financial condition of businesses and individuals applying for credit with the Bank, and provide an independent credit review and risk assessment on such loan requests. This person will work closely with the loan and lending staff to prepare presentations that include documentation risk, collateral risk, and repayment of loans. This position will assist loan officers and loan committees as requested.
Responsibilities
- Analyze credit information and prepares thorough loan analysis reports as assigned.
- Assist with the preparation of materials used in making decisions on loan requests.
- Assist with or complete the evaluation of collateral materials.
- Assist loan officers in the management of customer relationship through credit file tracking, financial statement monitoring, credit reviews and analysis of financial performance.
- Utilize financial spreading software to analyze borrower ratios for loan requests.
- Utilize tools from outside sources when conducting credit and industry analysis.
- Participate in business calls and/or customer meetings with loan officers as requested, and prepare documentation on such meetings.
- Prepare minutes for loan committee meetings.
- Completes special projects and other tasks as assigned.
- Assist with the completion of assigned loan reports accurately and within scheduled deadlines.
- Maintain assigned databases with accurate and timely information.
- Perform due diligence on existing loan files as needed.
- Assist and support Loan Documentation Department as required.
- Follow all 1st State Bank policies, procedures, compliance, and security practices.
Qualifications/Required Skills
- Bachelor’s Degree required. A concentration in business, accounting or finance is preferred. Someone graduating in December 2022 or May 2023 will be considered.
- Extensive knowledge of Microsoft Word and Excel.
- Demonstrated ability to work independently while having a strong commitment to team goals.
- Excellent organizational and problem solving skills.
- Excellent written and verbal communication skills.
- Ability to handle multiple priorities and deliver projections within required timelines.
- Experience 0-5 years
Job Type: Full-time
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Retirement plan
- Vision insurance
Physical Setting:
- Office
Schedule:
- 8 hour shift
- Day shift
- Monday to Friday
- Overtime
Education:
- Bachelor's (Required)
Work Location: In person