Credit Analyst

JOB SUMMARY 

Responsible for analyzing and monitoring the credit worthiness of the bank’s commercial customers.   Analyzes financial statements, tax returns and bank references to evaluate the financial condition of businesses and their guarantors applying for credit with the bank.

ESSENTIAL DUTIES:

• Obtains loan request information from commercial lender or borrower to analyze credit information, financial statements and other related information pertaining to the loan.
• Researches background documentation and reviews personal and business financial statements and tax returns.  Analyzes financial information and prepares the preliminary analysis for the lender.
• Requests and obtains financial statements on existing borrowers.
• Reviews and prepares written analysis, spreadsheets, reports, summaries and opinions.  Prepares or assists in the preparation of loan memorandum for presentation to lenders and/or loan committees.
• Analyzes loan data on renewal and existing loans, including data provided by credit bureaus, other financial institutions and financial institution files.
• Oversees and manages financial information files to generate current reports, statements, accounts receivable and other information on customer accounts.
• Performs other duties as assigned.

ADDITIONAL RESPONSIBILITIES:

• Attend seminars and meetings as appropriate
• Maintain confidentiality in accordance with the Code of Ethics
• Adhere to established security procedures
• Participate in proactive team efforts to achieve departmental and company goals

SUPERVISORY RESPONSIBILITIES:

• No supervisory responsibilities

KNOWLEDGE, SKILLS, AND ABILITIES:

• Customer and Personal Service – Knowledge of principles and processes for providing customer and personal services.  This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
• English Language – Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Communication— Excellent interpersonal communication skills, both oral and written.
• Computer Skills – Proficient computer skills including electronic mail, record keeping, routine database activity and advanced features of word processing, spreadsheet software and ability to learn specialized bank-related programs and software.
• Clerical – Knowledge of administrative and clerical procedures and systems such managing files and records and other office procedures and terminology.
• Accounting – Knowledge of economic and accounting principles and practices, banking and the analysis and reporting of financial data.
• Banking-- Knowledge of financial industry and bank dynamics, and knowledge of bank’s products and services, and bank security and transaction policies.

• Critical Thinking – Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Monitoring – Monitoring/assessing performance of yourself to make improvements or take corrective action.
• Law and Government – Knowledge of banking laws and regulations as they apply to the lending area.
• Bank Secrecy Act – In the performance of all the respective tasks and duties, employee will maintain knowledge of Bank Secrecy Act regulations and all other regulatory, security and bank policies and procedures.

EDUCATION AND EXPERIENCE:

• Bachelor’s degree in business, finance or accounting.
• Preferred banking work experience but not required.
• Or equivalent combination of education and work experience.

PHYSICAL/WORK CONDITIONS:      In the performance of respective tasks and duties, the employee is expected to successfully perform the essential functions of the position.  Reasonable employee accommodations for physical or mental disabilities will be considered on a case-by-case basis.  While performing duties the employee is required to sit, talk and hear frequently, lift up to 10 lbs. occasionally; may be required to attend remote meetings and/or to travel occasionally.