What are the responsibilities and job description for the Credit Analyst position at Trustar Bank?
Trustar Bank is a community bank conceived to meet the banking needs of businesses and individuals in the greater metropolitan Washington DC area. The Organizers of the Bank are experienced bankers, bank investors, and business professionals in the Banks target market area.
We are so proud to have just celebrated our 5th Anniversary and we are continuing to grow. Winners of the Washington Business Journals Best Places to Work four (4) years in a row, we want you to join this exciting, hard working team!
At Trustar, our mission is to be your partner for financial success, to provide a sound investment for our shareholders, and to support our local community.
Our unique approach to financial services and our can do attitude sets us apart from our competition. At Trustar, our philosophy is to provide customized banking solutions and top-notch service that truly addresses your individual needs.
A viable market, sufficient capital, engaged leadership, and strong management are critical success factors for any financial institution. Service differentiates one bank from another. As a community bank, Trustar Banks strategy is to be a personalized alternative to larger, super-regional financial institutions that increasingly dominate the Banks primary market. Our mission statement emphasizes personal service, responsiveness, and a willingness to tailor products and services to meet the needs of our customers.
Trustar Bank is currently seeking an experienced Credit Analyst that will primarily be responsible for independently gathering and analyzing business and financial records and other information and documents necessary to assess customer credit and risks in connection with primarily commercial loans. The analyst is also responsible for making determinations and recommendations on commercial credit decisions, credit risk, and loan approvals for loans. The analyst will follow all established policies and procedures for the Bank.
Summary of Job Duties:
- Participate in pre-credit discussions, analyze and assist in responding to initial credit requests.
-
Develop and perform information needs assessment and identify all documents and information necessary to conduct a thorough credit and risk review and analysis
-
Underwriting: Review and analyze financial statements, tax returns, and other necessary business records, prepare projections, and perform sensitivity analyses.
-
Credit Decision: Conduct Credit, financial and industry analysis.
-
Structure loans or review and/or recommend structure, terms and pricing for primarily commercial loans.
-
Identify and evaluate risks and mitigates and make determination and recommendation of credit risk grade.
-
Monitor borrowing base/covenant compliance and approve advance requests on Line of Credit.
-
Partner with Loan officers to ensure that loan documentation and financial information is properly maintained and collected from customers.
-
Order and review property appraisals to properly evaluate collateral value for transactions under consideration.
-
Perform other duties as assigned.
Requirements include:
- Bachelor's Degree in business administration, finance, or related field
- Minimum three to five (3-5) years of experience in both commercial and real estate credit analysis
- Thorough understanding of financial accounting, loan structuring, legal, compliance and market risk related issues involved in the approval of credit.
- Interpersonal skills
- An ability to prioritize multiple tasks
- An ability to work independently
- Excellent written and verbal communication skills
- Proficiency in MS Office (Word and Excel)
Trustar Bank has grown rapidly since it's start in 2019. With an all-star team and fast-paced environment, this is an exciting opportunity to join the Credit and Lending Team. We also provide an outstanding benefits package to include a NO Deductible health care plan, a strong 401(k) with discretionary company match, LifeLock premier for all employees, and a generous PTO plan. We are an equal opportunity employer. Please note this is an in office position and a professional environment.