Job Summary:
The basic duties of our Bank’s Credit Analyst position will be easily recognizable to experienced analysts. For reporting purposes, our Bank uses in-house templates based in MS Word and Excel, together with the Barnhill financial analysis spreadsheet system. In community banks like First Security, it is customary for employees to wear many hats. This is particularly true in our lending and credit department. Accordingly for the qualified candidate, this role may also eventually include loan portfolio management duties with the possibility of becoming a loan officer.
This is a fast-paced position in a friendly and flexible environment. “Old-school” characteristics are critical: professional conduct and appearance, grammar, great work-ethic, discretion, and teamwork. “New-school” skills are also necessary: computer-fluent (especially MS Office products), ability to learn new and different approaches to traditional duties, and ability to suggest innovative solutions to problems. Because teamwork is highly valued, job descriptions may subsequently be modified from time to time in order to match the team’s objectives with the skills and abilities of its members.
Essential Functions:
♦ Collaborate closely with prospective and existing loan clients to initiate and coordinate the requests, collection, and management of underwriting documentation.
♦ Learn the Bank’s Loan Policy parameters within ninety days of start date.
♦ Conduct analysis of borrower’s financial information according to Bank guidelines
♦ Prepare credit underwriting and analysis, in verbal, spreadsheet, and written forms, including formal Credit Memoranda, for new and existing loans working directly with the client in connection with originations, renewals, and modifications ensuring credit risk standards and clean portfolios are maintained.
♦ Suggest loan structure and terms, including financial and non-financial covenants, and any special approval conditions.
♦ Possess a thorough understanding of the terms and conditions under which the loans should be presented, closed, and managed.
♦ Communicate with designated teammates and clients regarding the status of their underwriting file as directed by your supervisor and, eventually, conduct credit review meetings with the borrowers.
♦ Responsible for covenant calculations and compliance, borrowing base reviews, appropriate risk ratings
♦ Participate in the evolution of credit review and management practices, including the updating of bank policies.
♦ Directly oversee the credit risk management of loan portfolio as directed by supervisor.
♦ Monitor loan technical exception reports and follow-up to clear up technical exceptions in a timely manner.
♦ Generate and deliver requested loan portfolio reports as necessary.
♦ Communicate material financial changes, covenant non-compliance, or other loan performance concerns within existing relationships to supervisor.
♦ Monitor our customers’ total loan amount compared to their authorized lending limits and concentrations and communicate that information to supervisor as instructed.
♦ Cross-train with teammates in order to assist the loan review and loan operation processes and cover coworkers during absences. Occasional training of junior team members should be expected.
♦ Identify and recommend changes and enhancements to the Bank’s lending policies and procedures, to best serve community and current market needs.
Additional Functions:
♦ Other duties as assigned by Management
♦ Support overall Bank mission, values, policies, and procedures.
♦ Comply with all applicable banking laws and regulations.
Requirements (Education, Experience):
♦ A High School Diploma or GED is required.
♦ A college degree with a focus in the areas of finance, economics or accounting is preferred.
♦ At least three years, preferably five, of experience in this area
♦ Ability to remember rapid and detailed verbal instructions
♦ Strong interpersonal skills in building relationship with both teammates and clients
♦ Highly developed communication skills including the ability to write clear and concise financial analysis and credit correspondence
♦ Capable of independently and proactively managing various relationships and multiple priorities
♦ Ability to learn and work well independently in a fast-paced environment
♦ Exceptional credit/analytical skills
♦ Expertise in financial computer applications, primarily Microsoft Excel and Word
♦ Ability to properly utilize ABS BankManager Elite within ninety days
♦ Ability to analyze financial statements as well as corporate and personal tax returns
Physical Requirements:
This work is sedentary and requires the following physical activities:
♦ Sitting for long periods of time
♦ Occasional bending, squatting, kneeling, stooping
♦ Good finger dexterity and feeling to efficiently operate a computer keyboard, mouse, power tools, and other computer components
♦ Frequent repetitive motions
♦ Talking, hearing, and visual acuity
♦ Frequent lifting (up to 25 pounds of office supplies or minor office equipment)
♦ Ability to work extra hours as project or deal flow periodically requires
Working Conditions:
♦ Normal office environment.
NOTE: The above statements are intended to describe the general nature and level of work performed by an employee in this position. These statements are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of employees in this position.
Job Type: Full-time
Pay: $26.75 - $33.65 per hour
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Flexible spending account
- Health insurance
- Health savings account
- Life insurance
- Paid time off
- Tuition reimbursement
- Vision insurance
Physical Setting:
Work Location: In person
