Overview
GenuBank is seeking a strong and dynamic Commercial Credit Analyst whose expertise will help drive strategic lending decisions and support our clients’ growth. In this vital role, you will be responsible for gathering and analyzing credit information on current and prospective borrowers, determining the advisability of granting credit for a variety of loan types, assisting loan officers in preparing loan requests, and promoting business for the Bank by maintaining strong customer relationships and referring clients to the appropriate staff for additional services.
This position offers an exciting opportunity to apply your financial and credit analysis skills in a fast-paced environment committed to excellence and innovation.
- Assists loan officers in performing pre-qualification assessment and analysis of financial condition and risk of financing requests within framework of Bank credit culture and current economic and industry trends.
- Assists loan officers in gathering data from customers, internal and outside sources, prepares spreadsheets and analyzes financial information including financial statements and tax returns, and contacts customers for additional information and clarification of data.
- Compiles data from credit bureaus, conducts industry peer comparisons, and performs cash flow analyses and other such tasks and comparisons.
- Writes financial reviews and reports, and makes recommendations on loan structures and terms to loan officers.
- Assists loan officers in Coordinating processing of approved loans, ensures loans are processed according to agreement, customer needs and conform to Bank lending policies, obtains sufficient information and/or documentation from customers, and solves problems relative to processing and servicing of loans.
- Informs loan officers when up-to-date financial statements are needed for commercial accounts, and ensures credit inquires and UCC filings are researched to determine credit worthiness and appropriate collateral positioning are achieved
- Assist loan officers in the review and renewal of credit facilities, and provides back-up support.
- Checks pledged assets as requested by loan officers.
- Assists with on-going computerization of the loan review function.
- Assists loan officers in verification of funds.
- Develops knowledge of financial industry, economy, market conditions, rates, vendors and competition.
- May represent the Bank in various community, civic, and community reinvestment functions to further enhance the Bank’s image and develop additional business.
- Reinforces the application of superior customer service through his or her own example along with appropriate follow through with involved customers and employees.
- Assists in providing deposit and loan account ratings for loan officers.
- Updates and corresponds with legal counsel and collectors on workouts, bankruptcies, and charge-offs to ensure all possible precautionary actions or measures are taken.
- Conduct comprehensive financial analysis of commercial clients by reviewing balance sheets, income statements, cash flow statements, and other relevant financial documents.
- Evaluate asset management strategies and assess investment management practices to determine credit risk levels.
- Utilize advanced financial software tools to compile, analyze, and interpret financial data accurately.
- Research industry trends, market conditions, and economic factors that impact client creditworthiness and portfolio management decisions.
- Prepare detailed credit reports and recommendations for approval or further review, ensuring compliance with internal policies and regulatory standards.
Requirements
· Bachelor’s Degree (BA) or equivalent from a four year college, or 5 years related experience and/or training, or the equivalent combination of education and experience. Work related experience should consist of a financial analyzing or lending background. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be business or financial industry related.
· Intermediate experience, knowledge and training in financial statement and tax return analysis typically resulting from a combination of education in accounting, financial and/or credit analysis or related areas.
· Intermediate knowledge of commercial, construction, real estate and consumer loan processing.
· Ability to read, analyze and interpret general business periodicals, professional journals, and technical procedures.
· Strong knowledge of related state and federal loan regulations and other Bank lending policies.
· Ability to effectively present information and respond to questions from groups of managers, customers, and members of the general public.
· Basic skills in computer terminal and personal computer operation, host computer system, and word processing and spreadsheet software.
· Basic typing skills to meet production needs of the position.
· Basic math skills, calculate interest, commissions, proportions, and percentages, balance accounts, add, subtract, multiply and divide in all units of measure, using whole numbers, common fractions and decimals, locate routine mathematical errors, and compute rate, ratio and percent, including the drafting and interpretation of bar graphs.
· Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, interpret documents, understand procedures, write reports and correspondence, speak clearly to customers and employees.
Pay: $65,000.00 - $75,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Health insurance
- Paid time off
- Vision insurance
Application Question(s):
- What do you understand about the responsibilities of a commercial credit analyst?
- How familiar are you with reviewing financial information for business clients?
- What types of commercial borrowers or industries have you been exposed to, if any?
Work Location: In person
